Adding to that, the good old excuse "funding is coming", I've heard that before. From the article: " “We had an indication from the investor that we’ll close t

Adding to that, the good old excuse "funding is coming", I've heard that before. From the article: " “We had an indication from the investor that we’ll close the funding by September end and we gave a 45 day period (for the F&Fs). But due to a bad market, it took time to close the deal and we were extremely cash crunched. So we requested people that as soon as we get new funding, we will shoot (off the payments). We told the old employees that money was coming on the 15th and we’d distribute it the same day.” I'm not sure about India, but in Uruguay, severance pay is HUGE (usually several salaries) and can impact very heavily a company.