TS420's Newsfeed
TS420 to cease operation
It is with an extremely heavy hearth that i'm writing these lines.
Unfortunately, "TS420" is bankrupted.
Not finding a suitable location and having to put ~115k$ (reship + relocation) of our own pocket to revive this business has proven to be fatal.
2016 has been extremely rough, customs got better and margins fell. There was the HUGE pangea operation bust and then my employee who decided to go rogue and steal everything. Finally, my partner decided to quit on me. I understand and support his decision. He wants to move on on his life and make a family with his LONGTIME fiance (she wouldn't make kids until he stopped being a criminal).
This leaves me with an unsubstainable burden, first I would need to pony up 100% of the business debt to keep it afloat. Then, I would need to find a suitable location. Finally, this business requires ~200manhours to run and I'm left alone.
This just doesn't work.
So this leave me with only one choice... pulling the plug on this venture =(
It's so hard for me to do this as i've been interacting with some of you guys for 2-3 years now. Extremely gutted that some of you lost money because of me. In insight, escrow would've probably saved this business as my partner would of probably not quit on me.
I don't know what the future holds for me right now... Will likely lurk around if I'm not banned. Don't bother contacting for direct deals or private sales, this business is CLOSED.
I would like to personally thanks everyone who has been part of our journey, hope everyone the best in their future endeavors.
Sincere apologies to anyone who lost money during October,
TS420
I wouldn't call this unintentional exit-scam, this is a "legit" business bankruptcy mate.
PS: Cancelled 12$K of orders on the 31st of October... I never expected to resort in closing this business.