 An Arizona bank called FNBA filed an objection to the proposed sale of now-bankrupt Titan's assets to Arizona Motorcycle Works claiming it has a first rights lien on Titan's assets and that the sale price undervalued the fair market value of the property.The bank also claims that Titan's owner Don Proudfoot and Hope Smith, a principal in Arizona Motorcycle Works, have a personal relationship and that the latter company is subtenant of Titan's and that this relationship has not been disclosed.These two allegations called into question that the proposed sale represents a "good-faith, arms-length negotiation" between the two entities, the complaint claimed.