Quote:
Originally Posted by trout_thumper21
Number of possibilities:
1. Legal action regarding the $2,000,000 raised (or portion thereof)…it was sold as “every dollar will go toward the buildout of our retail location”…they even sent an email saying they had officially executed a lease, then did a complete 180. Should have refunded the money but perhaps it was already spent. If this was the case, makes sense a Judge would order their means of conducting business (website, IG, etc.) to be suspended
2. Cash flow issues caught up with them and the house of cards collapsed. Seems they always were in a cash crunch yet spending money like it grows on trees. The inability to secure a lease was a red flag
3. Had a falling out and Anthony bailed with a duffle bag full of cash and inventory, and is on a beach in the Bahamas
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Jumping to conclusions is great fun.
Could be as simple as a poorly executed rebranding / replatforming.
Worse case scenario… they filed for bankruptcy protection and they will re-emerge in the future.