Forwarded Message:

• From: pianobook@aol.com         To: ALL                      
 Subj: Re: Mason & Hamlin        Area: 0-rec.music.maker   Date: 04/26/95
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•Concerning the request by Mason & Hamlin that its bankruptcy filing be
changed from Chapter 7 (liquidation) to Chapter 11 (reorganization):

This happened because a Boston-based piano rebuilding company, Premier
Piano, says they have purchased the controlling interest in the company
from its former owner Bernard Greer.  They are trying to get financing
together to reorganize the company.  Although there is a possibility this
will happen, insiders say that it will take more capital and business
know-how to restart the company than Premier is likely to be able to
obtain, and that even under the best of circumstances, it might be hard to
make the company profitable.  Of course, I hope the "insiders" are
wrong--it wouldn't be the first time.

The situation is made more complicated by the fact that during the year or
so before M&H went out of business, there were a number of odd financial
deals made and it is not entirely clear just who owns how much of the
company's assets.  Probably the receiver appointed by the bankruptcy court
will make this determination, if necessary.

Larry Fine

PianoBook@aol.com