rupetime
Globespan purchased the AOC from Cougar when they closed down.
You cannot 'purchase' an AOC. What you can purchase is the company that holds the AOC. However, buying an insolvent company means you are also buying its 'debts'.
Whenever a transfer of ownership occurs, the CAA will take a closer look at the individuals who are buying into the company. They will also want to make sure that the notified postholders are still in place.
People who try to 'buy' an AOC are obviously trying to escape the scrutiny of the CAA. But little do they know, as they also need an operating licence, and that's where most of these cowboys (especially those with no money) come unstuck !!!
CG