NCIX Files for Bankruptcy Following Store Closures
By Simon Hung
December 4, 2017Canadian computer hardware retailer Netlink Computer Inc., more commonly known as NCIX, has officially filed for bankruptcy, according to court filings from the Supreme Court of British Columbia.
No official statement has been issued by the Richmond-based company as of December 4 and their online store remains open, but we’d advise against shopping online given the current situation.
The motion was filed on December 1 and the move comes after the company had announced their intentions to restructure and focus on online sales this past September -- a plan that ultimately resulted in the closures of all stores in British Columbia in November. Back in July, NCIX also closed all three of their stores in Ontario, leading some to question their financial stability and future in Canada.
Former NCIX employee and tech YouTuber Linus Sebastian shed some light on what may have gone wrong, attributing part of their downfall to questionable decision-making and overzealous store expansion while trying to compete with online behemoths like Amazon.
At their peak, NCIX had a total of 12 stores in Canada along with two head office locations. All physical stores are now permanently closed and any customers with existing orders are being advised to visit the NCIX RMA/Service Centre at 13330 Maycrest Way in Richmond, BC or place a cancellation request through their online forum.
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View allhttps://www.youtube.com/watch?v=NUClOMhAwjQ
https://www.youtube.com/watch?v=wnNQfTOrZJQ
Never went to one, but I'm sure a few RFDers waited in line to buy up the goodies .
https://www.privacyfly.com/articles/ncix_breach/
https://docs.wixstatic.com/ugd/2ff03f_c ... f5f33d.pdf
Notable mention:
A-Data $290k
Amex $4m
ASI $2m
Corsair memories $1.1m
EVGA $369k
G Skill $193k
Ingram $2.85m
Bank of Nova Scotia $3.75
Synnex $6.9m
I don't think you can actually make orders though right (like go through payment processing)?
On a side note, the NCIX website is STILL active and running at this very moment! Going to be a headache for unsuspecting people ordering off the website. For fun, I added the $800 PC case on the front page to my cart, says that my estimated ship date is April 29, 2018. Quite optimistic.
Of course that's what he's gonna do, but that doesn't mean he won the award. If I go buy some sports star's MVP award because they went bankrupt and had to auction off everything, then got the named changed on it, you think I should then do that and pretend like I'm MLB MVP of 2012 or something when I've barely ever played baseball? It's scummy behaviour at best, fraud otherwise.
But it's back. Who is still hosting this and why?!
Exactly--and same thing everyone commenting on the video on YouTube has pointed out. Basically YouTube wasn't going to award this clown anything because he clearly doesn't deserve it (YouTube only gives these awards on actual merit not just raw numbers) so he just decided to find himself one and re-badge it or whatever so it looked like his These kind of losers are the people that boast about accomplishments they never really had, as if they have them. You can tell it comes from upbringing too as the guys pops basically thinks Linus is a nobody and says, "nope, we're not selling it my son has a channel with xxx subs!" The first thing I thought when he said that was, "wait then shouldn't he have his own already then?" But then I realised what I said above--YT doesn't just issue these on raw views they actually look at it subjectively to determine if there's actual content there.
As I said it's one thing if you bought it as a fan of NCIX Tech Tips (Linus or otherwise) or if you wanted it as memorabilia of a computer store that "once was" or whatever. But that wasn't the intent here at all. It was merely buying something you didn't achieve to say you achieved it. What a sniveling loser.
I think it's mentioned somewhere, or Linus mentioned it in the other guy's vid (the random other guy that went looking for camera and lighting equipment--basically the only other guy with videos of the auction if you search on YT). It wasn't that much actually and was probably the steal of the auction given it also included that TV lol. I mean not like the TV is worth that much but had it saw prices like the computer parts it would have sold, on its own, for like $2000 lol.
If you look at that guy's channel, you'll realize it's basically a bunch of clickbait videos. While the 1.2m subs is impressive at first glance, it becomes kind of suspicious when you see that his latest videos don't even crack 25k views and his last upload was 3 months ago. Basically either those are sub bots or the channel is failing at retaining viewership. He said youtube never gave him a plaque. I guess it makes sense when the channel is pulling nowhere near the numbers the sub count suggests.
We don't know how much he paid for the lot. Perhaps Linus backed out when he realized how much it would cost him. Besides, Linus had no one but himself to blame for missing the bid.
I also don't get why someone would want a YouTube plaque that actually has nothing to do with them? Isn't that like having a Gold Record you weren't the artists/part of the band for? Like having someone's Oscar when you weren't the person named on it? I mean okay I get it if you're a fan, particularly if the artist has passed away or something, but what else are you going to do with these things if they weren't awarded to you/your work/something you were a part of? The stranger thing is the guy did not even know who Linus was, which was pretty mind-boggling. Like okay he bought the entire lot so he could have the YouTube thing...for NCIX Tech Tips. Okay maybe he was a big fan, so it might make sense. Yet he didn't even know a thing about it??? Just strikes me as incredibly odd. Then Linus doesn't buy it off him and even suggests to him to change the name on it or whatever--again, what's the point in that? To fake an achievement/accomplishment/award that you never got yourself? Messed. Right. Up.
The odd thing is I wonder if they really care. Like the guy buying the keyboards for insane prices. Linus goes up to him and he just seems to be off in his own "zone" bidding away on things like some kind of spaced out weirdo, lol. Not even a care in the world what he's buying or what it's worth, just like "uh here's something to bid on might as well keep going until I win!" The strange explanation of "it's here now" is proof that some of these people probably have some kind of problem similar to a gambling problem but with auctions.
pretty much sums up the auction.
I wanna see the reaction on the person who spent $2500 on a bunch of GPU coolers.
the guy who paid $2k for few GPU coolers tried to flip them on CL, as video cards ROFL!
Corsair K60 keyboard for $300 cuz it's about the fun of bidding.....
someone's streaming it for those curious
LOL at those bids.
SOLD for $350!
Dang I missed out!