it's called "DEFAULT" guys

Tom Hodgin · Post by **Tom Hodgin** » 5 Nov 2001 7:28 pm

One last time: Acoyth bought Emmons from Lashley Sr., Acoyth defaulted on his payments to Jr. and Jr. took back the company. Simple as that..as for the fine print, the attorneys are working that out..
This thing will take some time to finalize..til then Ron jr. and his wife are working long days and into most nights trying to get caught back up, and the new orders are coming in daily..
Emmons Guitars has tried to set the standard for SG's from day one, and will continue in the future...as for you Mr. Donovan, to imply that the honesty of the Lashley's is suspect, is unfounded and unfair..*so sir, I guess you will have to settle for 2nd best, elswhere..*(my opinion) tom

bill ramsey · Post by **bill ramsey** » 6 Nov 2001 2:58 am

u go tom. tom is one of the finest steel guitar players in the area of the emmons co. im sure he stays in touch with them as he plays an emmons, and very well too. hope to see u soon tom. best to your family. bill

Tony Prior · Post by **Tony Prior** » 6 Nov 2001 3:45 am

Be patient fellow players, Ron Jr. and his wife are putting it back together. I visited Ron Jr. and his wife and they are the real deal.

TP

Steve Stallings · Post by **Steve Stallings** » 6 Nov 2001 7:11 am

Why this post? The gentleman who was wronged says that he will be getting his guitar. I just wish that EVERYBODY would leave it alone. BTW....this is the first post I've seen which implies that Ron Lashley Jr. has been the real owner all along, with Aycoth making payments. Default is much different than filing bankruptcy.

I don't think anyone wishes the Emmons company bad. I know I sure like both of my Emmons guitars and hope that the company can get back to normal. I think folks were just concerned about some poor picker falling through the cracks and losing his money...as well as his dreams. Regardless of Ron Jr's liablility, it placed the company somewhere between a rock and a hard place.

Now....I reiterate my initial question....what possible purpose did this serve by refocusing attention on this issue?
I suggest we just all chill.

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Steve Stallings
Bremond, Texas

Bob Carlson · Post by **Bob Carlson** » 6 Nov 2001 8:03 am

So Acoyth was buying It from Ron Sr. When he passed away, Ron Jr inherited the by out contract from his father. Acoyth defaulted on the payments, so Ron Jr Is now the owner.

You are so right, default Is much different than bankruptcy. If Acoyth had filed BR he would be clear of all debts of the corporation. But now?

But as you stated, the lawyers are working out the details. They got there work cut out for them!

Hope It all works out for Ron Jr, because he's In a mess that wasn't of his doing. Thanks Ron, for letting us, In a round about way, of knowing what happened.

Bob Carlson. <FONT SIZE=1 COLOR="#8e236b"><p align=CENTER>[This message was edited by Bob Carlson on 09 November 2001 at 09:46 AM.]</p></FONT>