I am very sympathetic to the founder, and he made a lot of very bad decisions (that he admits) but ultimately, the reputation coming out of karma loop locally w

I am very sympathetic to the founder, and he made a lot of very bad decisions (that he admits) but ultimately, the reputation coming out of karma loop locally was that they were way in over their heads and a dumpster fire. I think this cautionary tale is important and worth reading, but taking on a bad loan wasn't the only issue they faced. The other side of the fence has a private equity company realizing they may have just entered into a world of chaos and taking the steps they felt necessary to protect what capital they could. Not understanding the repercussions of the financial moves you are making on the company's future may be an indication as to the general sloppiness of which the company is conducted.