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Old 02-12-2009, 04:33 PM
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Default Auction Houses-Going, Going..Gone?

Posted By: rand

here is my thought.

mastro is owned by a private equity company. this company may have taken some huge hits with the stock market and banking situation. Mastro is a cash cow and they could be draining the accounts and telling mastro officers to figure it out. it may be or become a ponzi scheme. so it may be out of doug's hands somewhat. i am sure the officers of the company are paid very well, the building they reside in is not cheap, and perhaps Mastro's credit line was greatly reduced. so, maybe this has some truth to it????

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