2. DOWN: EBR Pulls the Plug

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April, 2015: EBR ceases operations for reasons Erik tells us he is not currently allowed to discuss. Our best guess is that he was expecting a chunk of cash from 49% EBR stakeholder Hero, which failed to materialize – but it’s all conjecture for now. From Dennis Chung’s April 15 post: “The turn we recently took, after we thought we were moving forward, was unexpected. We thought we had secured funding, but in the end, we were not able to get the funding in place. Therefore we need to do the best we can under the circumstances for all parties in interest,” says Buell.

“To say this setback is a disappointment does not begin to express what I feel right now. I am personally grateful for the support of our outstanding workers, customers and vendors. While this is a sad ending, I personally hope for a new and better beginning,” Buell said.