[Hostage]

Yes, that raid was outrageous. I can’t recall the pretext used for the raid but it became evident afterward that Obama’s thugs wanted a pound of flesh out of the CEO.

What was the Obama pretext?

Also, the company should have been able to recover as their guitars are some of the finest ever crafted. Might be good to go through BK and emerge with a cleaner balance sheet.

[Hostage]

Lacey Act was a load of crap. It was something else about wood or maybe the wood fell under Lacey; can’t remember.

This is one of America’s finest producers of musical instruments and accessories. I hope President Trump will have someone from his administration look into it and see how the company can be set back on track.

[bigbob]

Problem is, other creditors will get screwed but BK does not reduce any taxes or penalties owed to the government. They get paid before anyone else.

[MarkL]

Martin and Fender used the same wood from the same sources. The only difference was the CEOs' political leanings.

Also, the company should have been able to recover as their guitars are some of the finest ever crafted.

While Gibson has a long history of fine instruments, in the last few years, many instruments shipped from the factory have been of lower quality. There have been a lot of YouTube videos and blog reports of people paying thousands of dollars for a Gibson guitar that needed complete setups or even major repairs.

Mark

[Jacquerie]

IIRC, it involved the importation of certain wood from Madagascar. Just another example of pure lawfare, felonies committed by the DOJ under color of law.