Vinyl Me Please (store, exclusives, swaps, etc)

TrainFan73 said:
There is nothing in the article that would lead me to believe it has shut down.
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At this point sunk cost is gonna get the plant up and running. The question will be if VMP adheres to its goals in audiophile quality facility or if the new guys running the show cheap out or offload the plant all together to another company. Lots of question marks but I don’t think shutting down makes sense at this point in the process.
 
grendel627 said:
Not sure that's the take here. Sounds like those guys were just a little too passionate about the plant and basically committed fraud to try to keep it going. I'm not an attorney, but if what is alleged is true, I wonder whether they've left themselves open for criminal prosecution, too.

I have to say, I've certainly been confused about the relationship between the plant and VMP. Everything VMP sends out makes it sound like it's "their plant."
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It was on the front of their magazine a month or two ago
 
bdm105 said:
Anything interesting being said on the discord?

Private equity! Profits over art (even though if you do it right you can have both)

I assumed those sales was for a warehouse move to the new factory but maybe it was for cash
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nothing interesting really. mostly non-lawyers speculating on stuff. although somebody did say the only record that might come out of the VMP pressing plant is the court record lol

also, a buddy who is a lawyer said: "Everything Cam said about the plant and making it seem like it was VMP was pretty out in the open. Is the board claiming they didn’t know about it? That they weren’t tracking VMP’s finances over the past several years?"

I'm not a lawyer, but to me, this seems like a case where VMP is underperforming and the board wants someone to blame. Cam starting the plant and sinking a ton of money into it while outside investing fell through probably made it easy. We'll see once some more formal documents come out.
 
MikeH said:
nothing interesting really. mostly non-lawyers speculating on stuff. although somebody did say the only record that might come out of the VMP pressing plant is the court record lol

also, a buddy who is a lawyer said: "Everything Cam said about the plant and making it seem like it was VMP was pretty out in the open. Is the board claiming they didn’t know about it? That they weren’t tracking VMP’s finances over the past several years?"

I'm not a lawyer, but to me, this seems like a case where VMP is underperforming and the board wants someone to blame. Cam starting the plant and sinking a ton of money into it while outside investing fell through probably made it easy. We'll see once some more formal documents come out.
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Lol that's a great line. I'm with you for the most part. Time will tell
 
Melt Face Molly Drop said:
How does anyone follow the discord general chat, it’s 75% reaction gifs. We used to be a proper society.
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No need to. The essential info eventually filters through to other places (much to the chagrin of the discord loyalists).

EDIT: though to your point, it does mean that *someone* needs to follow the general chat and provide this service for the rest of us.
 
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