Posted By:
John Basilone"I thought it was strange for Doug to say that Mastro Auctions is still in business. If Mastro is still in business and the current auction is actually a Mastro auction, held "in conjunction with Legendary Auction," then the lines between the two companies are really blurred. "
Mastro would still be on Silkroad Equity's books as a non-continuing operation. I'm guessing that there was an agreed upon "transition period" between Silkroad Equity & Doug Allen's group. I would hope that there is language in the sales agreement that Silkroad would be responsible for any future liabilities that could arise from items contracted prior to the divestiture of Mastro.