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I worked at Performance Fibers full-time (More than a year)
Good people to work with on my team and some in other areas. They also have a product that they cannot make fast enough for their customers.
This company simply cannot pay its bills in a timely manner. And this is killing it. Multiple vendors and service providers have put us on a " cash up front" basis. Leadership also makes promises on capital investments that never happen. In fact, major capital assets keep getting sold off to raise funds to operate the business with. The fear is that the the company is running out of things to sell to raise money to inject into the operations. Once that point is reached the doors will closeZ. The fear of bankruptcy looms.
Advice to Management
Sell the company to someone who could keep it afloat and running.