What's up with Signet Maritime?

I was talking with some mariners in Jax today and was told a number of Masters, Mates, Engineers, and Deckhands were walking away from Signet Maritime - something about the company failing to get financing from a bank or investors. Anyone hear anything substantive?

The owner is what is wrong with Signet. Huge potential to be an amazing company, until he and his wife touch something. I could go on, but I’m not writing a novel.

Just know that many of the mariners there are damn good folks and I would sail with them anywhere, anytime. Its too bad the owner can’t look past his own ego long enough to see the damage he does.

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Hmm. . . .