I tried their email and as pointed out earlier it is bouncing back so as least two modes of contact are no longer active.
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Is Modulus still in Business?
- Thread starter Baird6869
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I'll also add that I've tried Joe's personal e-mail address at Modulus several times since March, as I had a parts order in with him. When I sent it in March, the e-mail went through but wasn't responded to. When I tried him again last week, it was returned to me as undeliverable...
+1
I made this comment earlier in this thread, and it seems to have been deleted. The average endorser will not have any inside information, or be involved in any way with the day to day operations of the company. They might be in a position to hear a little gossip, but it's unlikely.
+1
Joe and Anderson know exactly what is going on as do the few people that worked for Modulus when this went down. Actually, Joe for sure, not sure about Anderson as it has been a few months since this mess started.
Anyone thy says that Modulus has been operating as normal all this time is deranged. Restructuring? Selling? These are the only 2 potential good news options IMO.
You worked in purchasing or at an executive level and had direct knowledge about such things?
This getting to be like that Twilight Zone episode where the aliens start turning lights on and off in a small neighborhood. No one knows what's going on, so they start turning on one another and questioning everything everyone else is saying.
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FWIW if we are taking bets:
1. Joe P has left the Company and wants to start a new business, possibly because of some kind of falling out / disagreement with his partners / shareholders.
2. The business is going through issues with IP at the moment and can't produce Modulus brand basses until its resolved.
3. The end result may be the "existing" company resurfaces (perhaps with another brand name) and Joe P resufaces with a new bass building venutre that is not significantly different from Modulus.
FWIW if we are taking bets:
1. Joe P has left the Company and wants to start a new business, possibly because of some kind of falling out / disagreement with his partners / shareholders.
2. The business is going through issues with IP at the moment and can't produce Modulus brand basses until its resolved.
3. The end result may be the "existing" company resurfaces (perhaps with another brand name) and Joe P resufaces with a new bass building venutre that is not significantly different from Modulus.
edwinhurwitz
Supporting Member
Sounds reasonable. I just hope someone continues to make TBX style instruments and can service the old TBX basses.
- Apr 1, 2000
- 17,398
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- Disclosures
- Endorsing Artist: Roscoe Guitars, DR Strings, Aguilar Amplification
If they were folding, we'd know already. If that changes, I will or an endorser will let you know. So chillax
Do you work for or endorse Modulus? I'm curious how you'll let us know if you aren't connected to the company...
Apparently, Modulus took a huge hit when MARS went belly-up as they had a huge inventory on hand. The local MARS blew-out stuff left & right...bought a new Genesis 5 for a grand. I called Modulus a few months later re: some non-critical issue and they confirmed this. In a sense of resignation, they did say they were happy some instruments made it into the hands of musicians who would not have been able to afford them, otherwise.
I wish them well!
Riis
At my MARS they jacked up the prices and then started the 10%, 15%, 20%, 25%, 30% game. I was watching a VJ bass but it went very early, possibly for higher than it was originally selling.
It's odd that suppliers are considered unsecured creditors and get what's left over from the liquidation. You would think that since they're liquidating the gear that they supplied they should be a little higher up in the chain of creditors. But, IANAL and don't play one on TV.
Still kicking myself for selling my FB5, was just fed up trying to get in touch with someone, anyone to deal with a repair.
It's odd that suppliers are considered unsecured creditors and get what's left over from the liquidation. You would think that since they're liquidating the gear that they supplied they should be a little higher up in the chain of creditors. But, IANAL and don't play one on TV.
Still kicking myself for selling my FB5, was just fed up trying to get in touch with someone, anyone to deal with a repair.
He's their #1 dealer...and an awesome guy/dealer.
So Tony, any chance they will restructure themselves into offering the fable 34" Q4?
4. They don't care about customer service. They are too big to fail. They can afford to blow off customers because sales have been/continue to roll in.
Of course I'm not serious. But being in marketing for a living, this thread would be my company's worst nightmare. "The customer can't get a hold of us" and no one from Modulus is commenting here trying to put out the fire.
Maybe they make great basses, but their CS appears to be lousy.
Mars Music was 12 years ago! I'm not sure they were to blaim. MM was a disaster from the beginning... Modulus has had quite a good run.
Whether they went out of biz, they're going out of biz, planning to restructure their biz, or whatever.. One thing i know is what they are doing right now is extremely BAD BIZ. Modulus is showing their customer base that they only care about themselves and not the people who they've been making a living on for decades - by ignoring everyone, canceling email accounts, not answering the phone, and staying silent on threads like these. That's pathetic. Grow a pair Modulus and let the people who have supported you know where they stand. Or just ignore everyone because its to hard too come out and let the public know what's going on.
I noticed that many consignment situations with inventory, tend to go back to the Manufacturer. I thought I would be slick and buy a new Stihl Backpack blower when our local ACE hardware was closing, but all their Stihl merchandise was full price, and any unsold items went back to Stihl.
Eden disappeared for a while when David sold it to U.S. Music. They seem to have recovered.
I hope so. Tired of crappy companies. How can you expect to stay in business in this economy and not have great service?????? Stupid.
You know guys, it seems premature for someone to alter the Modulus Wiki materials.
Additionally, during bankruptcy proceedings all of value (including the business name) is sold. In the case of a sale the name is purchased. In the case of a restructuring, the name is (at least generally) kept. It is thus highly unlikely that in the long run, the name Modulus will disappear. So for you Modulus enthusiasts: Unless the name is buried or otherwise purposefully not re-applied, the name Modulus associated with a music industry company will most likely re-surface.
Additionally, during bankruptcy proceedings all of value (including the business name) is sold. In the case of a sale the name is purchased. In the case of a restructuring, the name is (at least generally) kept. It is thus highly unlikely that in the long run, the name Modulus will disappear. So for you Modulus enthusiasts: Unless the name is buried or otherwise purposefully not re-applied, the name Modulus associated with a music industry company will most likely re-surface.
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