Wowio Deathwatch

Chris Crosby recently tweeted that Plantinum/Wowio still owes him money from the second quarter of 2008. Plantinum President and COO Brian Altounian responded by saying that they're still "working on it... It's got to come from investors since revenue dollars are still low. Investors don't like old debt."

So what he's saying is that he can't pay off Chris and however many other creators he owes because he's screwed up enough that potential investors think he's a bad risk, and potential advertisers think his products aren't worth advertising in, and his potential customers aren't buying his stuff.

I'll add to the equation that reporting from Alexa, Technorati, and Google all point to a general decreased interest in Wowio...


(Note that Google's chart, by the way, has to change scale in mid-2008 because numbers had dropped so significantly.)

I don't know how much money is owed to all the creators by Plantinum/Wowio but at this point I'm pretty sure they're not going to get paid. Keep in mind that Plantinum's staff has been working on minimum wage since last October as it is. Frankly, I can't understand how they're able to remain in business if they can't pay their employees beyond minimum wage and they can't pay off their debts and they don't have any money coming in.