can you fill me in on the lore mr fizzycyst?
Long story short.
- Matt left SCOM
- Jono couldn’t afford to buy him out, so Matt remained shareholder.
- Jono didn’t like the fact that Matt was still able to get Money from SCOM as he was still 50% shareholder.
- Jono (with help from his solicitors) devised a plan to run SCOM into the ground on purpose and then start new business where he was 100% owner.
- Jono tells me December 14th that he was declaring bankruptcy the following week and asked if I would take over the lease on the premises (unbeknownst to me, Jono was already behind in rental payments, even though I was paying him $17k/month for the place), I declined.
- Jono and other members of SCOM staff had known about his plan for 6 months.
- So, with all real estates closed over Christmas / New Years, Jono had effectively backed me into a corner where he figured I would have no choice but to take over the lease
- I left December 15th and had the most stressful Christmas / New Years ever trying to find a temporary location, which I finally found Mid-Jan.
- We had to cancel our holiday courses and push back our opening date for Term 1, 2024 due to his shenanigans.
- All in all, Jono and his selfishness has cost me over $100k. He has not responded to me and notices of demand from my solicitors.
All in all, lesson learnt about trusting people in business.