Posted By:
boxingcardmanBid? Not bid? Consign? Not consign?
I like the folks at Mastro and don't want to see anything bad happen but the stuff I've read is not filling me with that warm confident feeling.
If they're late with their checks, that's the end of it for me as a consignor. They've always f****d with their consignors by delaying payment to the end of their 45 day period but to be late on payments as I've heard is the case lately, I would consider a further consignment to them to be a "cheat me once shame on you, cheat me twice, shame on me" situation.
As far as those who have stuff there or have items won and paid but not yet received (as will be the case in a few weeks), I'd file a UCC-1 in Illinois to perfect a security interest in the items. That way if they file for bankruptcy at least you should recover the items expeditiously.
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