Yes, Elwood, the sad news is true... I was hoping it wasn't true but you obviously heard correctly long before most people. I have been a big fan of G&L bassses for several years, I own 2 of them. There was a great old L1000 at the Chicago gathering recently... Thanks to George & Leo for the great instruments & innovations over the years. No disrespect to Alembic, apples & oranges... The best of both worlds.