Mike,I'll try to put it for you in a nutshell as related to me by him and I sincerely hope I get it right.If I don't,then I owe someone an apology:company purchasing Mastronet ran into difficulties and had to cut loose of Mastronet as an asset,bank note came due (a very,very large one).Banks note had to be honored.Let me interject here-a very good friend with connections in Mastronet warned me not to consign anything else to them as these difficulties were coming to fruition.Next point,the Dave Forman refusal to pay the 400 thou on items he won from that Feb. auction really created pressure on Mastronet to pay it's consignors.Had he paid,every single consignor would have gotten their money and we are not even discussing any of this today.Okay,Mike,I am out of steam but that is the crux of my conversation with Doug.Believe what you will,to me it became a perfect storm and the economy being what it was in Feb. probably didn't help,especially with attempts to borrow to try and resolve all the $ problems.But that's my theory,not someone else's theory.
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