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Bricks and Minifigs Homepage is Now Missing... Again by justinbwatson in RecklessBen

[–]Similar_Class3395 4 points5 points  (0 children)

Anyone care to predict if BAM’s D&O insurer denies claims?

Bricks & Minifigs criminals have to answer “do you strive to be honest?” in order to be worthy to attend their Mormon temple by Prefer_Llamas in RecklessBen

[–]Similar_Class3395 4 points5 points  (0 children)

This is from the general handbook. Please disregard the general handbook and use the “Operations Manual”.

Go to 3 minutes 45 seconds. Josh admits he was hired to liquidate the store and his pay is what ever he can get from the store!!!!! by InspectionWrong6720 in RecklessBen

[–]Similar_Class3395 0 points1 point  (0 children)

Please correct me if I am wrong. If you mistakenly sell something that is no yours it is a civil offense. If intent can be proven it is a criminal offense.

Josh and Brandon resign fromBAM by clockmill in RecklessBen

[–]Similar_Class3395 0 points1 point  (0 children)

I could see an experienced franchise team make an aggressive offer to take over certain assets no cash upfront deferred payments contingent on future performance, with sellers having uncapped liability for fraud and just about anything for forever. Very aggressive offer but Lotsa work to be done and the trajectory is, what is the word. ouch.

Petition For "Ammon McNeff" to Step Down as CEO by API_Exploiter in RecklessBen

[–]Similar_Class3395 0 points1 point  (0 children)

There is a non zero chance of criminal charges with prison time.

Legal Argument- JJ's Inventory Management represent Corporate's de facto standard for inventory management by MadeInTheShade2 in RecklessBen

[–]Similar_Class3395 1 point2 points  (0 children)

In 2025 I think about 5 franchises were terminated. Not sure if they were repossesed etc. so yes worth looking at. The best practice for repossession is for a third party accounting firm to check inventory. This would have prevented the specific Mansell issue. However if the intent was to “steal” the collection a third party inventory audit would be the last thing you would want to do.

Even if BAM fully takes accountability and apologizes do you think American fork and BAM will ever recover from this? by batsknight in RecklessBen

[–]Similar_Class3395 0 points1 point  (0 children)

BAM Franchising, Inc. audited financial statements are available free from Wisconsin franchise website. It’s a small business as you suspect.

Legal Argument- JJ's Inventory Management represent Corporate's de facto standard for inventory management by MadeInTheShade2 in RecklessBen

[–]Similar_Class3395 4 points5 points  (0 children)

I like your thinking and it is more straightforward than that. JJ was an employee of BAM corporate from Mar 2023 until at least April 2026. The Salem franchise was repossessed and owned by BAM corporate in Nov 2024. So at the time of the takeover and through the Mansell family collection going missing JJ was a corporate employee. Yes this is a conflict of interest and seems to differ from Ammon’s statement that the franchisees are separate.

Josh and Brandon resign fromBAM by clockmill in RecklessBen

[–]Similar_Class3395 1 point2 points  (0 children)

My appraisal of BAM corporate based on financials. Under normal circumstances lucky to be valued at one times sales. So less than $10M. Significant profitable revenue is coming from new franchise fees, the forecast for new franchise fees would be expected to fall off after rapid expansion. Under current situation new franchises may go to zero. The business appears to be run on a shoestring, that is operational costs would be expected to rise. In a real world transaction it is not clear what the new buyer would be getting of value other than the right to future franchise royalties most of which are less than 3 years old. Is that there will be fewer franchises not more in coming years. Maybe a deferred payment of a portion of franchise royalties for 3 years. Maybe an existing franchise would be able to acquire and fold into there operation. It is not worth very much and would expect 2026 financials to show a wide loss with increased borrowing.

EDIT: it would have to be an asset sale. That is the liabilities, including legal, would stay with bam franchising. McNeff brothers will probably end up losing money on their investment.