In its bankruptcy filing, Ugobe reported assets of $1.6 million, including $1.5 million in machinery to make Pleo in Hong Kong, and liabilities of $3.6 million.

In its bankruptcy filing, Ugobe reported assets of $1.6 million, including $1.5 million in machinery to make Pleo in Hong Kong, and liabilities of $3.6 million. Wow. Chicken feed. And yet the billions that exploded with Lehman probably upset fewer vacation plans.