You can’t keep a good man down. Despite the recent plunge into bankruptcy that left his Cork & Olive wine store franchise chain in turmoil, his newly-launched franchisees stranded without the promised support, and employees without jobs or paychecks, C&O founder Michael Probst is launching his next entrepreneurial venture: Mergers & Acquisition Corp.
Commenter secret posted the link to document P08000107072 (available at www.sunbiz.org) showing that Probst formed a new corporation December 4, 2008. The corporate address of Merger and Acquisition Corp. is a home that sold in 2006 for $399,500 (See listing)… an amount equivalent to 6.6 $60,000 Cork & Olive franchise fees.
Florida Profit Corporation
MERGER AND ACQUISITION CORP.
Document Number: P08000107072
Date Filed: 12/04/2008
State: FL
Status: ACTIVE
Principal Address: 418 CASCADE LANE PALM HARBOR FL 34684
Registered Agent Name & Address: PROBST, MICHAEL 418 CASCADE LANE PALM HARBOR FL 34684 US
Officer/Director Detail
Name & Address Title PCEO PROBST, MICHAEL 418 CASCADE LANE PALM HARBOR FL 34684
Title SCFO PROBST, MICHAEL 418 CASCADE LANE PALM HARBOR FL 34684
It’s good to see that someone has weathered the Cork & Olive typhoon without it dampening their entrepreneurial spirit! No doubt there will be exciting things to come from Merger and Acquisition Corp.!
What do you think? Share a comment below.
Related posts: CORK & OLIVE: Ex-Employee Has no Sympathy for Franchisees, CORK & OLIVE: Overview & Blogliography, CORK & OLIVE: The Probst Method of Guilt Avoidance, Cork & Olive Files Chapter 11 Bankruptcy, What REALLY Uncorked Cork & Olive?
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View Comments
I represent the bankruptcy trustee and we are reviewing this matter. A lot of people have brought their complaints to the trustee. Unfortunately, most of the information is not all that useful as most people do not understand the trustee's role in cases such as this. The trustee's duty is to administer assets of the estate and pursue recovery of preferential or fraudulent transfers (as defined by the Bankruptcy Code, not by anyone else). That being said, I welcome any information that could be provided that would assist the trustee in prosecuting her duties. So far, I have heard a lot of negative comments about former management but no one has pointed to an actual transaction that would be the basis for a recovery for the bankruptcy estate. I welcome any comments or information any of you may have; my email address is: herb@donicalaw.com
HerbDonica...
who do you represent? ....michael's corp.....rainer's corp?,.....creditors???
.......i may have the key.
tell me more.
As I said the first time:
HerbDonica on March 4th, 2009 9:35 am
"I represent the bankruptcy trustee and ..."
I represent the court appointed bankruptcy trustee. She has alredy changed the locks so we do not need any keys. If you have any information, that would be nice.
changed the locks??
your killing me
Dear insider - heck I even knew what you meant by ' i may have the key'! LOL I needed a good laugh from all of this after reading the locks have been changed scenario! ROFLMAO
Dear Herbdonica - I dont think the insider meant he/she actually has a "KEY" to fit the doorlock but key informattion that might help!
apparently.......the court has weaker players than the defendants
never mind
Cork & Olive's Michael Probst, Deborah Augenti launch new franchise
Have you heard about this? Your input is invited:
https://unhappyfranchisee.mystagingwebsite.com/cork-olive-team-launches-solera-wine-franchise-beware/