Without a doubt. Where there's smoke, there's fire..... I only had 2 transaction with him and a follow up last year and for my purposes he was one of the most pleasant people I have dealt with in the automotive industry. Followed through and then some and was extremely helpful in emails.
Time never stops nor does reality. If the business is going away he needs to either find a new home for his products or bury it. There is no third direction for this one.....