Another Bostwick Building For Sale!!!

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You are such a moron and obviously not in the know---Bostwick will be vacating the building Snag a Job will be leasing and just signed an 18 month extension on the building that is their corporate office. What is the point in all this.....It's not as bad as you make it out to be---why not stop spending valuable energy and go get a different job if thats what you want to do.....
 






Anonymous said:
You are such a moron and obviously not in the know---Bostwick will be vacating the building Snag a Job will be leasing and just signed an 18 month extension on the building that is their corporate office. What is the point in all this.....It's not as bad as you make it out to be---why not stop spending valuable energy and go get a different job if thats what you want to do.....
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Why does the truth hurt you us much?

And since when did signing an 18 month lease become something to crow about? Especially for company headquarters. That's just a postponement of the inevitable which is a shutdown of HQ.

Nashville for sale. NY for sale. Arizona for sale. Maryland vacant. Richmond vacant. I don't know what your definition of "bad" is but in most circles this is qualifies as bad. Keep drinking the kool-aid and keep wearing those blinders on!
 






You obviously don't know much about accounting either---the worse thing a company can do to their bottom line is own assets---Bostwick is much better leasing properties as it pumps up the bottom line---you might want to try investing in a cost accounting book.
 






Anonymous said:
You obviously don't know much about accounting either---the worse thing a company can do to their bottom line is own assets---Bostwick is much better leasing properties as it pumps up the bottom line---you might want to try investing in a cost accounting book.
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I would say it's YOU that knows jack shit about accounting if you think leasing is better than owning.

The only thing leasing does is make it look like the company can't afford anything. No successful companies lease.
 






That is absolutely not true from a cost accounting perspective---do a google on it and you'll feel like an idiot--you can write the cost of a lease off--the effect of owning a long term asset is detrimental to your balance sheet--short term assets equipment and the like are good debt to have. I applaud Dr. Bostwick for getting sound accounting advice.
 






Anonymous said:
You obviously don't know much about accounting either---the worse thing a company can do to their bottom line is own assets---Bostwick is much better leasing properties as it pumps up the bottom line---you might want to try investing in a cost accounting book.
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Whatever!! You lease because that's less inventory having to be sold when the company fails. You just give it back to the leasing company and you're done with it.
 






Anonymous said:
That is absolutely not true from a cost accounting perspective---do a google on it and you'll feel like an idiot--you can write the cost of a lease off--the effect of owning a long term asset is detrimental to your balance sheet--short term assets equipment and the like are good debt to have. I applaud Dr. Bostwick for getting sound accounting advice.
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If his accounting advice was so sound, why did 90% of his labs close, and why did he layoff such a large number of employees? Hmm?
 






Anonymous said:
That is absolutely not true from a cost accounting perspective---do a google on it and you'll feel like an idiot--you can write the cost of a lease off--the effect of owning a long term asset is detrimental to your balance sheet--short term assets equipment and the like are good debt to have. I applaud Dr. Bostwick for getting sound accounting advice.
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First result said that leasing is dumb because it costs more, you HAVE to finish the term, and it STILL BELONGS TO SOMEONE ELSE. Leasing is for poor companies like this one.
 












Oh please pocco don't blame the system for holding you down--go get an education and if Bostwick is so bad move on. Do you know how many corporations lease corporate space--I bet 80% of Innsbrook is leased property. Why do companies close divisions, labs, eliminate product lines---because moron they are not financially measuring up to the expectations. I'm not defending Bostwick hes a little on the wild side like most pathologists but obviously someone gave him some bad information and a change became necessary. I bet more changes are on the horizon. You my dear moron should read the book--"Who Moved My Cheese"---it's a business book on change and how different personality types deal with it. A company doesn't intentionally do something to you the individual--well maybe they do at the executive level:)---you need to either adapt or move on---your misery is really not good for your health:) --- Can I hear an AMEN:)
 
























Stalking horse backs down

July 19, 2011 by Michael Schwartz

The local investment fund that had made a $4 million bid on the last remaining asset of a bankrupt local firm has backed out of the deal.

Richmond-based Real Estate Value Advisors and its REVA Catalyst Fund, which made the stalking horse bid for the former headquarters of Commonwealth Biotechnologies, pulled out before last week’s scheduled auction because it couldn’t secure financing.

“We had a lender lined up,” Sadler said, but it pulled out in part because of concerns over the how long the property’s tenant might stay in the space and questions about the company that owns the tenant.

What makes the Biotech Drive property attractive is that tenant, a company called AIBiotech. It is a division of Innsbrook-based Bostwick Laboratories. Bostwick purchased the AIBiotech assets from Commonwealth Biotech back in 2009.

Sadler has said he’s confident AIBiotech will stay for at least the three and half years remaining on its lease. But Bostwick hadn’t been particularly communicative about its plans for the future, he said.

“It’s a tough market in general, and that deal has some issues,” Sadler said.

The REVA fund is a private placement fund that was launched in 2009 and is open only to accredited investors. It invests in real estate that it thinks has ownership problems, and Commonwealth Biotech fit that criterion.
 






And dear moron where was this anonymous article published----why does it bother you so much that anything is for sale---you should be impressed that a small company has been able to manage this turbulent time. Oh and no I'm not an executive at Bostwick and no I'm not an ass kisser.
 






Anonymous said:
And dear moron where was this anonymous article published----why does it bother you so much that anything is for sale---you should be impressed that a small company has been able to manage this turbulent time. Oh and no I'm not an executive at Bostwick and no I'm not an ass kisser.
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How sad that your vocabulary is limited to name-calling. Petulance does not become you. Alas, it seems even your investigatory skills are lacking as the post clearly indicates not only the source but the author's name.

Impressed? When a buyer backs out of a deal because "this deal has some issues" and he has "concerns" about the tenant and owner, "impressed" is not the word that comes to mind.

Hypocrisy, now that's the word that applies here. Anonymously you decry the source of the post.
 






I did not post anything but when I read it I was curious....... The article also mentions other issues.......


http://www.richmondbizsense.com/2011/07/19/stalking-horse-backs-down/

An auction for the property was scheduled for July 15, where Real Estate Value Advisors’ stalking horse $4.22 million bid was to be the benchmark for other parties that might take a crack at buying the space at the court-ordered auction.


The first lien holder on the property is BB&T, which Commonwealth Biotech still owes $2.43 million. There is also about $500,000 worth of liens against it from several New York-based capital firms.

Michael Schwartz is a BizSense reporter.
 






Anonymous said:
How sad that your vocabulary is limited to name-calling. Petulance does not become you. Alas, it seems even your investigatory skills are lacking as the post clearly indicates not only the source but the author's name.

Impressed? When a buyer backs out of a deal because "this deal has some issues" and he has "concerns" about the tenant and owner, "impressed" is not the word that comes to mind.

Hypocrisy, now that's the word that applies here. Anonymously you decry the source of the post.
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Is "bankrupt" considered to be another impressive term?
 












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