My side of the BlackOvis/Camofire story - Podcast and Q&A

[Hnthrdr]

Okay so when is the rest of the inventory going to be put on sale?

 

[Jimmy]

My company had sold $200K of product to kmart before they went bankrupt a few years back. By calling and pestering them, we got paid about 100k of that shortly before they went under. Still owed us 100k.

Instead of getting the last 100k, we were forced to SEND BACK the first 100k, for the court to determine should it be spread out among everyone else who had been owed and didn't get anything. It was argued that it was unfair for us to be paid even half of what we were owed, and other business all MUCH LARGER than us, got nothing. That nearly cost us everything, almost made us close up.

It sucks all the way around. And unless you get paid on delivery, or ahead of time, this could happen to you.