Friday, after more than a week of abortive management restructurings and a failed deal with an investment company, VisionTek called it's remaining employees together and issued their final checks.

Also, they notified their ex employees, and those who'd come in to collect their severance checks, that no more severance was being issued. And that all deals with them as to severance packages was null and void.

VisionTek is now owned by the bank, which is in the process of liquidating the company.

This has already claimed one of VT's suppliers, when VT failed to make payments, the supplier folded. This may also affect TotalEMS, a manufacturing company that was a supplier for VisionTek, and is owned by the "owners" of VisionTek, as TotalEMS was picked up in bankruptcy proceedings to begin with.

Also, for those waiting on, or sending in mail-in rebates for VisionTek products? Don't bother. The rebate management company stopped honoring the rebate offer when VisionTek stopped paying them.