Jerry, that sounds like the Emmons student model GS-10, also known as a "Black Rock", or maybe "Black Sheep" . Definitely a cheaply made guitar, but probably worth $400 for it's name alone in most people's opinion (after all, it is an "Emmons"). The changer's decent, and there's no such thing as a guitar that can't be modified from E9th to C6th, it's just a little more challenging when parts are welded or incomplete!
As far as the S8+4 Multi-Kord, I was following one on one on ebay that went for almost $600. It was a nice example, but I wasn't prepared for that kind of price! Guitars are "worth" exactly as much as some fool will pay, and there's no shortage of fools, evidently.[This message was edited by Donny Hinson on 28 June 2006 at 05:38 PM.]