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A comment on Bench accounting services shutting down. Parent comment

Re:Bench accounting services shutting down by jnwatson on Friday December 27, 2024 @06:29PM (#42527044)
It is irony of all ironies that an accounting services company would be surprised about their own insolvency.

In reality, they had to have known for months. The director were probably just holding out for a Hail Mary funding injection.

This is bad bad business, especially for a financial services company.

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Re:Bench accounting services shutting down by BehindBlueEyes on Friday December 27, 2024 @11:01PM (#42528447)
For sure staff was surprised, leadership not so much (I'd hope) but bear in mind the CEO was replaced just ~a month ago.

I bet they were hoping for a christmas miracle.

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Re:Bench accounting services shutting down by datavirtue on Saturday December 28, 2024 @11:40AM (#42532204)
The investors aren't going to let you burn all the cash just because. They want out now with whatever is left so they can flip the coin to the next bet.
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Re:Bench accounting services shutting down by thayne on Saturday December 28, 2024 @01:47PM (#42533383)
Maybe if the investors could be held liable for the damage they cause for suddenly shutting something down like this, they would be more likely to give customers more warning before shutting something down.
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