Ann: Responsible Entity Appointment/Resignation, page-5

Its official, we are Fu#&ed. This will be chewed over for years as to what went wrong but the Labcon fiasco was when we all should have jumped. I suspect Labcon will pick up the bits and do very well from it.
We are left to ponder what went wrong. Was it a product that was not needed, wrongly focused on too narrow a market, didnt meet expectations. Time will tell. A victim of the times. Who knows.
A lot of people who backed this for a long time are going to be hurting bad now. I know I am.
The only consolation is that board members had a lot of skin in it as well. Not much consolation when you have lost hundreds of thousands. This fu%#en sucks.