If you're drawing a nice salary and siphoning money off into other corporations that you have interest in, there's no need to send up any red flags by selling stock. Hell, you can cry along with everybody else about how the stock is worthless. To do otherwise is to concede fraud. Instead, take the hit on what little stock value you lost as a gambit in the event of legal ramifications to the company bankruptcy while moving your cash to offshore accounts (or where ever).
As for vendors backing out.... Did those vendors ever make announcements that they were in? I don't recall such. It was always Elio making the announcements. Granted, they couldn't do so without concurrence, but the point is that Elio was the only company that was making such announcements. That said, do you honestly expect Elio to announce that parnters have pulled out? I sure as hell don't.
No, they aren't officially dead. But then, some poor slob who's just had his intestines eaten by a lion isn't dead until his heart stops beating....but everybody knows how that story is going to end. In the same spirit, legally Elio still has a pulse but I don't believe there's a doctor on the planet who both has the skills and the motivation to save Elio.
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]. It does give the Naysayers some fodder, because misery loves company.
