Not sure if this has been posted..Mastro in the Chicago Tribune

[Matt]

Originally Posted by turtleguy64

That letter writer to SCD did not mention the name of the auctionhouse which received his twice graded cards.Mastronet was not named.That should be clear.
Here is an update on my until now unpaid consignment $ from that last Mastro Feb. auction.Say what you will about Doug Allen ,and he has been getting the brunt of the Mastro association criticism,but he "manned up" and called me on the phone last night to explain the entire Mastronet situation and how it applied to Legendary.I personally returned to him the current Legendary Aug. catalogue with my personal note relating my until now great relationship with both companies, my waiting period for the $.He spoke to me for a good 35 minutes covering the entire history of the dissolvement of Mastronet,shilling accusations,what looks to me like a fishing expedition by the FBI, and start up of Legendary.The guy has always been straight with me .To tell you truth I KNEW he would call after getting my letter.He is that type of stand up guy.He has taken some shots , a lot unfair.Is it guilt by association?We cannot say for sure but I give him props for calling me and clearing the air.

Did you get your $?

[turtleguy64]

No $ as yet but my conversation with Doug Allen was just Monday evening .As Andy Dufrene said in Shawshank Redemption,"You 've got to have hope."

[calvindog]

Did his nose at least grow during the conversation?

[turtleguy64]

We are a country all about 2nd chances,no?Ya gotta have faith and the hope that people will in the end do the right thing.Witness the Michael Vick situation.

[Peter_Spaeth]

So the President of Mastro justified to you why you haven't been paid for a consignment to a February auction, and you are giving him credit for being forthright?

[calvindog]

Originally Posted by turtleguy64

We are a country all about 2nd chances,no?Ya gotta have faith and the hope that people will in the end do the right thing.Witness the Michael Vick situation.

Problem with your comment is that Mike Vick accepted responsibility for his actions, plead guilty and did time for his crimes. Doug Allen still maintains he's the victim of a card-hating government hell-bent on destroying the cardboard dreams of many a men.

[Peter_Spaeth]

If Legendary really BOUGHT Mastro's assets for fair value, and it wasn't a shell game, why can't Mastro use THAT money to pay consignors?

[Sean_C]

I wonder what kind of salary Doug is making as the president of Mastro (or whatever that company is named now) to go along with his salary as president of Legendary.

[RichardSimon]

Originally Posted by Peter_Spaeth

If Legendary really BOUGHT Mastro's assets for fair value, and it wasn't a shell game, why can't Mastro use THAT money to pay consignors?

You are actually asking him to do the honorable thing? You should know better than that .

[birdman42]

Originally Posted by Peter_Spaeth

If Legendary really BOUGHT Mastro's assets for fair value, and it wasn't a shell game, why can't Mastro use THAT money to pay consignors?

Peter,

I've wondered that myself. If Legendary bought all of Mastro's assets, that would include their accounts receivable. So nobody owes Mastro any money; it's all owed to Legendary. And Mastro either had the cash to pay out, and they should do so, or they don't have enough cash, and they're hoping some people go away that they can pay the ones left.

No dog in this fight.

Bill

[Jim VB]

Originally Posted by turtleguy64

No $ as yet but my conversation with Doug Allen was just Monday evening .As Andy Dufrene said in Shawshank Redemption,"You 've got to have hope."

Too bad you can't use "hope" to pay the mortgage or utility bills!



Edited to add: Will he issue you a "hope" credit to be used in his next auction?