Tuesday, November 22, 2011

Whack Another Mole

Power Balance files for bankruptcy!

The woomeisters (actually cynical fraudsters, there's no way they believed this crap actually worked) at Power Balance lost the class action lawsuit filed against them in January and now owes $57 million dollars in refunds to customers duped into buying the spendy yet worthless rubbery bracelets.  Now they are filing for Chapter 11 bankruptcy protection.  Power Balance Australia went under last year.  Power Balance even admitted the con in January.  Now that the class action has been decided against them the corporation has finally run out of track, but not before selling nearly 3 million bracelets at $30 each.  Guess baseball players will have to go back to rubbing magic chicken bones on their bats for good luck.  So, any ideas for a new name for the Power Balance Pavilion, home of the Sacramento Kings? 

All together now: "WOO, Woo, woo, woo, woo..."

Besides, everyone knows the new triple braided titanium ion necklaces are the latest thing in performance enhancing placebo jewelry.