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THE DEBT We considered the possibility of trying to get free of all our contractual obligations and discovered that  the only way that could be considered as an option would be if we were able to pay back all the monies  that had been advanced to us. This was in the region of £10,000 which was a huge amount of money  and there was no way we could have raised that amount.   If we continued as a band we would always still be obligated to repay the £10,000 to our record  company etc. We concluded that the only way in which we could avoid having to pay back this money  was for us to dissolve the band.  MY STORY ENDS As if that prospect wasn't bad enough, to do so would result in us having to return all the equipment that  had been purchased by the record company on our behalf. This included a huge PA system, a Gibson  Les Paul "Black Beauty", a Rickenbacker Stereo bass guitar AND my Gretsch drum kit.   Steve and Robin had retained their original guitars so the return of the 'new' equipment did not really  cause them any problems.  However, as I mentioned earlier, when the Gretsch drum kit had been bought for me, I had sold my  Premier drum kit and had ploughed the money back into the 'kitty' which by now, had completely  dissolved.   Consequently, if the Gretsch kit were to be returned to the record company, I would be left with no  equipment of my own and no money to buy any replacements. We decided that given the hopeless  situation in which we found ourselves, there was no other option available to us.   We dissolved the band and collectively said farewell to our dreams. I think that today, it would be  unlikely that a group of musicians would find themselves in a similar situation. And, even if they did,  there would probably be ways available now to ensure a fairer resolution of the problem. 
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