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Liquidation of Scott's Shipping Services (SSS) [2017/206671/07] + other businesses [TBA] | Updates & Creditors

Dom

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Just trying to help out (not an affected creditor) - from what I can see there are numerous affected parties & not great communication from @ScottulusMaximus

Here is the knowledge I have about liquidations (for affected creditors) from my professional capacity + experience (at trade credit brokerages):
  1. Gather your Tax Invoice, PoP & any tracking/clearing/forwarding information received from SSS (identifying detail is key here - serial numbers (etc.))
  2. Strength in number is the way to go - creditors are ranked in the following way:
    1. Secured Creditors = any banks or financial institutions (of whom SSS (+ others) has taken out debt with) as well as any surety or guarantees that have been given out (in personal or business capacity) [first choice of unencumbered assets]
    2. Preferent Creditors = this is any employees as well as SARS (neither have any form of security) [second share of remaining unencumbered assets]
    3. Concurrent Creditors = this is where the remainder fall & more than likely most of the affected Carb members [this is normally the scraps (if anything) & gets Cents to the Rand (5 cents per Rand owed (as an example only))]
  3. Hereafter the appointed liquidator will gather a list of all affected creditors (rankings are applied as all information is gathered) & then send out a claim form (for the unencumbered assets of SS (+ others)) - please note the following on any form (from the liquidator): "DO NOT APPROVE CLAIM IF DANGER OF CONTRIBUTION EXISTS" (this ensures that SSS (+ others) do not try to retard the liquidation process & pay who they chose (not who is justly ranked)
  4. After this point, the liquidator will begin the winding up process & dole out according to the creditor rankings - communication will be sent out (at determined moments) by the liquidator (to keep all creditors updated on the proceedings (it could possibly be a zero sum game))
A significantly greater amount of detail + clarity is required from @ScottulusMaximus - was this actually a voluntary liquidation or was it imposed by a financial institution; what has happened to the recent funds (seeing some being paid as recently as last Friday (2 August 2024)) [this will sadly be frozen in any liquidation process] & what is any business rationale to such a stymieing move???

Anyone can PM me if they need have any other questions and can use my current knowledge to help

I am not a legal advisor nor will furnish any advice on a legal process (merely sharing common liquidation information)
 
I managed to offload my stock purchased off him very soon after delivery.
Told my wife at the time I did not see his venture as sustainable.
So sorry for any and all losses incurred by any members here and on AVForums. Never nice to see someone go down. How they choose to do so however speaks to character.
 
Anyone heard from this clown?

@ScottulusMaximus
He either grew up in or at least spent a significant amount of time in Zimbabwe, which leads to a theory on Mybroadband. The theory is that there is no liquidation, there was no fishing trip, and that the "fishing trip" was actually him setting himself up to disappear there, where he can vanish off the face of the earth and won't/can't be traced or extradited.

It's not my theory, just passing on what I've read.
 
Anyone heard from this clown?

@ScottulusMaximus
Apparently nothing, not even listed liquidation according to this post. Pretty much ghosted everyone.
 
As I've told people before - if his business is in liquidation, it can or cannot be "fraudulent" from his side. However, there's no proof either way. As such, unless there's some proof that he knowingly took money and acted illegally, or in a manner to knowingly scam or defraud his customers, we won't be banning his account.
 
As I've told people before - if his business is in liquidation, it can or cannot be "fraudulent" from his side. However, there's no proof either way. As such, unless there's some proof that he knowingly took money and acted illegally, or in a manner to knowingly scam or defraud his customers, we won't be banning his account.
This is from CIPC/BizPortal (public access & all found from just searching the company name) - no mention of anything. Quacks like a duck (CIPC would have been notified long ago & issued instructions (which contravention is against the law))....

Any rebuttal @ScottulusMaximus???
 
I have been reached out (for advice) from @Handskoene & @ArmchairPundit - both were concerned about whether they were going to receive what they ordered

Kindly chip in gents
They and anyone else affected need to approach SAPS fraud division, and log a bad deal with us as well.

Then we can action.
 
They and anyone else affected need to approach SAPS fraud division, and log a bad deal with us as well.

