They only have $98,000 left in the bank account. This explains why the website was turned off.
This pretty much sums it up.....
Our gross loss for the Second Quarter 2015 was $87 thousand (2014: $0.4 million). Our variable margin was 12% and was impacted negatively by labor inefficiencies and product re-work caused by equipment downtime. Cost of sales is comprised of $1.6 million (2014: $0.7 million) for flax feedstock, utilities, labor, chemicals and water directly related to sales of CRAiLAR Flax fiber and the non-CRAiLAR legacy fiber dyeing business; $0.1 million (2014: $0.1 million) of facility overhead costs and $0.2 million (2014: $0.1 million) for depreciation of production equipment.
C'MON people. This company is going under. They are not restructuring debt, they are not re-vamping their website, they are not improving the business....THEY ARE CEASING OPERATION....THEY ARE CLOSING THE DOORS AND SHUTTING OFF THE LIGHTS...THEY ARE TAKING DOWN THEIR WEBSITE. THEY ARE DONE, FINISHED, KAPUT, GAME OVER. You had plenty of time to get a little bit of your hard earned money out of this pit but you chose not ignore the most obvious signs ever. Please move on people and try to find a way to recover your tremendous losses from this disaster of a company.
Wheeler underestimated the fact that Masa will let Sprint go out of business just to give him the middle finger. The USA ends up with just three national wireless SPs. But Wheeler is on the take with Verizon and AT&T so he gets the last laugh.