Coil:

 

Could be drop shipping gone south?

Anyways, Go see a Lawyer or CAB. I would assume as one said above they will liquidate the company and you as a creditor if they are a drop shipper is in a bad position. 

This story has been concluded on fairgo this week. Second story in.

https://www.tvnz.co.nz/shows/fair-go/episodes/s2020-e22 

Wasn't a drop shipping issue, it was a meth dealer problem. 

So, the scammer has now been sent to prison for 2 years. 

I was wondering if that was Geektastic interviewed as one of the victims?

It is actually a pretty sad story, of a telescope enthusiasts slide into meth addiction, lost his family, business, and reputation.  And, he defrauded 20 odd victims of around 100k.