Originally Posted By: Kruncher
Michael,

It's a nasty and long story nasty and long story.

As Peter mentioned, it's a shame for the employees who worked there and were likely without fault, but IMO (and that of many others) it's about time that they shut 'er down.

Competition is usually a good thing, but when there's alleged fraud occurring, how could they possibly continue?


At the end of the day there was the president, CFO and 1 or 2 other employees from what I understand. Most of their additional staff, long time suppliers and engineers either moved on or due to restructuring were let go, up to a few years. The writing has been on the wall for the last few years. There is/was lots of time to find other/additional employment if one wished before the ship finally sank. This is not a surprise at all to the audio community, so it shouldn't be a shock to any of the employees working for them.

I’m armed and I’m drinking. You don’t want to listen to advice from me, amigo.

-Max Payne