I honestly don’t believe anything is as bad as any of the people on this thread make it out to be. I can fully understand how a business likes this could have unravelled very quickly, especially with a young owner who honestly believes he can ride out the cash flow problems, because I was there myself years ago.
Any client that didn’t get what they ordered, even if it’s a R500.00 invoice, could easily bring the whole business down if they choose to play hardball. In my case we had a creditors book running up around R550k, and we could have sorted it out over an 18 month period, and everyone would have been made whole. But there were two clients who lost in total R14800.00. They also screemed “scam scam scam” and wanted me as the director dragged and quartered in the street and all that. They refused any sort of proposal, blocked the business rescue proposal and sued for liquidation. In the end, everyone got cents to the rand out of the deal. They said they didn’t care. They tried to sue me personally as well, but the court wasn’t interested (because I hadn’t acted negligently according to the companies act, although in retrospect, I do wish I had made certain decisions earlier).
I can’t think with all the hate Scott is getting, there isn’t one single client able to do the same to him. Unless he is actually doing the right things behind the scenes and some of you just don’t like that.