So now we finally have a statement, of sorts, from Dave Bulmer. Whether it's entirely truthful is moot (and it certainly fails to address some very important questions, most particularly whether or not royalties are being paid), but you'll probably have to wait a little while for a response from those of our correspondents who are directly involved. Dick Gaughan doesn't post here, which is a pity as his name is being taken in vain.

Be patient. The people who had their recordings bought from over their heads have had to be.