I'm not sure how far back it goes. I didn't know potential acquisition talks went back as far as they apparently did.
There was certainly the unusual resurrection of therealstanlee.com website this year. That should not have happened with a company near bankruptcy. It was suspicious when POW! suddenly stopped communicating with shareholders in 2012/2013.
Not trying to recover (much needed) money from the SL POWer Concerts partner, is another clue this could go back years. They could have sued, or sent it to a collection agency, but, they wrote the money off.
How much money did POW! spend on other projects with little to no return ("Lucky Man Chronicles", "The Reflection", etc), these are not things you spend money on when the company is going bankrupt.
There is also the indication POW! did not cut staff when they started putting up the going concern notices, I doubt they cut staff until late last year, early this year.
I think it went on longer than we would like to think.
Edit
There are also the accelerated payments for the deferred salary. The original amounts were supposed to be $50,000 each per year, some how that got accelerated to $100,000 or $200,000 each.
