Who are the shareholders of NAFA? Is it a Public traded company? If not, then is it a Cooperative?
It seems a lot of the cash flow arguments are pretty thin. This is a fur auction is it not?
You get paid when They get Paid, in the normal Auction world. Except you did not get paid. But they got their commission, and then some!!
If it was a Public company or a Cooperative, then there could be some accountability through a Board of Directors.
Otherwise, you will get no accountability.
Perhaps a Purchase Money Security Interest on the Assets to be sold, registered at the Personal Property Security Registry, and discharged on payment to you, would have been a safeguard. Then no interest could pass until they cut you a cheque that did not bounce.
Drewski
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