Fw: What'd I tell ya?

[Kevin E. Ramsey]

    This is a letter from a representative of the Baldwin Piano Co..
    I'll help Baldwin as long as they're around,, but I will understand if
they fail.
    It all boils down to poor management.
I really hope that this mess will come out right in the end. One thing that
the dealer said in his letter; "Go Bob Jones!" God Bless you if you can pull
it off, we can really help, if you only will listen for once.
    I really hope that by filing Chapter 11 that the company will have time
to re-think things.

    God Bless Jim Hamblen! Go Jim!


Kevin E. Ramsey
ramsey@extremezone.com
----- Original Message -----
From: "Jim Hamblen" <jim.hamblen@bpao.com>
To: "'Kevin E. Ramsey'" <ramsey@extremezone.com>
Sent: Friday, June 01, 2001 7:50 AM
Subject: RE: What'd I tell ya?


> Kevin,
> Thanks for the kind words and I want you to know this will let us get back
> on the right track.
> LIVING BY FAITH!
> Jim Hamblen
>
> -----Original Message-----
> From: Kevin E. Ramsey [mailto:ramsey@extremezone.com]
> Sent: Wednesday, May 30, 2001 9:26 PM
> To: Jim Hamblen
> Subject: Fw: What'd I tell ya?
>
>
>     Jim, I hope this doesn't find you too severely impacted. I know that
God
> looks out for his own, but still, sometimes he tests us.
>
>
> Kevin E. Ramsey
> ramsey@extremezone.com <mailto:ramsey@extremezone.com>
> ----- Original Message -----
> From: Billbrpt@AOL.COM <mailto:Billbrpt@AOL.COM>
> To: pianotech@ptg.org <mailto:pianotech@ptg.org>
> Sent: Wednesday, May 30, 2001 8:14 PM
> Subject: What'd I tell ya?
>
> Baldwin says to reorganize under chapter 11
>
>
> MASON, Ohio (Reuters) - Piano maker Baldwin Piano & Organ Co. Wednesday
said
>
> it intends to file for bankruptcy protection under Chapter 11 of the
United
> States Bankruptcy code partly because of a liquidity squeeze.
>
> Liquidity and other problems made the operation of Baldwin, as presently
> defined, virtually impossible, Kenneth Pavia, the company's chairman, said
> in
> a statement.
>
> He sited "disproportionate" severance agreements, excessive inventory,
> excess
> administrative expenses, internal control issues and excessive executive
> compensation as being among the company's problems.
>
>
>
> Bill Bremmer RPT
> Madison, Wisconsin
>