Notice of public UCC Article 9 foreclosure – public sale

NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE – PUBLIC SALE
of substantially all personal property of
Ryan Cameron Rayburn Collective, Inc., a California corporation

PLEASE TAKE NOTICE that on October 12, 2020, at 2:00 p.m., Los Angeles, California time, a public sale (the “Public Sale”) shall be conducted of the personal property, whether previously, now, or hereafter constituting the items described on Schedule “A” below (the “Sale Collateral”) of Ryan Cameron Rayburn Collective, Inc. (the “Debtor”).

The Public Sale will be conducted via video conference on Zoom –

Meeting ID: 871-3479-7411, Passcode: 747345; also accessible via:

https://us02web.zoom.us/j/87134797411?pwd=b0YxcU1nUERQNGFPNGlDNVhURHl0QT09

PLEASE TAKE FURTHER NOTICE that the Public Sale is being conducted by Shenson, LLC as agent (the “Agent”) for MM Enterprises USA, LLC (the “Secured Party”) to enforce the rights and remedies of Secured Party under SECURED PROMISSORY NOTE AND GUARANTY dated June 25, 2019, in the principal amount of $100,000 and SECURED PROMISSORY NOTE AND GUARANTY dated July 27, 2019, in the principal amount of $400,000 (collectively, the “Notes”) by Debtor as “Borrower” and Elliot Lewis as “Guarantor”.

The Sale Collateral will be sold to the highest qualified bidder for cash, or the credit against outstanding indebtedness held by the Secured Party or for which the Secured Party is entitled by contract to bid. Please be advised that Secured Party, and any assignees of the Secured Party, reserve their right to credit bid, and may credit bid, at the public sale of the Sale Collateral.

There will be no warranty made or provided relating to title, possession, quiet enjoyment or the like in connection with the disposition.

To be a qualified bidder, a prospective bidder must, on or before 5:00 p.m. (Los Angeles, California time) on October 7, 2020, both: (i) contact Agent at the e-mail address or phone number below and provide the Agent with current contact information and such adequate assurances of bidder’s ability to perform as the Secured Party may reasonably request; and (ii) provide Agent with a refundable cash deposit of fifteen thousand dollars ($15,000) to secure any bids that the bidder may submit at auction. The Secured Party shall not be required to post any such deposit in order to participate in the auction. All deposits of qualified bidders, other than the successful bidder, will be refunded after the auction.

Parties interested in participating at the Public Sale as a “qualified bidder” for the Sale Collateral should contact Agent by e-mail at [email protected] or by telephone at 424-233-0698.

Schedule “A”

    1. Licenses – Long Beach (subject to applicable regulatory approvals)
    2. Inventory (subject to applicable regulatory approvals)
    3. Equipment
    4. Furniture

This is a paid post. Contact [email protected] for more information.

Latest posts