Then we can action.
Since when do you need permission to ban someone? It's always been up to Ageless who is allowed here or not. He can ban anyone he wants to as the owner. We are here not by right but at his discretion. People are banned permanently for far less serious things than this.
For eg: Being a prick - perma ban - No bad deals or anything. Ageless didn't want that member on his site and so he kicked them off.

My opinion is he should be banned, as he has caused much harm to fellow members and he really couldn't give a fuck about the people who have lost money. He offers nothing in the way of resolution and has no benefit to the site going forward.
The way he went about the whole "liquidation" process was very scummy and people were ordering right up to when he disappeared. He basically threw his hands up and said sorry but I'm outta here.

Sure he is looking out for himself but keeping him on this site tarnishes Carbonite's reputation.
It shouldn't matter if bad deals are logged or charges brought. It seems obvious, I would think, to most of us that he should get his butt kicked outta here permanently.
 
Since when do you need permission to ban someone? It's always been up to Ageless who is allowed here or not. He can ban anyone he wants to as the owner. We are here not by right but at his discretion. People are banned permanently for far less serious things than this.
For eg: Being a prick - perma ban - No bad deals or anything. Ageless didn't want that member on his site and so he kicked them off.

My opinion is he should be banned, as he has caused much harm to fellow members and he really couldn't give a fuck about the people who have lost money. He offers nothing in the way of resolution and has no benefit to the site going forward.
The way he went about the whole "liquidation" process was very scummy and people were ordering right up to when he disappeared. He basically threw his hands up and said sorry but I'm outta here.

Sure he is looking out for himself but keeping him on this site tarnishes Carbonite's reputation.
It shouldn't matter if bad deals are logged or charges brought. It seems obvious, I would think, to most of us that he should get his butt kicked outta here permanently.
At this point, I want to remove his access but he hasn't even logged in since this came about, So it will do absolutely nothing except sate the hungry peanut gallery.

So I want people to make him accountable and actually lay the charges.
 
At this point, I want to remove his access but he hasn't even logged in since this came about, So it will do absolutely nothing except sate the hungry peanut gallery.

So I want people to make him accountable and actually lay the charges.
Sorry I was meaning to quote Toxxyc message above. It's your site and your peanut gallery. People can hold him accountable without him being a member on this forum.
Nothing will come of this . He did a Raru. I lost a lot of money when Raru suddenly did a Scott's Shipping Services on me.
He planned this for awhile and most people are just going to get on with their lives. Banning him will at least give them a smidgen of satisfaction as they wont be getting their money back that's for sure.
Just my thoughts on this but will shuddup now :cool:
 
Since when do you need permission to ban someone?
From around the same time I have been required to explain myself to you. :p

But on a serious note, as @Ageless_ZA so eloquently put it, there's discussion here. Discussion is good, even if it is just for the angry mob to blow off some steam.
 
From around the same time I have been required to explain myself to you. :p

But on a serious note, as @Ageless_ZA so eloquently put it, there's discussion here. Discussion is good, even if it is just for the angry mob to blow off some steam.
I am not saying the thread should be closed. His membership should be. He wont be joining the discussion.
 
I hear you. I also checked in on his CIPC profile. Nothing on there seems to show there's a change in the business' status, and that usually does happen quite quickly. I'm not sure what to make of the whole thing, hell, I even said that I'm sure there's nothing to worry about during his last disappearing stint, but @Ageless_ZA makes the rules.
 
For anyone wondering (about a liquidation pay out) - DON'T

We have all heard about the West Pack debacle - word is that if they go full tits up (Business Rescue has less than a 5% chance), concurrent creditors will get NOTHING

Scott mentioned the bank - them, employees & SARS will pretty much getting everything (of possibly nothing)
 
Moved out of support to a discussion forum, this is NOT smack talk. So behave and be objective in your postings
 
I get "apache is functioning normally" on the battery site - some dev somewhere fucked up.
Wanted to see if one can checkout. Nothing on amazon for the batteries, he used to sell them on there.

So far, I've only seen one guy complain about not getting his order on MyBB, no one here, so I assume a ban would not be likely unless someone steps forward with a bad deal?
 
His website is in action again. Has he sorted everyone out?
Im not aware of anyone being paid out. My mate is still owed R16000 for an order that Scott didnt even make (he confirmed with the supplier). The "stuck in shipping" was a lie, so was the liquidation.
 
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