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  #1  
Old 05-28-2009, 02:15 PM
gnuche gnuche is offline
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Default 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 02:16 PM.
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  #2  
Old 05-28-2009, 02:41 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.
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  #3  
Old 05-28-2009, 03:06 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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Old 05-28-2009, 03:21 PM
gnuche gnuche is offline
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Default mastro/legendary consignment checks?

Jim,
I consigned a large lot of cards to mastroauctions on 9/28/2008
Yes 2008! It was auctioned in mastro's last auction. 8 months
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Old 05-28-2009, 03:24 PM
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I'd be looking for an attorney by now.
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Old 05-28-2009, 03:56 PM
Rob D. Rob D. is offline
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Quote:
Originally Posted by Jim VB View Post
I'd be looking for an attorney by now.
Or perhaps an owner of a chat room.
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Old 05-28-2009, 04:05 PM
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Default 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 04:05 PM. Reason: additional question
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  #8  
Old 05-28-2009, 05:06 PM
gnuche gnuche is offline
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Default http://www.net54baseball.com/showthread.php?p=726331#post726331

Leon, I have not talked to Doug or anyone else for that matter. The message on mastroauctions said they were hoping to have all checks mailed in May.
I was waiting(naively I guess) thinking I will get paid in May. Legendary said they are not responsible for consignment checks for the last mastro auction.
Why call Doug?
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Old 05-28-2009, 05:17 PM
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Default Why call Doug?

Hey Gary
Doug was the President of Mastro. He probably has connections. As for me making calls that is who I would call to find out. I have never spoken with Bill Mastro on the phone but I have spoken with Doug many times....I would start with him....shoot me an email if you want his number or you want to chat off line...

leonl@flash.net
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Old 05-28-2009, 06:22 PM
Rob D. Rob D. is offline
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Quote:
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Are we a chat room?
Sorry, I got mixed up on my Internet communication venues.

Although technically, thanks to this new forum platform, you could list a chat room among your assets.
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