Michigan resident John LaBallister may be stuck in a pipe dream; he wants to purchase the Gibson Guitar Corporation. How does he go about doing it? Starting an Indiegogo page, a crowd funding website, to reach his $22 million goal.
LaBallister is not happy with how Gibson is running their company. He was recalling a particular event that started his desire to acquire the company. Back in 2011, Gibson was charged with violating the Lacey Act, a century-old law prohibiting the import of unfinished wood. They eventually went on to settle out of court and paid a hefty fine. LaBallister went on to claim that they “suffered decades of mismanagement” and wants to bring the manufacturing plant to Kalamazoo, Michigan.
“Once the Gibson guitar brand has been acquired, we will then approach the Heritage Guitar Company of Kalamazoo, Michigan, and ask them to become partners under the new Gibson brand,” claims LaBallister, “Upon agreement, Heritage Guitars will dissolve it’s own brand, and thereby become the core of what it used to be – the ‘Gibson Stringed Instrument Company.”
After recently failing to reach his goal he cancelled the funding page.
There are lots of complaints about the choices that Gibson president Henry Juszkiewicz is making for the company, but this is by far the most dramatic response we’ve seen to this.
To see his funding page: