The company was Anewco Products. When they got bought out the new owner promised the old owner that he was going to turn it into an ESOP and sell it to the employees. Soon after the deal was struck it became clear that this was just a tax right off for his other company. It’s generating money, but he doesn’t seem to care. They actually went several months without paying the health insurance premiums or 401k, but they were still deducting money for it from peoples paychecks. The owner took the forgivable covid payroll loan, and deposited the money straight into bank accounts for his kids. He fired 80% of the workforce and I’ve heard they’re running a skeleton crew now. We had invested a ton into a big contract for defense products, but they’ve lost the contract, and now who knows what they will do.