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The company seems to be in deep financial troubles. They've also been violating their refund policy and FTC rules as there are dozens of reports of customers wh
by wander_homer 3y ago
The company seems to be in deep financial troubles. They've also been violating their refund policy and FTC rules as there are dozens of reports of customers who cancelled their orders months or years ago due to those absurd and frequent delays and they still don't have their money back.
- fsckboy 3y agocompanies can't refund money they don't have; people who are owed money become creditors in bankruptcy. The company can, however, attempt to stay afloat and prosper enough to make creditors whole.
- deleted 3y ago[deleted]
- donavanm 3y agoIm not in the US, but here in Australia this would smell of “trading insolvent” and is a short path to piercing the veil/personal liability, fines, and prohibitions against serving as directors or officers for everyone involved.
- MichaelZuo 3y agoIt's a much higher bar in the U.S. to do so. Which is part of the reason why startups love moving from Australia to the U.S. but not the other way around.