Sorry, no -- the company isn't bankrupt. It laid off a large staff who were working on R&D of new assets to avoid bankruptcy over several months.

I was interested in buying steem, almost did yesterday before bitcoin popped up 10%. The rewards for our blogging activities are becoming quite insignificant absent an investment in ourselves. Today I been waiting for bitcoin, and thus steem, to tank a bit more before buying. Then I see this. I am not sure I want to buy now. keeping your business relationships propietary is one thing, a more open dialog about the financials is another. I understand the legal distinction in denying that these coins are a security, but they certainly are investments.

So who or what is the fudiciary of steem? Should we ask the SEC or a federal court that question, or would you provide us the candor we need?

If there had been more openness, you might not have brought up the topic of bankrupcy. It could have been adverted if there were dialogs about creative revenue streams. If you listened to concerns about these SMTs, you might have limited such research instead of going full throttle. Was the company hit hard from the crypto nuclear winter, perhaps someone could have recommended diversification. Are your offices in a major city? Why not a rural part of the world, or a rural part of the US is the USA added to legitimacy.

I believe heard reports that the layoff was 70% of the staff. I doubt that they were bringing home big money compared to the executives. So these cuts that was suppose to stave off bankruptcy that could of happened in a few months, will delay bankruptcy for much longer? Especially during this crypto nuclear winter. Is not keeping an open book part of a legal strategy to deal with some creditors in hopes they will accept a lower percent on the dollar prior to discovery?