+ Reply to Thread
Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Thread: Due Diligence - 3 Way Street

  1. #1
    Lapsed account
    Join Date
    Dec 2011
    Posts
    4
    Thanks
    0
    Thanked 2 Times in 1 Post
    Rep Power
    0

    Due Diligence - 3 Way Street

    To save valuable time, it's also my introduction post and how I stumbled upon experienced-people.net. I'm meltonmowberry (an alias) and recently got involved in roughly half of an auction, acting as seller.

    Currently I have a problem with a merchant claiming to be "#1 Marketplace for Buying/Selling Websites". It was my first website sale so I had no reason to doubt considering claims on their main page on successful trades.

    When I encountered a major problem I alerted them via only accessible channels, insisting it was a time sensitive issue, potentially breeching laws within our agreed governed jurisdiction. I also suggested they make attempt to correct this oversight to avoid it becoming intentional deception.

    No attempt was made to correct this "clear cut" error. I can only assume it's continuance was/is a deliberate attempt to deceive, and/or an inability to back out of a double sale i,e, they sold others part of a deal, reserved for myself (& multiple other).

    I'm timed out for any effective resolution.

    Their acts/inactions was to detriment of me (& multiple others), integrity of auction irreparable. This company wins financially because of their interference of auction process.

    I consider this a fraudulent action,

    My further participation would an acceptance to conspire in this breech in law, so I directly declined to knowingly participate in a criminal act.

    As a result, I've been forced to sit out. I have no intention breeching judicial laws in region listed in this company's "terms and conditions".


    Currently I'm stuck with no get out clause in a situation I either have to accept being ripped off or conspire to break the laws.

    I have just under 12 hours till end of auction, which carries on until 6am my time (hardly worth showing up as spectator).

    I'm looking for suggestions how to limit damage to myself, as the situation is already gone beyond reasonable repair. Apparently this company has staff who frequently watch this forum.

    If they want to enter dialogue here, I'll provide confirmation of their guilty acts/inactions during our discussion.


    Maybe they would like to discuss my recent offer of reasonable resolution, and then I'll explain why their's is laughable.

    So far, they've failed to respond to my most recent effort to resolve this matter amicably.

    I learned "Due diligence is a 3 way streetl" in more ways than one. I barely had chance to assess buyer types, etc, before deception is focussed on me.

    I understand any advice given on this forum is not legal advice, etc.

    P.S.

    Hi to forum, lots of interesting conversations, many above my head. I'd love to post a hilarious sample test of this company during my belated due diligence on them.

    Yes I want a fair resolution, with minimal risk to me during the transaction.

    This company talk sales pitch drivel so I've basically had a one way conversation with them. I also feel this is intent to complete an action in bad faith.

  2. The Following 2 Users Say Thank You to meltonmowberry For This Useful Post:

    Clinton (December 13th, 2011), TheodoreK (December 13th, 2011)

  3. #2
    Administrator
    Join Date
    Jan 2010
    Location
    Essex, UK
    Posts
    6,597
    Blog Entries
    28
    Thanks
    2,647
    Thanked 1,688 Times in 991 Posts
    Rep Power
    86
    Hi meltonmoberry and welcome to experienced-people.net.

    I'd love to post a hilarious sample test of this company during my belated due diligence on them.
    Feel free to do that and to post the name of the company.

    If this is about the new Premium Listings in Flippa then I must admit I would have done it differently if I ran Flippa. Introducing a new, higher paid premium option shouldn't be done in a way that disadvantages those sellers who've already paid a premium for what they thought was top visibility. Is that the problem here?

    I'm looking for suggestions how to limit damage to myself, as the situation is already gone beyond reasonable repair. Apparently this company has staff who frequently watch this forum
    Staff from several brokers do keep an eye on these forums. All Flippa past and present management have accounts here as well and Flippa does post in threads.

