Scott's Shipping Services - UNDER POSSIBLE LIQUIDATION

Snotface said:
Surely, if i'm a courier, sitting with all these packages, i'd offer the true owners the option of paying for the delivery; otherwise going through a whole auction process is the only other alternative to try and gain some money back. The courier only has rights to the delivery fees, not the value of the items itself, surely?
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But that it the thing, the recipient is not the true owner in the eyes of the courier. SSS arranged the courier and the contract is between those parties. SSS owes money, so unless you as the 'true owner' arranged the courier, you are most probably out of luck from what I can recall from the wordings used in these types of default contracts/terms at play. Dont quote me though.

The courier will return the items to the sender in this case, and probably hold SSS liable for the return as well. Unless their terms with SSS allows them to auction the items to recover their fees. It will depend on the actual terms in the end.
 
I put in an order and paid end of June. A month later I asked for an update and was told seller is unresponsive. Then a few days later sudden liquidation and told goods can't be released by the couriers. I asked for some proof and SSS sends me a cart screenshot.
 
Dave said:
Doesn’t explain people like @s0lar getting quite aggressive in their defence of Scott. Or maybe they’re just super gullible and just believe everything they see…
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Some okes will still be convinced he's a "nice guy". Even when presented with plenty of evidence to the contrary. They fall into the naive category.

Then you have the virtue signaling category. They always pretend to be better than everyone else. These are the same folks you will find defending a stupid Aussie "breakdancer"
 
ShaunSA said:
Some okes will still be convinced he's a "nice guy". Even when presented with plenty of evidence to the contrary. They fall into the naive category.

Then you have the virtue signaling category. They always pretend to be better than everyone else. These are the same folks you will find defending a stupid Aussie "breakdancer"
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Stockholm syndrome
 
PaulMurkin said:
Did he cry though? That's the question. I just saw him make excuses, on my review of his posts he was talking about adding panels to his string while this schitt was underway already. That adds a bit of credibility to those who say he stiffed them. Not much but a little bit. It means he was getting panels, buying stuff while the company was already under. I didn't notice that little detail until yesterday.

When he went into the batteries business I thought to myself that he was taking a moerse chance. I was offered an opportunity to get into this business early in the year but I declined, because of the risk.
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Good decision.

s0lar said:
How's the weather there on your high horse?
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Very good. OCF ratio is well over 1.0 and it's been that way since Covid so just green lights. Thanks for asking.

You are a business owner I gather - do you currently know your own OCF ratio?

s0lar said:
If he had been around for a short amount of time before this and then pulled this stunt. I would too call him a "bozo". That said I used him more than once for items worth a good couple of thousand with zero issues over a period of a few years.

Surely if he was a "bozo" he could have forgone being a business and maximised his "bozoness" and screwed all on his initial shipping of batteries. That was a lot more than these few items of negligible value.

Sorry to people who got screwed on this but to say it was planned as a "bozo" is premature and uneducated.
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I was responding to you and that other bozo who were saying that operating with negative cashflow is just part of the rigours of running a business. It isn't. It's a bozo move, just read the thread my guy. You can't see this business flame out and then go "well that's just how it goes you know..." That's how it goes when you fsck up royally, sure. The point is people try to not do that.

Suspect99 said:
Him telling everyone that everything is fine he just went on holiday, so that people would still place orders up till the last minute so that he could use their money to pay SARS is what makes him a bozo
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Yes, also when his 30 day forecasts started turning red was when he should have acted. Had he done that then his reputation would be untarnished and his customers would not be out of pocket.

I get the overwhelming sense that there are people here who are hearing terms like "operational cash flow", "working capital" and "30 day forecast" for the first time.

agnouja said:
I put in an order and paid end of June. A month later I asked for an update and was told seller is unresponsive. Then a few days later sudden liquidation and told goods can't be released by the couriers. I asked for some proof and SSS sends me a cart screenshot.
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Are you the second person now to report that they were sent a screenshot of a shopping cart and not the confirmed order? That's wild if true. Dude just went from "voluntary liquidation" to fraud in the time it takes to post a screenie WTF?
 
At least can't they give those who ordered the option to pay the couriers/tax on the items , yes its an additional cost and not fair, but at least you get your items. Not ideal solution but better than not getting anything?

