Cory-my take on reader's digest version
Company went from higher margin products to lower mass market approach.
Mark bet big in Columbia and lost his *** converting a furniture factory into a speaker factory and due to a fluctuating US dollar. In the meantime, he lightened up in China. Mark thought he could make the LS for a profit, but is probably giving away money every time he delivers one. Columbia never made near initial expectations and margins went south.
Add Columbia build up+the yields being NO WHERE near estimates+trying to satisfify all + living large+ and falling behind on lots + issues with QC, crappy part substitutions in China for the big electronics return, ergo ALL = Major MLS train de-railment.
AV123 is probably going to survive, but in a smaller way and with reduced product line. MLS is a good guy who is digging himself a whole his body is not able to climb out of.
He tried to hit one out of the park, but went down swinging, and the fans are just as shocked and in disbelief. But the old slugger will be going back to spring training and trying and get in shape for next season.
PM
Seems like this thread lost its focus. Everyone should read nhpm510's post. I think he is right on the money.
I ordered an MFW-15 from Mark, as part of the Columbia deal, in April of '08, and didn't get it until October of '08. I was supposed to get it within a couple weeks.
I watched this whole saga unfold on the AV123 forums, as I waited with baited breath to see if my MFW-15 would ever arrive. Well...it did. It was cheap, and Mark never charged me for shipping. There is no way he made any money off the sub he sold me. Maybe enough for lunch at Taco Bell, but not enough to sustain business.
He was losing money big when the value of the dollar dropped against the Peso.
It sounds like the hole he was in last year is turning into a pit. That's a bummer, because I think he had good intentions. He was very direct and honest with me on the phone, but he is also overly optomistic.
Also, you folks should be clear about what your complaining about. Deals through MLS should not be treated the same as deals through AV123. If you didn't shop on the AV123 website, put speakers in the shopping cart, and then check out...then you probably paid MLS through PayPal, like I did...which is not a AV123 purchase. Regardless of the name of the company, any PayPal payment sent to "anybody"@mac.com...is not dealing with AV123.
I sure hope MLS delivers on the orders I've been reading about on this thread. Some of you poor b@stards have sunk a LOT of money into his good intentions.
Even after reading this entire thread, and from my personal experience with unknown wait times, I would still buy from AV123. But only if I got them on the phone, and had some assurances about when my order would be shipped. I have been extremely pleased with my MFW-15, and would still consider other AV123 products...but only from AV123 (I don't know about pre-orders though...makes me nervous).
Unfortunately, I wouldn't buy straight from MLS, because frankly, he isn't dependable with his health failing, and he doesn't have a backup plan for when he is out of commission. The unknowns, and the waiting is too stressful for me.