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I have no idea whats going on there other than some payments are missing and there seems to be some sort of court case looming in the balance.
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The problem I am having as moderately interested third party observer (they already banned me from that board...no not for being an asshole, but pissing with someone who was fucking with business), it the secretiveness of this alleged court case. No one seems to know what it is and they are not forthcoming. They are not responding to email in a timely fashion, and it seems many are not getting paid in a timely fashion. This to me are sure signs of trouble in any business. I have seen all the signs before and very, very few rescue themselves when it gets to the point of too many meetings and avoiding your creditors. Netpond may pull it off but the odds, IMHO, are slim to none in its current state. It amazes me why people stay around on what appear to be empty promises (on the surface). Please note the ton of disclaimers in this statement that would never have existed but for the horrendous crap that Shellee Hale is suffering at the moment. A lot of thin ice in this business and a lot of folks need sharper skates.