Here is the last email I received from Alfred. It's an eye opener! It reveals a lot after close reading.
Alfred is the star in his own show. Its obvious that he has no regard for some of his customers.
Narcissistic?
Have a read and be amazed. He didn't even bother adding my name.
To paraphrase Alfred, I'm shooting myself in the foot but here it is.
"Dear
the fact that you still haven't received your tone arm is putting a lot of strain on me physically. I tried to resolve this situation for you and the other 20 or so customers as quickly as possible.
I get migraines every night and have to take strong painkillers every morning, which makes me forget a lot, sorry. I can empathize with you, it's an absolutely stupid situation that I've gotten myself into because of my long illness. I still have to deliver to about 20 or more customers who are already waiting in the same situation as you. If I had enough money available (but I don't, because I don't have a pension or other income) I would like to give everyone their money back immediately, but that's not possible for so many. I can't pay out all customers at once. No bank can do that either, see the bankruptcy of the Swiss fintech Flowbank on June 13, 2024 and Credit Swiss.
I could file for bankruptcy as a private individual, but then no customer would get their tonearm and their money would be lost, but I don't do that. I have an obligation to my customers and I keep it. I have been self-employed for 50 years. Bankruptcy would finally give me peace and quiet and I wouldn't have to read customers' emails every morning, which is very stressful for me. I am now 75 and get migraines every night and have to take strong painkillers every morning. As a result, I can't work full time, which I would have to if I wanted to resolve the situation quickly. Some customers ask me why I continue to offer my tonearms with a short delivery time and don't finish and send the tonearm first. Quite simply, I need constant cash flow to pay for materials and all production costs, otherwise I can't provide tonearms for the customers who are waiting for their tonearm. Of course lots of notes about my long delivery times. Please note: I find it impossible for customers to bring a private sale between two people into the forums and into the public, you simply don't do that. In addition, there is the negative effect for my waiting customers too, as new customers may distance themselves from a current purchase This means that I have less cash flow and therefore cannot pay for new material and all the costs to satisfy the customers who are still waiting.
As the saying goes: You're shooting yourself in the foot! In the past, alongside production and sales, I have always tried to make a tonearm in parallel and send it to one of the customers who often wait patiently for their tonearm for more than a year, but that is too slow and many customers become very impatient. Unfortunately, it didn't work out as I had imagined. There is only one option: I have to give all customers their money back. Since I have no other income and do not receive a pension (I have always been self-employed and have not paid into a pension fund in Germany), this is of course only possible with monthly installments.
I also have no security for a bank loan. So I can only pay a monthly installment. The total for all customers is around 16,000 euros. Through my new sales I can raise a monthly sum of 2,000 euros, so that each customer receives 100 euros a month and, depending on the amount they have paid, everything is paid back in around 6-8 months. Please write to me whether you agree with this arrangement or whether you have another suggestion.
I would like us to part as audiophile friends.
f you agree, please provide your bank details and 150 euros will be transferred automatically every month until your payment for the tonearm is reached. I don't have Paypal.
Best regards
Alfred"
There we have it. Some customers now have no value as far as Herr Bokrand is concerned.
I have not taken him up on his offer yet, so I suppose when he implies that everyone is being paid back its not the whole truth.
So, Herr Bokrand. Since you are doing so well selling arms in the US and have money for legal fees in NZ. How about giving me all my money back at once?
You can't though.
The bottom line is, your business model amounts to a ponzi scheme and you admit it in the above email.
We will not part as audiophile friends due to your dishonesty.
Billy