What really happened at LivingSocial?

Uh you don't think the most important story from public interest point is what it means for 1,000s of barely getting by local merchants that their place in line in a bankruptcy - which looks more and more likely - since LivingSocial per Fortune says was down to just $28 M before this emergency financing - so end of Feb had $28M + $110M new money so = $138M cash now (but still owed those 1,000s of local merchants within next 30-60 days over $350M) is not the most important part of what's going on at LivingSocial, and that privco was trying to sound the alarm to local merchants and employees that LS doesn't have the cash to pay them in full?? How will merchants survive? (If you've ever had a family member run a restaurant or hair salon, they barely survive week to week. They served the food, they did the haircuts. They're owed their money. They have a right to know whether the company that owes them the money has the money to actually pay them on time or at all, don't they? If not, shouldn't they refuse to honor any more LS vouchers and save themselves? To me who has several family members who are small local business people like this (and yes some have recently run LS deals, thinking that with $850M and amazon name they can count on it coming on time on the 15th or the 20th next month and are timing their paying their bills the moment they receive that LS check. You don't care about that? What exactly is important to you?

Privco exposed the balance sheet on 12/31 in black and white...massive shortfall in money to pay those merchants, massive losses, even worse terms to get final lifeline. And it was all based on math that can't be denied, unless you are a troll for livingsocial PR or have your head up your ass.

I thought they only cover IPOs or huge private companies. Go to their home page and see their "articles" (Featured Research). Scroll through - no way any of those huge companies are yours. You created that "onetimecomment" anonymously and made it up and then disappeared. That's not intelligent discussion, that's a provable defamatory lie. Where would your little company "without resources to sue" be exactly? Facebook? Palo Alto Networks IPO? Twitter? Where? Liar.