The Buyer Returned With A Smaller Deal And Harder Questions
Part 6 · 4 min read ·
Leila had brought Juniper’s operations director, a man named Ben Torres. He carried a folder instead of a bottle for a celebration.
“We still need test capacity in Arizona,” he said. “We still like the staff and the equipment.”
“What about Dorian?” I asked.
“He would have no management role in the proposal we’re considering.”
Leila handed me an entry form.
She had filled in the date, purpose, and names. Every box was complete.
I unlocked the gate.
Inside the cavern, our footsteps came back from the far wall in a soft jumble. The thick acoustic door stood open. Beyond it, the speaker frames waited under dust covers.
Ben looked up at the braces.
“You built these?”
“Granddad designed the first set. I helped replace the upper mounts.”
“Dorian called this an owned facility.”
“It’s a leased rock tunnel with good drainage and a lot of careful work.”
Leila almost smiled.
“That description would have saved us several weeks.”
The proposal was an asset purchase. Juniper would buy specified equipment and the operating business through a new local company. It would not buy Dorian’s company shares or accept his claim to my head lease.
The proposed price was $3.4 million, subject to equipment checks and a full list of debts.
The lender would have to release its liens. Sable Mesa would have to agree to the sale. My written consent would still be needed for the sublease assignment.
Nobody had all those signatures yet.
“What do you need from me?” I asked.
“Your actual requirements,” Ben said. “We’ve had enough guesses.”
I took out the list Ruth and I had made.
Proof of insurance. A named site manager. A clear entry roster. All outside use logged and covered by the agreement. The existing rent and repair duties honored.
“And no document saying you own the land,” I said.
“Fair,” he replied.
Leila added a requirement of her own: a complete review of the night sessions before anyone used their results in a customer report.
Cinder Range’s hardware was still in development. Nothing from those sessions had been cleared for flight on the strength of our work. Even so, six runs lacked full calibration records.
“We can’t fill those blanks with guesses,” I said.
“Exactly,” she said.
An independent lab priced repeat tests at $46,000. Juniper put that amount into its draft as a seller-funded customer remedy.
For the first time since I was fired, the paperwork described the place I actually knew.
While the deal took shape, the court case moved forward.
Dorian’s admission removed the main fight over the consent. His lawyer agreed that the page could not be used. They still disputed fees, lease breaches, and what the rental income meant.
Ruth did not turn that into a victory speech.
“An admission helps,” she said. “We still need an enforceable end.”
At a separate sanctions hearing, Dorian had notice and a chance to explain why he had submitted the page. He called it a shortcut.
The judge asked whether I had authorized that shortcut.
He gave the same answer he had given under oath.
She ordered a $7,500 sanction payable to the court. That amount would be added to the closing instructions if the sale went through; the order required payment even if it did not.
Outside, I put the hearing notice into my folder.
Ruth asked if I wanted a minute.
“I want lunch,” I said.
We ate bean burritos on a bench before reviewing the next draft.
The landowner joined settlement discussions for the limited purpose of confirming the head lease and approving the proposed use. The bank reviewed Juniper’s equipment list against its collateral.
I went on doing cable repairs and attending scheduled site visits.
One afternoon, Mara brought a carton of old maintenance logs to the cavern. Dorian had authorized their release for the sale review.
“I’m sorry I didn’t connect the rental checks sooner,” she said.
“You didn’t have the other company’s bank records.”
“I had bills marked special project. I should have pushed.”
She had pushed now. Her ledger work showed Sable Mesa had carried the expenses while Dorian took the income.
The buyer required the $425,500 to be charged against any distribution he would otherwise receive from the asset sale. The money would remain with Sable Mesa to meet its obligations, rather than go into his pocket.
His lawyer objected to the amount.
Mara supplied twenty-three invoices and twenty-three matching deposits.
The objection got shorter.
In July, monsoon clouds rose over the mountains. I watched them from Ruth’s window while she reviewed a revised offer.
Dorian would accept the asset sale, settle the site claims, and step away. The bank would receive its payoff. Employees would receive all unpaid wages before any owner distribution.
“There’s something else,” Ruth said.
She handed me a page from Juniper.
It was a job offer with my name at the top.