  4. #3
    Senior Member
    Join Date
    Apr 2010
    Location
    UK
    Posts
    492
    Blog Entries
    8
    Thanks
    99
    Thanked 228 Times in 122 Posts
    Rep Power
    12
    No offence, but I don't really understand what you are talking about? Can you be more clear about what your actual issue is? I would imagine your average support person at any company would also have issues trying to understand the problem you are having if you've explained it like this.

    I'm assuming you're talking about Flippa and that's about as much as I can understand from your post.

  5. #4
    Top Contributor
    Join Date
    Jan 2010
    Location
    U.S.A.
    Posts
    1,637
    Thanks
    68
    Thanked 264 Times in 192 Posts
    Rep Power
    24
    Quote Originally Posted by meathead1234 View Post
    No offence, but I don't really understand what you are talking about? Can you be more clear about what your actual issue is? I would imagine your average support person at any company would also have issues trying to understand the problem you are having if you've explained it like this.

    I'm assuming you're talking about Flippa and that's about as much as I can understand from your post.
    I got that much, plus that he was trying to sell a site and was not pleased with Flippa's lackadaisical attitude regarding support.

    Could you provide some clarification, meltonmowberry? If someone negotiated in bad faith, there is no legal requirement for you to honor an agreement with them, but there aren't many major problems you could have with a buyer other than them refusing to pay the price you agreed to.

  6. #5
    Lapsed account
    Join Date
    Dec 2011
    Posts
    4
    Thanks
    0
    Thanked 2 Times in 1 Post
    Rep Power
    0
    My flippa account was banned since posting. It shouldn't have any relation to my account name here as that's different from flippa name.

    Sorry for the short post, I'll add a longer one at a later date if this is the right place to do so.






    Sorry about the short

  7. #6
    Top Contributor
    Join Date
    Oct 2010
    Location
    East Yorkshire
    Posts
    1,072
    Blog Entries
    5
    Thanks
    99
    Thanked 708 Times in 384 Posts
    Rep Power
    30
    Just as an aside - meltonmowberry, the word for a break/hole driven through something is a "breach". "Breeches" means "pants", "trousers" - but in the circumstances, probably an appropriate word, if the service is "pants"!

    Whatever, unless you get a bit more explicit, we're all going to have trouble helping. If you don't want to say exactly what happened in public, send a Personal Message (PM) with more detail to me (because I'm offering) or someone else that is interested by this thread (eg. Benitez17, because he actually knows what he's talking about), or both.

    It says William Grant and Sons on my bottle of medicine ...
    Last edited by crabfoot; December 13th, 2011 at 09:48 PM.

  8. #7
    Junior Member
    Join Date
    Nov 2011
    Location
    Melbourne, Australia
    Posts
    42
    Thanks
    17
    Thanked 30 Times in 19 Posts
    Rep Power
    1
    Hi meltonmowberry -- just a note to say that your account was never banned. We did, however, cancel your auction, at your request.

  9. The Following 2 Users Say Thank You to OLechat For This Useful Post:

    grynge (December 14th, 2011), KenW3 (December 14th, 2011)

  10. #8
    Lapsed account
    Join Date
    Dec 2011
    Posts
    4
    Thanks
    0
    Thanked 2 Times in 1 Post
    Rep Power
    0
    Quote Originally Posted by OLechat View Post
    Hi meltonmowberry -- just a note to say that your account was never banned. We did, however, cancel your auction, at your request.
    OLechat

    I made no request to close auction. I requested that you limit damage caused by your company's interference during auction process.

    This is not the first time a member of flippa.com staff has performed without my consent, made unsubstanciated claims, in their words, on my behalf, offering my unsolicited representation.

    OLechat is it within your authority, as representative of flippa.com, to allow me to post all private exchages i've had with all flippa.com agents. It will save overlapping information, although not much, I swear your staff spin your own words for a laugh. Stop it, your conspiring to criminal acts/non-actions within your jurisdiction.

    This error involves many sellers over a 60 day period. This could amount to millions $ in poorly priced sales and impeded auctions due to ignorant marketers.

