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#1
05-28-2009, 01:15 PM
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Mastro/legendary consignment checks?
For the last month the message on mastroauctions says the intend to send checks out in May. With two days left in may what are the chances?
Will Mastroauctions ever pay the consignors? From a legal standpoint I consigned when all the new owners of legendary auctions were with Mastro. Can they legally be held responsible for the debt since they were a part of mastro when the auction took place.Am I the only one who feels that legendary is badly tainted by this whole mess? Is mastroauctions eventually going to pay or are they getting ready for bankruptcy? Last edited by gnuche; 05-28-2009 at 01:16 PM. 
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#2
05-28-2009, 01:41 PM
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I have no idea if Mastro is ready to file bankruptcy, but I'm almost certain the principles of Legendary are not responsible for anything that Mastro is liable for. Since all the individuals running Legendary are also the same as those who were running Mastro I can't see how not paying consignors won't reflect poorly on Legendary.
The whole thing reminds me of a fellow here in town (Rod 'The Krusher' Kush - yes the former pro football player) who owned a furniture store that had possibly the worst customer service you can imagine...I had two poor experiences with his store and the last one ended up with me filing a complaint with the BBB. The store had the lowest rating one can get from them before I ever lodged my complaint. His store went out of business a few years ago.....now he is opening a new store and he still owes hundreds of thousands of dollars on his old store.
__________________
Looking for Nebraska Indians memorabilia, photos and postcards
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#3
05-28-2009, 02:06 PM
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Just to clarify, are you waiting for payment from the final Mastro auction, of the premier Legendary auction?
In the case of the former that seems well over due. If it's the latter, you may be waiting a little while longer. I'm not a lawyer, but it seems to me that all the steps they have taken to separate Legendary from Mastro would not stand up to close scrutiny. To announce that Legendary has acquired the assets of Mastro is ludicrous. They were/are owned by the same investment group (Silk Road Equity). Any money transfered during the sale came out of a left hand pocket and into a right hand pocket (with perhaps, a little going Bill's way to stay out of the new company.) Doesn't seem like it would take much work to prove that the "sale" was a farce.
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#7
05-28-2009, 03:05 PM
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owner of a chat room?
Are we a chat room? As much as I get beat up I thought it was a boxing ring, or an octagon? I will make a call or two but I have a feeling I might not find much out. I am sorry you are having this problem Gary.....You are certainly one of the good guys in the hobby.....
btw Gary- have you tried calling Doug? Last edited by Leon; 05-28-2009 at 03:05 PM. Reason: additional question
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