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July 22, 2004
Oryan Management closes
I guess we should have all seen this comming. Oryan Management is now closed. I also assume that, had you not paid your promissory note, you would now be out of it as the holder has gone out of business (unless someone buys the notes and attempts to collect, which I suppose could happen...stay tuned!). I also wonder how far in advance these messages were written. This entire thing seems so scripted (except for the apparent suicide).
Date: Thu, 22 Jul 2004 11:55:24 -0700
From: "Chung Phan (Chris)"
Subject: Mall Status Update #7
Dear Mall Owners:
Oryan Management is forced to close. The NADN Bankruptcy Estate owes Oryan $670,000. Oryan has had no revenue since the NADN Bankruptcy. It has burned through all its cash looking for new ways to generate new sales and has failed. Besides the fact that Oryan is a service company, not a sales company, the Internet bad press regarding the DOJ lawsuit, and Oryan’s vendor relationship to NADN have been severe barriers to gaining new sales.
Without compensation, Oryan has kept Mallforall.com and Shopn2000.com Internet shopping malls active. We have paid the hosting fees and continued to develop new enhancements to the mall. The intent was that it would provide you, current mall owners, with additional ways to generate revenue from your business, and provide Oryan with new sales channels. However, we ran out of money before achieving our goal.
All employees have been laid off, with the exception of a few to help close the business. As of July 22, 2004, the servers will be shut down and Mallforall.com and Shopn2000.com will no longer be accessible.
Oryan staff enjoyed the thousands of hours spent on the phone talking with you mall owners interested in running your businesses. We sincerely wish each of you the very best in your future endeavors
Posted by Chris at July 22, 2004 05:37 PM
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Comments
For any others out there affected by this horrible situation, as I am, I believe it is in our best interest to stay in contact in some way. Should someone buy up the promissory notes against us, I believe we will have more strength in numbers than divided. If any one has a good message board or web-site they can share with me please e-mail me at patrickm@trouble.ws.
Thank you and I pray this all blows over with out too much more grief.
Regards,
Patrick
Posted by: Patrick at October 28, 2004 01:51 PM
For any others out there affected by this horrible situation, as I am, I believe it is in our best interest to stay in contact in some way. Should someone buy up the promissory notes against us, I believe we will have more strength in numbers than divided. If any one has a good message board or web-site they can share with me please e-mail me at patrickm@trouble.ws.
Thank you and I pray this all blows over with out too much more grief.
Regards,
Patrick
Posted by: Patrick at October 28, 2004 01:51 PM