All That Shreds Magazine has learned from Washington State Regulators that Lance Benedict has told them that TTM Guitars, LLC plan on closing up shop effective 8/1/19. In the email seen below, Benedict emailed State Regulators to respond to their inquiry investigating the illegal franchises that he’s been offering without being properly licensed. Benedict also stating that several things can happen. He could file Bankruptcy as he did in 2012 under the TTM Guitars, LLC name for protection from having to follow through on any pending orders or debt he has accumulated while trying to revive his brand from the previous failed attempt. Benedict Announced that he’s taking orders for 2020 and his Washington State Franchise site is still up even though he’s told state investigators there is no franchise and TTM is supposed to close 8/1/2019. Is he lying to Washington State Authorities? Is he really not closing? This is a developing story. We will continue to provide any additional newsworthy coverage.