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What is this and how much is it worth?

U.S. Made. So what's wrong with them that they are so cheap?
They’re fugly. An attempt at a ‘modern’ design that got dated quickly, like pointy-headstock metal guitars. I suppose they’ll be all the iconic rage with the hipsters of 2025(that is, if anyone’s still playing bass, or instruments in general).
 
I've never played one, but from what I've read, it seems the necks were thin and needed frequent adjustment. However that's just hearsay.

The pickguard design wasn't great, but how hard would it be to put a more standard looking pickguard on there?
 
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At least, there seems to be a lot of basses with poplar bodies these days.

Almost forgot about a Cort Action P/J I had that was poplar. Softest wood in a bass I've ever experienced & the only one I had to use TWO toothpick strips in to keep the strap button in.
 
the store sold a couple. Both had chronic neck issues. Excessive bowing the TR couldn't control. Both had factory neck replacements, and the same problems with the replacement necks.

Mine was fine to my recollection, but I was a newb at the time.
I had thought earlier that there might be a reason it was in the trash, but you'd think they'd at least have kept the case.
Maybe it was just a person who decided they'd never play it again & just wanted rid of it ASAP.

Instruments & amps should be treated like books.
If you're not going to use it, pass it along, donate it. Don't destroy it!