For the fourth time in 20 years, TH!NK has declared bankruptcy and liquidation seems likely.

For the fourth time in 20 years, TH!NK has declared bankruptcy.

While this isn't terribly surprising, considering the company only sold 1,043 Citys in 2010, TH!NK was hoping to attract new investors to stay afloat. Unfortunately, things didn't materialize and the company was forced to file for bankruptcy in a Norwegian court.

As for the future, the fifth time could be the charm but liquidation seems more likely.

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