PixlBit

I'm not sure if any of you follow the wild world of German-based-shoe-companies-that-sell-them-in-China, but if you did, you would surely know the travails of Ultrasonic. It's probably one of the biggest heists in German-based-shoe-companies-that-sell-them-in-China history.

Fortunately the company may avoid total collapse and cut a deal with their creditors: SHOE COMPANY: Our Ex-CEO Who Disappeared With All Our Money Called Us Over The Weekend, And Said He's Coming Back. There are rumors going around the German-based-shoe-companies-that-sell-them-in-China community that the executives who disappeared were the same person, but I think that's a little silly.

The links above contain a lot of the epic backstory from the company's board room meeting and press releases over the past week. It's a bit hazy and difficult to follow so I've gone through them and formed a handy timeline of events. Click here for the full size version.