5217
« on: March 17, 2011, 05:38:51 AM »
There is a facility owner here in Houston that bids on units for sale at his own facilities. He has 7 locations in Houston and he travels to each one to bid against us. Example: This manager and I were bidding on the same unit. It was a nice unit that had 6 brand new A/C compressors that you could see,there were also about 20 other boxes. I knew they were worth money but I didn't know exactly how much they would resell for nor exactly how many were there. I pushed the unit pretty high and he kept going. He won the unit. I was talking to him a little later and he told me he would have went up to 4 thousand dollars on the unit. Turns out, there was around 60K in a/c compressors in the unit but you would have never known that without moving things and opening boxes.
My argument is that anyone who has access to the unit shouldn't be allowed to bid on it.
Does anyone have another view point?