Posted By:
Jeff LichtmanDoug, thanks for responding.
And Peter is correct: disclosing alterations is well and good as long as Mastro's defintion of 'alteration' is the same as the rest of ours. And while some of us may tend to disagree on whether, say, an erasure of a stray pencil mark is considered alteration, why not just disclose everything and let the bidder decide? The failure to fully disclose all of this information clearly is designed to increase bids under, in my mind, false pretense. Considering the size of Mastro's business and the fact that it has no real competitor, what could possibly be your problem with full disclosure?