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The letter does not say Chapter 7. It says "ABC...as an alternative to Chapter 7." Big difference. Regardless, anyone who send them money now is simply stupid. And if your unfilled order is outside the time limits for a chargeback, which vary but won't exceeed 3 months, you are probably...

We don't know. They may have a viable restructuring plan. Often companies need to take this step to shake the creditors or force them to take a shave. We also don't know if Matt isn't buying the assets himself, or some proxy.

That bandcamp page is a French importer. CD Japan have the description coming from the record label. I would rely on that. These are all out in Japan late June.

No doubt the list is not correct. It is entirely possible that a few titles were pressed, packaged and ready to go, and are sitting at the pressing plant awaiting payment. If so, it would not be surprising if a few copies slipped out through the pressing plant back door. I'm not too familiar...

From what I understand everything is done except the actiual pressing. Lacquers have been cut. I think even the sleeves are done. Yes, the actual pressing is the thing. But with everything else done, it will happen - by someone. Note that of all the titles listed as 'delayed', ALS is the...

I would expect that everything on their Production Calendar showing as "delayed" will never see the light of day. However, alone among the 'delayed' titles is the Coltrane box, which has been mastered, lacquers cut, plated and may even have been printed. It has not been pressed yet. So, if...

Or, in more cases, people are posting online because they are seeking validation, others who will tell them they are perfectly right and assuage any guilt ot misgivings they are feeling. Another frequent reason is to, by expressing their anger/disappointment, they will cause the subject of...

I think you did say it much better than me, thanks. Sorry, but it really gets under my skin when I see the entitlement of some collectors. They were going to send the original set back to VMP to be replaced with a new sealed one. But that causes VMP to trash a $400 set, they can't sell it...

Awwww.....let's get a 'I paid for it with my hard earned money and I expect it to be perfect' in while we are at it, huh? And for EricJ32...he got EXACTLY what he paid for. A set of records, and a slipcase. One part was damaged - the slipcase. They replaced it. THE END! Or...Los Endos!! Get a...

So just so I understand...we have a failing company here barely hanging on - many of us are hoping they can sustain themselves long enough to produce a few long awaited titles, many of whom we have pre-paid for and may never see our money back for - and you want VMP to swap for an entirely new...

Depends. If the decision to terminate had been made prior, there is a strong argument for going ahead. If the complaint can be seen legally and morally as an attempt to evade a dismissal, it doesn't matter if it is three days or three months. If the employer feels the relationship has become...

Generally, no. Wrongful dismissal, human rights, employment related litigation isn't usually insurable. Particularly today. It has become all too easy, and all too common, for those who can get away with it to claim 'discrimination' when terminated to elicit a higher payout. It often works...

Being a tax deductible donation only matters when the business has actual taxable net income to deduct against.

Soon to be a collectors item.

I think it was a feint.

UPDATE: I heard today that everyone was let go, except Matt and one other. Storf was let go at the same time Paul was. You don't have a 'going concern' with two employees. Particularly when one is the CEO - the most useless employee at this point. VMP is no longer a going concern. Right now...

And I said it TWICE.

MikeH is absolutely right. It has been clear for awhile. There is only one reason for the absurdly lengthy production delays. THEY ARE ON C.O.D. AT THE PRESSING PLANTS AND EVERY SUPPLIER. Or worse - they have to pay up front for the whole order. That causes them to lose at least 3 months cash...

Paulie was their last and best online defender. Letting him go was inevitable, he probably knew that. It's gotta be the walking dead at VMP now. As the cash flow dwindles and the liabilities add up, every time a payroll comes around they have to decide who they can still afford and who they...

There are no launch dates. I believe their cash crunch is so severe they are on COD at pressing plants. So they need to move stock to get funds to get anything pressed. That's why release dates are a constantly shifting target. I also noticed a lot of preorders suddenly going to...