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Originally Posted by Kefka2200
Well this is terrible...I have 2k in products on order...paid in full. Soooo...there’s that
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My wife has ordered it all through SS...she has one more order she placed and paid for a year ago and is going through SS to see what info they have. I'm not sure how SS handles their stock but I'm guessing that since she hasn't received the actual merchandise it hadn't been release to SS yet.
Derek Coss posted on the CC FB page a lengthy post that the issue may revolve around an unpaid franchise tax issue with the state that would have to be resolved for them to continue normal operations...but can't state with 100% confidence that takes care of the entire issue.
He further states it appears the Ebay side of things is listed as separate entity which would account for them not to have been forced to immediately stopped selling their merchandise...if true they may have pulled all of that to avoid even more public relation issues or trying to take away 'static' that would cost more money on the legal front to prove as a completely separate venture.
Even if the company goes into bankruptcy I think that if they have the merchandise that was paid for it would have to be released at some point. Any liquidation would not involve the ability to 'resell' merchandise that was already paid for by customers as that would constitute fraud. At that point you are beyond bankruptcy but looking at jail time. Even though I'm in a different state I'm going to run some questions through our accountant and see what his take is...I wouldn't imagine it would be too different with regard to the basic legalities.