June 20 this year, the polar route of the 0 Yuan purchase partner I Fortune platform to suspend the expiration of the project to honour and stop the new hair all investment target. Wang Zhuyun, founder of the Pole route, released an open letter saying the company's cash flow has broken down and is not functioning properly, but the root cause is the influence of partner I's wealth on the case of ' illegally absorbing public deposits '.
The next day, I wealth of the company of Shenzhen Qian Hai tai Fu Capital Management Co., Ltd. for suspected ' illegal absorption of public deposits case ' was filed for investigation.
June 30, the polar Route issued a bulletin, said already the first time with the Shenzhen Futian police station to contact, will fully and the relevant investors to launch advocacy action, but has not made substantial progress. In an internal letter, Wang Zhuyun said I the occurrence of wealth events, so that the normal operation of the company has been unable to continue, and by the Fibonacci, the impact of 0 yuan shopping events, Jingdong has included all financial products including block chain all the shelves, the most central route to the core of the sales channels were forced to block.
At the same time, suppliers have also come to demand the pole route immediately payment due, one of the largest suppliers 2017 due to close to tens of millions of dollars. Wang Zhuyun Frankly, the core sales channels are sealed, supplier reminders, bank loans expired, block chain cooperation, all of this crisis at the same time, so that the route of the pole is not comfortable cash flow directly fractured, tens of millions of of liabilities, already insolvent, is facing a greater crisis than the end of 2017,
All expenditures will need to be paid on the basis of sales reimbursement, including July employee salaries.
In the past two years, Wang Zhuyun pledged house loan 7.2 million lent to the company, immediately have 1.6 million expires to return to the bank, at the same time the company June's intellectual property 7 million also is his real estate mortgage, in addition he also to the friend loan cumulative more than 60 million, still has more than 30 million borrowings in the company.
Wang Zhuyun reluctantly said, as the founder, he also helpless, will stick to the last minute, but I am afraid also beyond resurrection, may fall at any time.
Full Letter: June 20 this year, the polar route of the 0 Yuan purchase partner I Fortune platform to suspend the expiration of the project to honour and stop the new hair all investment target. Wang Zhuyun, founder of the Pole route, released an open letter saying the company's cash flow has broken down and is not functioning properly, but the root cause is the influence of partner I's wealth on the case of ' illegally absorbing public deposits '.
The next day, I wealth of the company of Shenzhen Qian Hai tai Fu Capital Management Co., Ltd. for suspected ' illegal absorption of public deposits case ' was filed for investigation.
June 30, the polar Route issued a bulletin, said already the first time with the Shenzhen Futian police station to contact, will fully and the relevant investors to launch advocacy action, but has not made substantial progress. In an internal letter, Wang Zhuyun said I the occurrence of wealth events, so that the normal operation of the company has been unable to continue, and by the Fibonacci, the impact of 0 yuan shopping events, Jingdong has included all financial products including block chain all the shelves, the most central route to the core of the sales channels were forced to block.
At the same time, suppliers have also come to demand the pole route immediately payment due, one of the largest suppliers 2017 due to close to tens of millions of dollars. Wang Zhuyun Frankly, the core sales channels are sealed, supplier reminders, bank loans expired, block chain cooperation, all of this crisis at the same time, so that the route of the pole is not comfortable cash flow directly fractured, tens of millions of of liabilities, already insolvent, is facing a greater crisis than the end of 2017,
All expenditures will need to be paid on the basis of sales reimbursement, including July employee salaries.
In the past two years, Wang Zhuyun pledged house loan 7.2 million lent to the company, immediately have 1.6 million expires to return to the bank, at the same time the company June's intellectual property 7 million also is his real estate mortgage, in addition he also to the friend loan cumulative more than 60 million, still has more than 30 million borrowings in the company.
Wang Zhuyun reluctantly said, as the founder, he also helpless, will stick to the last minute, but I am afraid also beyond resurrection, may fall at any time.
