Another Dot Com Failure?

Reuters News reports that as of Last Friday, Stan Lee Media, Inc. announced it was suspending production operations and had laid off a large portion of it’s staff because it was unable to obtain new financing. In a public statement, the company blamed a recent drop in the price of its stock below $1 for causing a $2.2 million bridge financing agreement to fall through. Several “key” executives will reportedly remain within the company.

Source: Anime News Service