A call to Kruse and a Promissory Note

29 Jan, 2010 in General by
I talked with John Koslowsky the other day, he seems like a good guy but not much help to me.
He told me NO MORE RUBBER CHECKS!!, the accounting staff had no clue if they had money to pay sellers, so I guess they send them out anyway.
He told me he was trying to get this mess resolved and keep Dean Kruse out of the daily workings of the company, he said Dean is busy trying to raise money to pay the sellers. This is funny when I get a letter that is a promissory note that pays 6.5% interest, until paid off on or before September 20 2010, that would make it over a year to get my money, I don’t think so.

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Kruse Downgraded to “F” with the Better Business Bureau

28 Jan, 2010 in General by

 Jason Debourd published an article on Septemeber 2 2009 listing some of the issues facing Kruse international auctions at with the fact that Kruse has failed to make timely payments if any to consignors on sold goods, Owner and CEO Dean Kruse has commented on the current situation stating that there is a cash flow issue, however we have seen no resolution and the BBB (better business bureau) still has 24 unresolved complaints with Kruse International prompting the lowest possible score from the Bureau of “F.”

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Suspended Buisness License

28 Jan, 2010 in General by

The Journal Gazette.net  has run an article outlining the cause of suspension of their buisness license in Arizona after an investigation the the department of motor vehicles. The article covers several areas of interest concerning Kruse International.

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Kruse finacial woe’s

26 Jan, 2010 in General by

On Novemeber 19 2009 autoweek.com posted an article concerning Kruse International and the companies current financial situation. First on the list is the order by a local court in Auburn, Indiana to pay 1.3 million dollars to an Indiana bank, while a leasing company has requested a federal judge to repossess Kruse’s 1985 cesna jet valued at 3.5 million dollars. The article contains even more information.

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Settlement from Jackson

18 May, 2012 in General by

This is an update for “Barrett Jackson in the press” apparently there has been a settlement in the case, where the plaintiff has exonerated Jackson’s company for any and all wrong doing. Details of the financial terms of the settlement were not disclosed. <—– Interesting.

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