Since we are posting allegories, I would like to add mine. I see GNBT as a restoration project. Imagine that you found the vintage auto of your childhood dreams at the price you could afford. Even though it would require extensive restoration, you still buy it. The car is completely dismantled, down to its frame. Rust is removed, welds and metal patches added to strengthen the frame structure and rust preventative paint covers every surface. With no OEM replacement parts available from the manufacturer, the needed parts that can be custom made are, but not everything can be replaced that way. Some things will need to be found by scouring the salvage (junk) yards and pay the going price. Supply and demand works both ways. Take the sheet metal, fenders, doors. A fender could have all the rust removed, and the holes and dents patched with welded sheet metal and Bondo (body putty) hoping the weld and seams don’t show under the paint or the body putty doesn’t fall out, or take whatever time is needed to find a solid replacement part, whatever the cost. If the restorer is only looking to “flip” the car, then taking every short cut to maximize their profit and then selling it to an unsuspecting buyer is the obvious route. But if you plan to keep the car forever as your pride and joy, short cuts would not be an option. I could be completely fooled, but it seems to me that Joe is not restoring GNBT to be “flipped”. And as investors, each one of us must draw our own conclusions.
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