At approximately 4:15 pm today, my boss’ boss asked me to come with her into the main conference room because “they” wanted to speak with me. “They” would be the board members who have been frantically trying to sell the company due to the fact that no banks are lending and therefore my company does not have the cashflow to push it into the next season. We are 2 weeks away from a so-called “holiday season” and therefore, had we made it that long, we would have had some money to float us to Summer.
There have been talks about “back up plans” and “decisions being made soon” but even with the threat of shut down looming in the air, nobody really thought it would come. It did. It came fast. On Thursday, we were talking to 2 potential buyers and we were told we had time. By Tuesday, the buyers had retracted their interest. By Wednesday a new and “serious” buyer entered the picture. Today, the buyer backed out.
My company, as of today, after 9+ years of business, is closed. I was called in to be part of the “skeleton crew” that would keep up operations until the final lights out.