So why didn't the deal go down? Supposedly, one of the founders, a board member, refused to sign off on the deal! HELLO! We're talking $29.5 million, like in samolee's, like in banana's. So the outcome is that the company files for bankruptcy and the is sold in an auction. Now there's a stroke of genius. Today, the board is being sued by various parties. Now here is a case study for Wharton, Stanford, Kellogg, and the Harvard Business School.
You know, sometimes, just sometimes people are as dumb as a bag of rocks!