Quarterly - expectations, page-45

ok case study #1 and I could quote several.....Dick Smith:
Samsung/Apple/Sony ect.. big name brands sussed this company had liquidity issues a long time ago and changed terms to COD...Dick Smith needed the suppliers to maintain cash flow and couldn't buy the brands, so they stuck one on display but had none for sale. Dick Smith was a reasonably big well known store with hundreds of branches. The only people supplying them were the smaller companies who no doubt thought they had a "great relationship" and were "building their business" now they are unsecured creditors waiting in line for whatever crumb they can get off the table, if there is any crumbs after the liquidator and the banks (secured creditors) take their cut. Who would have thought? And God help you if you have a gift card...it was financial rape.