Wednesday, March 18, 2015 3:05:50 PM
"cease operations"
This is like a big jigsaw puzzle.
You look at one piece and it is hard to see the picture.
But then you put the pieces together.
They borrowed huge sums at high interest
They went in default of that debt and loans
They stopped filing any SEC reports
They stopped any PRs
They reduced their workforce
The headquarters has a for lease or for rent sign
The phone does not ring
The Website is down
Key personnel have left, ones who would be the last
It seems that there are enough pieces falling together to figure this out.
I guess it can be debated here for months because we may never know much for absolute. They just seemed to have "cease operations" with not enough assets to warrant filing bankruptcy.
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