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Even at 80% discount plus the sales they have made (depending what happens with the cash) it can be argued that they have deprived their creditors of capital by doing either. If the cash flow stays in the bank account or is used to pay off creditors (not talking about directors loans either....) then it is fine.

Tbh, this is all speculation until the recievers are called in, until then we will not know exactly what state Maelstrom are in, but given the customers will be non preferential/un secured creditors they will lose the most imo. IF there is any money left after any charges have been actioned and secured creditors (very few types of secured creditors are left now) then I doubt many other creditors will defer any payments, they will all want a slice of the pie.

I guess given then it'll be interesting to see what happens next. In terms of creditors, I've always understood it to be HMRC, Banks, Businesses and Individuals in that order for payment as creditors- and often it never makes it past the banks.

If there is deemed to have been any directorial wrong doing it may well affect EOTS continued trading I assume?

As you say, all specualtion at the moment as we don't know what'll happen. I'd be as happy as anyone for them to come out the other side with an updated website, photos of the new warehouse and a comitment to ensure all customers receive their orders, however I think that may well be wishful thinking at this stage.

It has been mentioned over on Warseer that Battlefront have been looking to open their European HQ in Nottingham.

Given the forum post from the Battlefront guy saying that they were 'in the loop' and to expect an announcement, maybe this has something to do with it.

Er..........they've been here for years dude! That's where all the Europeans stock comes and goes from. The European HQ

Battlefront Miniatures Europe Ltd
Unit 4C Tissington Close
Beeston
Nottingham
NG9 6QG
United Kingdom

Website maintenance - The Biscuit has been taken !

Pop the champagne !

 SoulDrinker wrote:
Er..........they've been here for years dude! That's where all the Europeans stock comes and goes from. The European HQ

Battlefront Miniatures Europe Ltd
Unit 4C Tissington Close
Beeston
Nottingham
NG9 6QG
United Kingdom

Guess not then!!

EDIT: I actually have a subscription to WI, so I should know this already - so double

Winact wrote:
I guess given then it'll be interesting to see what happens next. In terms of creditors, I've always understood it to be HMRC, Banks, Businesses and Individuals in that order for payment as creditors- and often it never makes it past the banks.

If there is deemed to have been any directorial wrong doing it may well affect EOTS continued trading I assume?

As you say, all specualtion at the moment as we don't know what'll happen. I'd be as happy as anyone for them to come out the other side with an updated website, photos of the new warehouse and a comitment to ensure all customers receive their orders, however I think that may well be wishful thinking at this stage.

Nope, unsecured creditors are no HMRC banks companies and indiviuals, all lumped into unsecured creditors, most common secured creditor is employees up to a certain level, Also charges (mortgagues, loans secured against business assets etc) are done before anything else.

Thanks to all the guys who posted to say "i received my order, so dont worry, you can order safely".

captain tanuki wrote:
Thanks to all the guys who posted to say "i received my order, so dont worry, you can order safely".

To be fair it's always buyer beware in any situation.

I took a gamble and ordered from Malestroms latest promotion and got my order. I have ordered before and gotten my stuff in a timely manner

A lot of buyers have waited MONTHS for their orders to turn up, if at all. Most of these are outside of the UK. On that evidence alone, if I was an overseas buyer, I would tread carefully with MG.

YMMV.

 devilution wrote:
Website maintenance - The Biscuit has been taken !

Pop the champagne !

Finally!

Someone update the title of this thread!

 Alpharius wrote:

 devilution wrote:
Website maintenance - The Biscuit has been taken !

Pop the champagne !

Finally!

Someone update the title of this thread!

I think flat-line would be a better term than the popping of champagne.

The soggy biscuit has finally landed in the tea.

 devilution wrote:
Website maintenance - The Biscuit has been taken !

Pop the champagne !

Its not something to celebrate; Maelstrom has been my online stockist of choice since 2009 and they have always been reliable in my experience. Something has obviously gone wrong somewhere given the state of affairs over the last couple of months but they did have a good track record.

 Mr. Burning wrote:
The soggy biscuit has finally landed in the tea.

Took a while. Must've been a Hobnob.

If it can be shown that money, stock or assets have been moved improperly then it is possible that all companies may be drawn inwards to the imploding star that is Maelstrom

 Grimtuff wrote:

 Mr. Burning wrote:
The soggy biscuit has finally landed in the tea.

Took a while. Must've been a Hobnob.

Interesting how you were in this thread from the beginning trying to convinve people nothing was wrong with Maelstrom Games and are now joking about it. Makes me wonder if any people listened to you and bought something they will never get now.

brettz123 wrote:

 Grimtuff wrote:

 Mr. Burning wrote:
The soggy biscuit has finally landed in the tea.

Took a while. Must've been a Hobnob.

Interesting how you were in this thread from the beginning trying to convinve people nothing was wrong with Maelstrom Games and are now joking about it. Makes me wonder if any people listened to you and bought something they will never get now.

I never knew I had that much influence. Go me! Also, you may want to check all my posts again champ (it's right there, click "filter thread") to see what my first posts were.

I had (and still have) the same opinion as Palindrome. Frankly, if you want to believe me, then that's your business; people are not sheep. But I'm just passing on my experiences with having dealt with them in person. Hardly trying to convince? connive? (which one? Check your spelling next time Mrs Malaprop) people that they're okay. They appear that way to me, despite the massive debts. I'm just passing one what I saw, I've got no other motive other than wanting Maelstrom to continue to exist due to their close proximity to where I live.

