Detailed Description
John Newton ("Creditor"), pursuant to his rights as a secured creditor under the Iowa Uniform Commercial Code, will sell via public auction all outstanding corporate stock of Air Exec, Inc., an Iowa corporation, at 9 a.m. on Saturday, May 4, 2024, at the Croker Huck Law Firm, 2120 S. 72nd Street, Suite 1200, Omaha, Neb. This sale shall be AS-IS; there is no warranty relating to title, possession, quiet enjoyment, or the like in this disposition of any kind. Participation in the auction shall be in person only. The starting bid at the auction shall be a credit bid by Creditor of $50,000.00, and Creditor reserves the right to increase his credit bid to the extent of the indebtedness owed to him. The stock shall be transferred to the highest bidder upon that bidder (1) immediately upon the auction concluding presenting to the auctioneer or Creditor's attorneys a cashier's check in the amount of $50,000.00 payable to Creditor and (2) delivering to Creditor's attorneys at the below office a cashier's check in the remaining amount of the purchase price payable to Creditor within 72 hours of the auction.
A balance sheet identifying Air Exec, Inc.'s major assets and liabilities that are known to Creditor will be provided upon emailing Creditor's attorneys at rklein@crokerlaw.com and paying a fee in the manner that will be described in a responsive email.
/s/ David J. Skalka
Croker Huck Law Firm
