Hey all, I wanted to take a minute to send you an update on the status of the company.
First of all, I want to formally apologize to all of you for having failed as the leader of the company.
Although I believe that my overly optimistic outlook and drive to grow quickly led to much of the company’s success, I also believe that it ultimately led to the company’s downfall. A lot of you trusted me with your personally savings and I failed and am truly sorry.
The Status of the Business:
Nothing has changed in regards to the status of the business. We have had very few interested parties come to the table who are interested in purchasing the business assets. Our landlords (Kilroy Realty) were planning to give us until February to find a buyer, but at this point are essentially just continuing to sit on the building until someone comes along.
Kilroy has asked me to remove the remaining items from the building that they are considering “personal property”. This includes all of the furniture, small kitchen equipment, pool tables, misc. branded goods, etc. I have hired Rabin Auctions to facilitate the sale of this “personal property” which will be held on April 6th and can be viewed here: Upcoming Auction.