If you want to buy Jay Peak, it’s going to cost more than $93 million dollars.
According to VTDigger.com, Jay Peak’s appointed receiver Michael Goldberg just turned down a humongous offer by Bellwether Asset Management to buy the Vermont ski resort, saying the resort is not currently for sale. Golberg indicated that the offer was unsolicited.
The offer did not include Hotel Jay.
Court documents show that Bellweather Asset Management intended to buy 9,232 “outstanding” shares of Jay Peak Inc. along with the majority of physical assets and properties including one indecipherable asset titled “Disney pixar toy story.” The offer, which seems extremely generous, is $51 above the SEC’s evaluation of the Northeast Kingdom ski area.
Earlier this year, the SEC accused Jay Peak owners, Ariel Quiros and William Stenger of misusing millions of EB-5 investment dollars in what they referred to as a “ponzi-like” scheme.
Find the entire VTDigger article here: RECEIVER REBUFFS $93 MILLION OFFER FOR JAY PEAK