    I suppose others have been informed? Their auction process may have been tampered with, in breech of numerous rules and regulations, in the agreed jurisdiction of both parties within the agreement.

    The cost to seller is an illegal act through flippa.com's mis-representations, as evidenced in their words. I have my own evident but flipper's is funnier (although I shouldn't laugh it's crime at it's lamest).

    60 day period, Olechat. A huge number of criminal acts you're feasibly conspiring to.

    Welcome to the forum, OLechat.

    P.S. I'm fairly sure fraud and deception is a crime in most countries but you can check with Australian law officers for official confirmation.

    Olechat, Please refrain from using "your" wording to represent my position, permission denied.

  11. #9
    Top Contributor
    Join Date
    Jan 2010
    Location
    U.S.A.
    Posts
    1,637
    Thanks
    68
    Thanked 264 Times in 192 Posts
    Rep Power
    24
    Quote Originally Posted by meltonmowberry View Post
    OLechat

    I made no request to close auction. I requested that you limit damage caused by your company's interference during auction process.

    This is not the first time a member of flippa.com staff has performed without my consent, made unsubstanciated claims, in their words, on my behalf, offering my unsolicited representation.

    OLechat is it within your authority, as representative of flippa.com, to allow me to post all private exchages i've had with all flippa.com agents. It will save overlapping information, although not much, I swear your staff spin your own words for a laugh. Stop it, your conspiring to criminal acts/non-actions within your jurisdiction.

    This error involves many sellers over a 60 day period. This could amount to millions $ in poorly priced sales and impeded auctions due to ignorant marketers.

    I suppose others have been informed? Their auction process may have been tampered with, in breech of numerous rules and regulations, in the agreed jurisdiction of both parties within the agreement.

    The cost to seller is an illegal act through flippa.com's mis-representations, as evidenced in their words. I have my own evident but flipper's is funnier (although I shouldn't laugh it's crime at it's lamest).

    60 day period, Olechat. A huge number of criminal acts you're feasibly conspiring to.

    Welcome to the forum, OLechat.

    P.S. I'm fairly sure fraud and deception is a crime in most countries but you can check with Australian law officers for official confirmation.

    Olechat, Please refrain from using "your" wording to represent my position, permission denied.
    Those are some rather serious charges.

    Again, do you have any evidence to substantiate these accusations, or can you at least explain what you are talking about in a more understandable manner?
    Last edited by benitez17; December 14th, 2011 at 01:22 PM.

  12. #10
    Senior Member
    Join Date
    Apr 2010
    Location
    UK
    Posts
    492
    Blog Entries
    8
    Thanks
    99
    Thanked 228 Times in 122 Posts
    Rep Power
    12
    I still have no idea what you are talking about.

    Why don't you just explain it clearly in wording that the average member would understand?

    If you really felt Flippa had acted "illegally" you would refrain from posting in public forums about their actions and talk to a lawyer. I'm by no means the biggest fan of Flippa's regular changes, but unless you explain your issue clearly it's hard for the rest of us to understand, and therefore judge your problems.

+ Reply to Thread

Similar Threads

  1. Thanks for all the due diligence guidance
    By JimHunter in forum Buying A Website, Blog, Internet Business
    Replies: 0
    Last Post: October 28th, 2011, 07:42 AM
  2. Due Diligence Question
    By meathead1234 in forum Due Diligence and Gotchas!
    Replies: 7
    Last Post: October 17th, 2011, 02:18 PM
  3. due diligence / appraisal ..... (what would you do...)?
    By brainwashed in forum Due Diligence and Gotchas!
    Replies: 3
    Last Post: June 10th, 2011, 11:08 AM
  4. due diligence liability
    By WebTax in forum Due Diligence and Gotchas!
    Replies: 4
    Last Post: May 14th, 2010, 06:29 AM
  5. Due Diligence Help
    By WSYSBroker in forum Due Diligence and Gotchas!
    Replies: 5
    Last Post: March 3rd, 2010, 12:30 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts