Le Nature's filed for Chapter 7 Protection today (this indicates bankruptcy is near).
Barry G. writes: Le Nautre's is going to "file for Bankruptcy and that it appears the Co was after all fraudulent enterprise according to court documents. Their audited statements show about $275mm in revenues but the court appointed custodian says they can only show sales of about $32 million. Bonds went from 100 yesterday to 5 today."
More articles on Le Nature's downfall are at:
pittsburghlive wsj I have known that this company had some corrupt people in it for a while now, since people from the company and their lawyers have been harassing me for more than a year. See the review I wrote more than a year ago at
http://www.mit.edu/~sil/lenatures/jaysilver/lenatures.htm
It’s too bad that it took this for people to see the naked emporor through the “tunnel pasteurization” and “pure mountain stream” water.