All Atrinsic Interactive clients received a letter stating that the company is pursuing a bankruptcy filing, which also informed the client that they are being released from contract with no further financial obligations. Simply put, Atrinsic Interactive has no more clients.
If 540 companies got this purported letter, wouldn't that knowledge almost certainly somehow have made its way back to this board, if not even a copy of the actual letter?
It just seems too strange that after all the DD and contact that has been made by so many here that one or more of the clients would not inform someone or this board directly of such a letter.
And aside from all that, can a public company tell a select group (in this, all its clients) that it is planning to go bk before telling the market? This last question I would think is black and white, either yes or no. Some of you smart, informed posters must know this answer. Please weigh in on this! Is there any situation where a public company could announce bk to a select group and not the wider market?
Market Data 
Markets 
AI
