Happens all the time. You put a half-assed attempt into finding a buyer and then go party in Ibiza in either scenario.
Its the people not making money that imagine their one single idea in life is going to strike it big and they'll get married to it.
The rest of us just make money, with the comfort that we now have enough money, or can make more with one of our monthly ideas, or can attract capital due to prior success or having made a profit for shareholders in the prior venture.
There are, usually, ready buyers for a well-performing business--which is another word for a machine that turns money into more money.
Furthermore, attaining some modest success does not tend to make business owners indifferent to the prospect of having a bit more success. Letting the business wither and die while one takes pills on Party Island is not the way it goes.
"""U.S. Helicopter Corporation (the "Company") has put substantially all of its operations and business activities on hold as of September 25, 2009 due to the Company's inability to obtain the financing necessary to continue to operate its business."""
I like the part where it clawed back the earnings of the founder and any expenses weren't usable as deductions on their taxes. Wait, thats not what I read at all.
Anyway, why was a helicopter company publicly traded last decade? Thats funny, too bad they needed to rollover debt during a period of time when financing had dried up for everyone in 2009.
Is a public company from 2009 the only data? I thought the whole premise of this subthread was that there were companies always filling the void.
There has been an endless parade of these guys but only the one was public, in recent history. Obviously I am not aware of the disposition of the others. Maybe they were all roaring successes.
It might have made the owner lots of cash and they just stopped.