Meh. It was destined to fail as soon as they couldn't pay their own employees to meet the first loan payment.

The really fucked up thing is that Rhode Island is probably fucked now. They loaned out something in the neighborhood of $75 million and they've just now been paid $1.5 million or something like that and probably won't get much more.

Feel terrible for the people working there, but I would have been getting the hell out of there as soon as I found out what the company was doing to stay afloat.