Mad Cats har gennemgået nogle ganske hårde år, og firmaet blev for nylig helt fjernet fra aktieindekset i New York, siden deres aktieværdi simpelthen var for lav. Det var et tegn på at enden var nær, men det noget tyder på at de ikke fandt nogen løsning i sidste øjeblik, for firmaet har lagt sig konkurs i både Canada og USA.
Karen McGinnis, der var præsident og Chief Executive Officer har sagt følgende om beslutningen:
"Regrettably and notwithstanding that for a significant amount of time the Company has been actively pursuing its strategic alternatives, including various near term financing alternatives such as bank financing and equity infusions, as well as potential sales of certain assets of the Company or a sale of the Company in its entirety, the Company has been unable to find a satisfactory solution to its cash liquidity problems. The Board of Directors and management would like to acknowledge the outstanding efforts of the Company's employees in support of its business, especially during the time that the Company faced financial difficulties. The Company would also like to thank the vendors and professional service providers who have supported the Company's efforts during this time."
Hvad dette betyder for firmaets resterende produkter på markedet vides endnu ikke, men det er PriceWaterHouseCoopers der håndterer firmaets aktiver fremimod opløsningen.
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