Mastro consignors not paid yet?

[calvindog]

I see. So consignors will have to wait to get paid until after two years of litigation, unrelated to the consignments which were sold and paid for, is completed? Nice.

[barrysloate]

I knew about this fact but I was told it in confidence. I agree with Jeff that Legendary can't wait until these matters are litigated before paying all their consignors. They have to find a way to get some cash quickly.

[jmk59]

Originally Posted by calvindog

I see. So consignors will have to wait to get paid until after two years of litigation, unrelated to the consignments which were sold and paid for, is completed? Nice.

Unless one of the people that owes them so much money were to declare bankruptcy. Then it wouldn't even be two years. The whole thing might cave in if it's teetery enough now.

[illini805]

What is amazing to me is that there are still people that are probably consigning to them as we speak. Unreal.