Personally, I think this is a manipulation by P2F. I thought the PR was vague. "The company's restructuring efforts have failed to achieve expectations or intended results and the company lacks sufficient cash flow to maintain normal operations and meet its current financial obligations." It never says the deal with P2F was terminated. (although one might think that). The stock tanks and P2F can pick up a ton of shares for next to nothing and either make a bundle when they turn it around, or they go private. They also clean house of the old vbdg people. I would love to find the termination agreement with Nancy and anyone else who resigned. Are they public info? this is one the SEC should definitely look into.
The think to keep in mind on P2F is the royalties for the product sales were never clearly defined. P2F had them by the balls and its very possible any revenue to VBDG beyond those upfront payments was completely trivial. VBDG's cut could have been 2 million dollars plus a penny per item sold.
If you were trying to avoid it the best thing you probably could have done would have been to get some color from the company on exactly what those residual revenue streams were although based on what some have said I am not sure you could have trusted the accuracy of the answer if you got one.
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