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I wonder if they will be returning any money to investors and if so how much.

If they shut down due to lawsuits, don't debt holders (plaintiffs) get priority access to remaining cash?

According to Recode article they were looking to raise more money. Am curious how could they have burned $40mil in ~1.5 years..

Loss leading sales that attracted 1 time customers that either never came back and/or decided to cut them out.

Just goes to show you that all the money in the world can't save a bad business model.