Financial Difficulties Galore

Barbecues Galore with 74 high rent corporate and franchise retail locations nationally is said to be at, what could be, an un-navigable hair-pin "bend in the financial road", so say several store managers, distributors, and industry insiders.  BBQ's Galore was an Australian public company taken private by an Australian private equity investment group, Ironbridge Capital 3 years ago.  At least some US franchisees claim to be doing well, though recently they were forced to take over purchasing direct from vendors.
There have been no public releases of information, and the corporate offices of Barbecues Galore when reached refused to comment on this story.
We will follow this story as it develops.
UPDATE Aug 15:  Nothing.  No news.
UPDATE Aug 18:  Rumors Galore.....but still waiting for news
UPDATE Aug 18:  Barbecues Galore files for bankruptcy, finally.  We are always very concerned about using the term "bankruptcy" before bankruptcy is declared since the term is so final, official, and loaded with meaning, none of which is good.  Terms such as "un-navigable hair-pin "bend in the financial road" allow for a nuance, an ever so slight spin, the possibility of anything, which we hope keeps the exits open the lawyers at bay.  In the process of filing for bankruptcy, Grand Hall takes a dive on the Taiwan stock market so steep that trading was stopped.  So how stupid are we?  August 11, we know that BBQG is down for the count, and we don't all sell their primary supplier, Grand Hall short.  Duh.  Bloomberg's Report.