As of the first week in March, California-based iMind—an educational software company with more than 70 employees—had thrown in the towel.

No formal company statement that iMind was closing its doors was issued, and no board members or company executives were available for comment. The iMind web site, still up and running, makes no mention of the company's last days.

According to CNN.com, however, the company had just one employee left on March 3, Richard McWilliams, a senior developer. McWilliams explained that company paychecks stopped coming at the end of

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