NSF

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dorkrockrecords
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NSF

Postby dorkrockrecords » Wed Dec 28, 2011 1:35 am

We've all heard tales of Mosrite's financial woes: bankruptcy, fire, even pawning instruments fresh off the assembly line to make payroll or keep the lights on. Unfortunately for one Andy Smith, Uncle Semie failed to make payroll at least once, and here's the proof.

Image
above: bounced check in the sum of $91.74, signed by Semie Moseley and John Rutledge

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Re: NSF

Postby jfine » Wed Dec 28, 2011 2:31 am

Wow! What a shame--that's not a good way to keep a happy and productive bunch of employees. April '73--that was about a year before i bought my Mosrite 350.

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Veenture
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Re: NSF

Postby Veenture » Wed Dec 28, 2011 5:17 am

Very interesting. Thanks for sharing this!

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dubtrub
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Re: NSF

Postby dubtrub » Wed Dec 28, 2011 10:39 pm

I see the second signer on the check is John Rutledge. Artie said he stopped by Front Porch Music a few months back although his health is failing badly.
Danny Ellison

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oipunkguy
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Re: NSF

Postby oipunkguy » Thu Dec 29, 2011 1:59 am

didnt mosrite go bankrupt in 74? right before the "new" mosrites began showing up?
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Aaron
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Sarah93003
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Re: NSF

Postby Sarah93003 » Thu Dec 29, 2011 6:26 am

I think I recall that Mosrite filed for bankruptcy in February, 1969. Thereafter was the periord when the assets were auctioned off and Semie and Andy were able to get some of the things as well as friends and family.

A look at the Federal Bankruptcy records shows another bankruptcy of Mosrite on 6/1/1994 filed in Fort Smith, Arkansas which was terminated 3/8/2002 although the proceedings had pretty much ended by November 1994. The "party" was Unified Sound Association, Inc. There was a motion to extend the automatic stay to include Loretta Moseley and the Estate of Semie Moseley and that motion was denied.
____________________
1965 Mosrite Celebrity Prototype with Vibramute
1972 Mosrite Celebrity-III
1977 Gibson MK-53
1982 Fender Bullet
1994 Gretsch Streamliner G3155 Custom
2005 Gibson Les Paul Standard Plus
2006 Jude Les Paul 12 String

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oipunkguy
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Re: NSF

Postby oipunkguy » Sat Dec 31, 2011 1:41 am

Sarah, you are so hopeful to the forum with your legal background :D
Cheers,
Aaron
Facebook.com/aarons.guitars

"Politicians are like diapers; they need to be changed often and for the same reason."
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Re: NSF

Postby Haole Jim » Sun Jan 01, 2012 9:05 am

Amazing, how "deep" the legend of Mosrite is and continues to evolve. Thank you.

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Re: NSF

Postby MOSDAN » Tue Jan 03, 2012 4:45 pm

Wow- this is a great piece of Mosrite history. Sarah-your legal additions are masterful and very informative and you are a fabulous asset to this forum. Thank you so much for your input, Sarah!


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