Earlier this month we posted about the impending doom of Pubsub. In one of the most public posts by a CEO about the state of their company and the situation that led them there, Bob Wyman of Pubsub paints a not-too-pretty picture:
I can’t deny that things are not going well for us. Our days are numbered. A recent attempt to execute a merger has been blocked and we’ve been blocked from raising equity financing that would allow us to continue to pay salaries and pay off our $3 million in debt. Thus, our “doors” will close soon if we can’t find someone to pull us out of the current situation. Persons with fast access to cash and a desire for some of the industry’s best technology are advised to contact us rapidly…