As I said earlier, I'm keeping my words short and sweet as I may have to eat them later. If Maelstrom are embezzling money to run off with it then I'll step back and be the bigger man and say I was wrong. However this is simply a witch-hunt over a company that looks like they've dug a hole for themselves by being victims of their own success. Granted they SHOULD come out and say something, anything to all those people still waiting on orders but they're not. Why? No-one seems to know. I gave a guess and was wrong. Big whoop, you can be wrong several times before you get to the correct answer, that's what research and trail and error is all about. But I digress.

The big news could be Maelstrom becoming distributor of Battlefront in Europe? That could be why they are clearing the decks., and dropping perfectly good biscuits into mugs of poorly brewed tea.

I suddenly really want a pack of hobnobs and a cup of tea. Cheers Dakka

 Davylove21 wrote:
I suddenly really want a pack of hobnobs and a cup of tea. Cheers Dakka

Good Lord! I really do have that much influence. Better watch what I type. I'm off to charm the pants off a certain someone before this wears off!

I would like to think that the person making the decisions at MG would potentially be able to have fraud charges brought against them as they were selling goods that they said they had, which they didn't, and they knew they were not going to be supplied those goods anymore.



Automatically Appended Next Post:
I would like to think that the person making the decisions at MG would potentially be able to have fraud charges brought against them as they were selling goods that they said they had, which they didn't, and they knew they were not going to be supplied those goods anymore.

 Grimtuff wrote:

 Davylove21 wrote:
I suddenly really want a pack of hobnobs and a cup of tea. Cheers Dakka

Good Lord! I really do have that much influence. Better watch what I type. I'm off to charm the pants off a certain someone before this wears off!

Yeah it's all your fault Grim'

Go get em!

Besides hob nobs are so last year what you really need in your biscuity life are Foxs' Velvety....and an order from Maelstrom....


Automatically Appended Next Post:

WPB wrote:
I would like to think that the person making the decisions at MG would potentially be able to have fraud charges brought against them as they were selling goods that they said they had, which they didn't, and they knew they were not going to be supplied those goods anymore.



Automatically Appended Next Post:
I would like to think that the person making the decisions at MG would potentially be able to have fraud charges brought against them as they were selling goods that they said they had, which they didn't, and they knew they were not going to be supplied those goods anymore.

I honestly think It's down to incompetence and apathy rather than anything more malicious.

 Mr. Burning wrote:

 Grimtuff wrote:

 Davylove21 wrote:
I suddenly really want a pack of hobnobs and a cup of tea. Cheers Dakka

Good Lord! I really do have that much influence. Better watch what I type. I'm off to charm the pants off a certain someone before this wears off!

Yeah it's all your fault Grim'

Go get em!

Besides hob nobs are so last year what you really need in your biscuity life are Foxs' Velvety....and an order from Maelstrom....

But Hobnobs are the SAS of the biscuit world, you can dunk em and dunk em and they won't fall apart...

In all seriousness, has anyone checked http://www.eye-of-the-storm.co.uk/ recently? I went on there a couple of minutes ago and they appear to have PP's October releases in stock? Now wouldn't this go against what another poster said about their supplier of PP, Infinity, Wyrd and Spartan not dealing with them? As *some* new stock appears to have got through (unless they got another supplier).

Just thought I'd throw that out there.

 Mr. Burning wrote:

WPB wrote:
I would like to think that the person making the decisions at MG would potentially be able to have fraud charges brought against them as they were selling goods that they said they had, which they didn't, and they knew they were not going to be supplied those goods anymore.

I honestly think It's down to incompetence and apathy rather than anything more malicious.

At this point, it's beyond incompetence or apathy. It's downright malice.

If you're taking orders for an item you know you will not be getting because your distributor refuses to sell to you because you're in debt to them--you're clearly beyond incompetent/apathetic. You're trying to take people for what you can before you cut and run.

Just checked eots webstore there are no new releases in stock at all that would have come through from the distributor. I'm guessing the Devastator is the old version and they've got it wrong. They wouldn't just have one thing out of 20 would they????

You COULD think you could get stock elsewhere, either via another distributor or the 'grey' market

especially if you were paying cash in advance (generated by selling stock)

You could keep beliving your business could be saved

(is this what's happened here? no idea, we'll need to wait and see what happens next

I would take those EOTS stock figures with a grain of salt.

Yeah I'm sure that a month after the books hit debts of half milion it was coincidence that 2 new compamies formed and all the assets were moved to them.
I guess it was also an accident that they spent 6 months ish taking pre orders and cash for stock they could not get.
I guess it was also just a misunderstanding that they stpped taing calls and responding to messages.

Yeah all just an innocent mixture of circumstances and if you believe that and are not a regular at the store I have some shares to sell you in a cheese mine on the moon.

What kind of cheese?

I was really hoping they would pull through some how as I really liked having a discount retailer with a large range within driving distance, however today I lodeged a paypal claim over a 40day old GW order they couldn't give me an ETA on. The two orders I placed in firesales arrived fine. I hope nobody ends up out of pocket over this.

so in short, everyone in the UK (and therefore not subject to long shipping times) is getting their firesale orders more or less fine, but everything from before that not at all?