MyManagement101 - Dropping the Ball

<p>We garnered the services of Adel Steyn to perform a Due Diligence for a business we aim to buy. While Adel was performing the the Due Diligence it was revealed that the Seller had no formal accounting system in place. The Due Diligence did verify the Sales and Cost-of-Sales figures as REASONABLE. We require Audited Financials to apply for a business loan from formal financiers. Adel offered to capture all the transactions for the past three year periods and process the books to point where we would achieve Audited Financial Statements. We made payment of a deposit for the future work. The work commenced on 2 January 2015 with an estimate-of-work from Adel for 4-6 weeks. Some barriers did exist in obtaining source documents from the Seller due to privacy issues, BUT these were resolved. Since Adel has received all documentation it has now been TWO weeks that we have not had any communication from Adel w.r.t. progress. Calls are not answered. Her Website is down. Emails are ignored. The Entire Sale of Business is now in a knot at MyManagement101, because we cannot communicate to the Seller what is going on. We have no news or notice from Adel.</p>