This whole thing is really poorly managed.
 
RedViking said:
At least can't they give those who ordered the option to pay the couriers/tax on the items , yes its an additional cost and not fair, but at least you get your items. Not ideal solution but better than not getting anything?

This whole thing is really poorly managed.
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EXACTLY THIS. Not great that the money I paid that should have gone to the couriers and tax didn't and is gone. But flip, let me pay because it is MORE than they will get at an auction and I they are happy and I am happy.
 
RedViking said:
At least can't they give those who ordered the option to pay the couriers/tax on the items , yes its an additional cost and not fair, but at least you get your items. Not ideal solution but better than not getting anything?

This whole thing is really poorly managed.
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If he could just tell us who the liquidator flipping is then I can contact them myself.
 
SlinkyMike said:
I was responding to you and that other bozo who were saying that operating with negative cashflow is just part of the rigours of running a business. It isn't. It's a bozo move, just read the thread my guy. You can't see this business flame out and then go "well that's just how it goes you know..." That's how it goes when you fsck up royally, sure. The point is people try to not do that.
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In a much stronger economy than the South African, namely the USA. The average SME can only cover costs for 27 days. That is less than a full month. So yes its a lot more prevalent than you propose. Any small thing and especially if you get screwed by warehousing or whatever your business relies on and your under.

A study by JPMorgan has found that your average American small business has about 27 days worth of reserve cash on hand to cover expenses if inflows suddenly stopped, according to Bloomberg. This was the conclusion reached after analyzing 470 million transactions by 570,000 small businesses last year. While 27 days is the average, the data showed great variability from this figure depending on the type of business: restaurants, for instance, actually had an average of just 16 days of cash reserve, while real estate companies had about 47.
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Average Small Business Can Survive 27 Days With No Income

www.nysscpa.org www.nysscpa.org
 
s0lar said:
In a much stronger economy than the South African, namely the USA. The average SME can only cover costs for 27 days. That is less than a full month. So yes its a lot more prevalent than you propose. Any small thing and especially if you get screwed by warehousing or whatever your business relies on and your under.



Average Small Business Can Survive 27 Days With No Income

www.nysscpa.org www.nysscpa.org
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Can survive 27 days with no income? He had lots of income. Over 130 orders. He had bucks
 
SlinkyMike said:
Good decision.


Very good. OCF ratio is well over 1.0 and it's been that way since Covid so just green lights. Thanks for asking.

You are a business owner I gather - do you currently know your own OCF ratio?


I was responding to you and that other bozo who were saying that operating with negative cashflow is just part of the rigours of running a business. It isn't. It's a bozo move, just read the thread my guy. You can't see this business flame out and then go "well that's just how it goes you know..." That's how it goes when you fsck up royally, sure. The point is people try to not do that.


Yes, also when his 30 day forecasts started turning red was when he should have acted. Had he done that then his reputation would be untarnished and his customers would not be out of pocket.

I get the overwhelming sense that there are people here who are hearing terms like "operational cash flow", "working capital" and "30 day forecast" for the first time.


Are you the second person now to report that they were sent a screenshot of a shopping cart and not the confirmed order? That's wild if true. Dude just went from "voluntary liquidation" to fraud in the time it takes to post a screenie WTF?
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Yep yep, I started the heads-up thread on the 6th of July when it became apparent that things were not operating as usual. So if I as an external party could see that, why was he still taking orders like @Snotface's after that date right up until he was "liquidated".
That fraud/theft and it's not acceptable. My suggestion is that all people directly affected start a group and work together to take legal action. I know for many it's not so much about the money lost and more about being ****ed over.
Yes, businesses fail, everyone gets that but this looks like a cash grab and Scott has done nothing to prove otherwise.

**** around and find out...
 
calypso said:
@s0lar What is your angle here? You were not directly affected or ripped off, so why all the defence if it has nothing to do with you? Just trolling for the sake of it, or are you involved with ScottShipping?
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Not trolling, all my experiences with SSS were positive.

That said to assume he was committing fraud purposefully with no evidence is a stretch. As I pointed out if he truly wanted to grab and run the most financially opportune time would have been when he took a crap ton of battery orders. But alas, they received their batteries not.
 
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