I have no issue with a business going broke (very unfortunate,...

I have no issue with a business going broke (very unfortunate, but it happens - especially for high growth businesses) ... what I have an issue with is the non existent disclosure ... What happened to all the inventory? How was the debt restructured. Who is the beneficiary of the "realised" LLC business - i.e. who is the new owner and what price did they pay for it? If it is a related party, then that would be of interest. As a shareholder, I would like to know what happened.

Net assets were $2m mid last year just before their biggest seasonal period.

... I have written this off (a while ago) ... but the manner of financial accounting given to shareholders has been far form transparent.