Did Solidoodle Really Run Out Of Money?

So what happened to this company that once held such promise?

According to a former employee, the company has been struggling for some time now. This employee, known only as Solinonymous, has peeled back the curtain and given us a peek at what s/he has been seeing:

“It started with the Press, which without getting into too much detail, was/is a complete disaster. Production tapped out most of our funds and the port delays meant that we weren’t able to re-coup those costs as quickly as we needed. Plus, the Press pre-order campaign meant that we were pretty much shipping the printers at a net loss.”
“problems continued to mount, the company began to miss payroll deadlines…in addition to completely dropping the ball on refunds for unprovided services. However, loyal employees tried to tough it out and soon there was some promise of new investors who would give the company the necessary cash infusion to keep it afloat. As the round of fund raising was completed, there was new money, and with that, new hope.

Unfortunately, it didn’t do as much to alleviate the situation as would have been hoped, Solinonymous continues:

“Turns out most of the funding was used to pay off debts and it wasn’t long before the prospect of missing payroll again became a reality. Last month they called a company meeting and laid off pretty much everyone…obviously, there’s a whole lot more to this story but the bottom line is that things don’t look good. If you have an unfulfilled order, unfortunately, I wouldn’t get my hopes up. If you’re looking for a refund, I would start exploring other avenues to recoup…because there isn’t any money there, and if there was, refunds are not very high up on the list of priorities.”

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