... Now that we have been over the gory details of our disastrous first quarter , Ed ! Give us some good news . How are things looking for us in terms sales this month ?   Uh well ... would you like the bad news first or the really bad news ?   What ? Ed , don ’ t tell me you only have bad news !   Well sir , our sales have dropped , no plunged , fifty percent in the past month alone . We are currently overstocked and overstaffed and our profits refalling fast . The market is in recession and we have no way of moving our inventory , or getting rid of our staff . If we consider redundancies , it would cost us a fortune because of the new regulations governing compensation packages . It ’ s a real mess .   For crying out loud ... How fast are we losing money ?   Um ... how can I put this ? Let ’ s just say that at this pace , we will be filing for Chapter eleven in less than three months .   What ! Geez ! How could this have happened ? So what ’ s the bad news ?   Oh , that ’ s the really bad news . Our supplier suffered QC problems and , well , half of our production is faulty . We ’ re going to have to recall all itemssold in the last quarter . And the worst part ? We ’ re going to have to shoulder this cost .   Are you joking ? Get the supplier on the line now ! They have to assume the costs of this mess !   We tried that , sir . The factory has gone under and the owner apparently has fled the country . 