I don't consider this article to contain any information from the CEO's interview other than "yeah, we're bankrupt". It also confusingly transitions into an ad and signup appeal for an innovations award ceremony.
The EDC agreed to help find funding, then reported back that they tried and failed, and then put the company into bankruptcy and took over the company for pennies on the dollar. I wonder how sincere their help was.
That's actually an interesting story that I totally failed to get by reading the article! I feel bad about criticizing the article now when it was just too neutrally phrased for me to get the gist.
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[ 4.1 ms ] story [ 33.4 ms ] threadPension plan investing in a startup? Is this common? I would have expected them to be much more risk-averse.