vaxvms From the Reg article you cited: "But VPN Secure insists in the message, which has yet to be sent to customers, that it “inherited a fragile product” when the sale closed, claiming 90 percent of its user base were lifetime subscribers."
How in heavens name does “due diligence” (even remotely worthy of such a term) overlook the reality that 90% of an acquisition target’s customer base already has paid-for ‘lifetime licenses’? Certainly that should have raised all kinds of red flags about the viability of the business’s cash flow! Something about all of the company’s statements just don’t make sense…