That is indeed true.
I had the proofs for a long time but they got lost when i closed my music shop and moved everything to another. Hank booked the photographer and was then left to pick up the bill!! The firm was run by a guy named Tony Gypp. Him and a Rep delivered two guitars to my shop and we asked how much discount for cash. They said 'is it real cash' and when we said it was they knocked 40% off!! We gave them the money and they split it outside the shop, went off in different directions and I never heard from the company again!!