Active is bankrupt. Our source picked up Active’s Chapter 11 bankruptcy filing which explains how Active’s rapid expansion over the past few years required significantly more investment and financial resources - while revenues essentially stayed the same.
As a result, Active is projected to record a $7.7 million loss for the fiscal year ending March 31st. See a chart below which shows the dollar amounts Active owes to certain companies - Nike’s at the top with $1, 494, 757 million owed.
Klik HERE for more info.
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