Flagship Studios goes the way of the Dodo

It was only a month ago when our own PC editor Justin Villesenor spoke with Flagship Studios programmer Guy Somber in regards to a post he made on his blog that made it sound as if things were looking dismal for the future of the studio. Somber described the state of things as "business as usual" after being questioned, and people assumed things were fine and went off to scrutinize other industry nooks and crannies.
Sadly, it seems all the statements were no more than just words — Flagship’s community manager, Taylor Balbi, revealed to VE3D today that  Flagship and Ping0 has been officially shut down. Employees were informed at a company meeting that the studio’s last day of operation would be Saturday, July 12th. Balbi also revealed that three higher-ups helped pay the final 30 days salary for all employees out of their own pockets.
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Original post by mrdestructoid@gmail.com (Destructoid.com) and software by Elliott Back