Scott's Shipping Services - FORMERLY UNDER "POSSIBLE LIQUIDATION"

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A friend of mine pointed out that in the screenshots that I was sent via mail.
  1. There was no date on the order form
  2. The one looks suspiciously like the basket, the payment option is available as radio button
  3. Is the voluntary liquidation even real
  4. He said he would post on the thread some more details. He hasn't.
  5. Then he said we needed to email info@scotts for the details. I emailed. Still waiting.
  6. Someone on the carbonite forums was able to start a payment and got all the way to NetCash screen, Yesterday
 
giraffe-saddle said:
A friend of mine pointed out that in the screenshots that I was sent via mail.
  1. There was no date on the order form
  2. The one looks suspiciously like the basket, the payment option is available as radio button
  3. Is the voluntary liquidation even real
  4. He said he would post on the thread some more details. He hasn't.
  5. Then he said we needed to email info@scotts for the details. I emailed. Still waiting.
  6. Someone on the carbonite forums was able to start a payment and got all the way to NetCash screen, Yesterday
Click to expand...

post the carb link
 
sjm said:
Whoever is managing the liquidation (can't remember what they're called, in banking it would be a curator) could decide to carry on selling the batteries, if the battery stock is available and they determine that it is the best way to convert them to cash. They would have to be satisfied that the company can fulfill all its obligations related to the customers (so for instance, if the batteries are in Amazon's warehouses, Amazon will handle fulfillment and the company just gets paid the proceeds then they should continue selling the batteries to get more money). They would however need to make sure that customers are aware of the business conditions surrounding the sales (i.e. that the company is being liquidated, what that means for warranties etc) but if they can sell to fully informed customers, it would be their duty to do so.

They need to maximize the money they can make from the available assets, so as to be able to pay back as many creditors as possible.

I'm not sure if this is what's happening or if this is just a case of the battery sales not having been taken down. Keeping them on sale is not a decision that Scott should be making, it's a decision that the curator(s) should make once they have a full handle on everything.
Click to expand...
LOL. WHAT?

Stock in Amazon's warehouse belongs to Amazon!


My guess is that they were never paid for, money received notwithstanding, so that puts paid to this option.

ALL assets will be disposed of and the income from it would be used to pay SARS first - thereafter the liquidators, and the rest will be divided amongst the creditors.
 
Supervan II said:
LOL. WHAT?

Stock in Amazon's warehouse belongs to Amazon!


My guess is that they were never paid for, money received notwithstanding, so that puts paid to this option.

ALL assets will be disposed of and the income from it would be used to pay SARS first - thereafter the liquidators, and the rest will be divided amongst the creditors.
Click to expand...
Can they not dispose of some of the assets aka my items to me. I am sure I am willing to pay more for it. Beats paying full price AGAIN
 
Supervan II said:
LOL. WHAT?

Stock in Amazon's warehouse belongs to Amazon!


My guess is that they were never paid for, money received notwithstanding, so that puts paid to this option.

ALL assets will be disposed of and the income from it would be used to pay SARS first - thereafter the liquidators, and the rest will be divided amongst the creditors.
Click to expand...
Stock in Amazon's warehouse belongs to Amazon if it's "sold by Amazon", which would mean Amazon bought it from the supplier and is selling it on. Amazon also does "Fulfilment by Amazon", where the supplier puts their stock into Amazon's warehouses and get paid when the stock is sold (which is how third party sellers work). I imagine SSS was a third party seller, which would mean it still owns the stock in Amazon's warehouses.

If SSS was a supplier to Amazon and had supplied batteries and been paid then this wouldn't be a topic of conversation, as Amazon would own the stock and would be entitled to sell it.

If someone can post the Amazon product, we can quickly determine which model SSS used.
 
giraffe-saddle said:
A friend of mine pointed out that in the screenshots that I was sent via mail.
  1. There was no date on the order form
  2. The one looks suspiciously like the basket, the payment option is available as radio button
  3. Is the voluntary liquidation even real
  4. He said he would post on the thread some more details. He hasn't.
  5. Then he said we needed to email info@scotts for the details. I emailed. Still waiting.
  6. Someone on the carbonite forums was able to start a payment and got all the way to NetCash screen, Yesterday
Click to expand...

Requests for quotes are processed manually. That means SSS had to check the item being requested and still sent through a quote with payment link.
 
giraffe-saddle said:
Can they not dispose of some of the assets aka my items to me. I am sure I am willing to pay more for it. Beats paying full price AGAIN
Click to expand...
The liquidator would want to make sure they're making the most money possible from each asset, so would likely want to auction the items. If you offered them considerably above what they felt they could get elsewhere for it, they might be inclined to sell it to you. I'm not sure if there'd be much benefit to you in this scenario though.
 
sjm said:
The liquidator would want to make sure they're making the most money possible from each asset, so would likely want to auction the items. If you offered them considerably above what they felt they could get elsewhere for it, they might be inclined to sell it to you. I'm not sure if there'd be much benefit to you in this scenario though.
Click to expand...

I want the items right. So I am willing to go buy them again. So anything less than full price is a win for me. Full price AND import duties and everything (if they are really here already). So anything under full price even if just a bit is a win for me. And it is worth more to me than someone else more than likely.
 
sjm said:
Stock in Amazon's warehouse belongs to Amazon if it's "sold by Amazon", which would mean Amazon bought it from the supplier and is selling it on. Amazon also does "Fulfilment by Amazon", where the supplier puts their stock into Amazon's warehouses and get paid when the stock is sold (which is how third party sellers work). I imagine SSS was a third party seller, which would mean it still owns the stock in Amazon's warehouses.

If SSS was a supplier to Amazon and had supplied batteries and been paid then this wouldn't be a topic of conversation, as Amazon would own the stock and would be entitled to sell it.

If someone can post the Amazon product, we can quickly determine which model SSS used.
Click to expand...
 
sjm said:
Code: 
Ships from LiFePO₄WER
Sold by LiFePO₄WER
Payment Secure transaction

The stock isn't even kept in Amazon's warehouse, this is seller fulfillment. He stores it in his warehouse and when there's a sale he needs to ship the battery out. All Amazon handles is the transaction.
Click to expand...
Oh wow, that took a turn.
 
sjm said:
Code: 
Ships from LiFePO₄WER
Sold by LiFePO₄WER
Payment Secure transaction

The stock isn't even kept in Amazon's warehouse, this is seller fulfillment. He stores it in his warehouse and when there's a sale he needs to ship the battery out. All Amazon handles is the transaction.
Click to expand...

The question is why are those still for sale? There’s no way a liquidator has appraised the insolvency and decided to allow the company to continue trading.

Not to mention that people buying those won’t be getting any warranty from Scott or have any 30 day return like advertised.
 
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