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Old 06-27-2009, 07:29 AM
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Tom Boblitt
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I think maybe they though the problems of Mastro were the problems of Mastro and they could avoid them in the new endeavor but the consignors of Mastro are/would be the consignors of Legendary and the bidders would be the same, so it's hard to divorce themselves of the issues from Mastro. With Silk Road Equity still involved, it gives us all reason to pause a little too. If it'd been the way it was with Mastro, then Doug, Ron & Brian 'bought the assets' and started Legendary with SRE completely out of the picture we could suppose that they were really looking to move forward away from the past though. It's just basically the same minus Bill Mastro at a different physical location with a different website. So....time will tell. I agree with Barry that it'll be tough to get quality consignments going forward. Without consignments, no bidders, no auction. Hopefully, they can right the ship from the Mastro debacle to get the consignors and bidders back on their side. At one point, we all know what Mastro was....we consigned, we bought, we paid, we got paid, we got the goods. It was a pretty well-oiled machine. I think Doug, Brian & Ron will get that back at some point. They just have to take care of the people like Gary but that clouds the issues of the transition a little though, doesn't it? If they are taking care of the obligations of the former entity, that ties them just a little bit more TO it. Don't know. Tough situation for everyone involved......hope it works out.
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