ˌɔn ˈɔːɡəst tˈuː, tˈuː θˈaʊzənd sˈɛvən, mˈaɪkəl stɹˈɔːs sˈɛnt ɐn ˈiːmeɪl tə ðɪ ɛntˈaɪɚ kˈʌmpəni ɐnˈaʊnsɪŋ kˈʌmpəniz sˈɪɹiəs faɪnˈænʃəl dˈɪfɪkˌʌltiz.
On August 2, 2007, Michael Strauss sent an email to the entire company announcing company's serious financial difficulties.