Testing the driver with an ohmmeter is incomplete test. Sometimes the magnets break off the drivers rendering no sound. Sometimes the voice coil shorts and if you don't interpret the ohmmeter readings correctly you can overlook a faulty driver. Remove the horn and look for damage such as lost magnet from the back. Also the peavey cabs have a protection circuit so if you did not try another speaker to the same wores going to the driver, it may be the Polyfuse on the protection circuit or other components.
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