Oh horse manure
He is a guy I have known for years and used to do business with him . 0care would of put him out of business anyway. He tried to sell but no takers. His business was contract manufacturing. He would assemble devices for others - a type of a job shop if you will.
Now do you want to retract your statement or ....
BTW he is not the only guy that I know that used to own a successful business. A guy that was very active in the chamber of commerce had a small distribution company that supplied C-stores with items. He went down three years ago. He is now manager of a fast food restaurant and not happy but employed.