It gets worse

Robert Goodale rrg@nevada.edu
Wed, 30 May 2001 23:53:47 -0500


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Billbrpt@AOL.COM wrote:

> Baldwin Piano & Organ Co. Announces Intent to Reorganize Under Chapter
> 11 of
> The United States Bankruptcy Code

No suprises here. I think the writing is on the wall, the company is
obviously out of operating cash.  I heard a rumor recently, (just a
rumor, no confirmation), that Baldwin was unable to complete one of
their payrolls.  Unless there is a huge turn around, (and I mean huge),
I don't see much to be enthusiastic about.  Farewell Baldwin and thank
you for a great 140 years.  Rest in peace, you will be missed.

Thank you Bill for the update.

Rob Goodale, RPT
Las Vegas, NV

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