Can't read the article, but here's what I'm experiencing
Owners converted the company to an ESOP 15 years ago. The company was valued, then the owners sold their stock to the ESOP over the 15 years. Company is now 100% owned by the ESOP.
The company has struggled without their leadership, and the few of us remaining are trying to find a buyer for the company assets to cash out and terminate.
The ESOP is a very complicated beast and an independent profession valuation is prepared every year. There are many companys that are in the business to provide company valuations. There are three main comparisons used to arrive at the value. Income-Discounted cashflow, Market, and Asset base.
So Ronstar lists the hurdles. The major one is finding competent people to replace the owner
Awaiting cash out of Corp retirement plan, saving, saving and saving more, in hopes of RE in 2016 at age 47.