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#15
07-05-2009, 09:45 AM
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If the rumors I have heard are true, there is another bidder who owes Mastro Auctions about $400,000. If this amount and Dave's amount were paid I would guess that all the consignors could be paid and at least part of this ugly saga put to rest.
One thing I don't understand is that if Silk Road holds an ownership position in both Mastro Auctions and Legendary Auctions why, if the amounts still owed consignors are not too large, doesn't Silk Road advance Mastro the funds to pay off the consignors and lift the cloud off Legendary. Then at least their investment in Legendary might have a chance of paying off. Otherwise, I agree with the other posters who are not optimistic about Legendary's chances of survival. 
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