This article was posted yesterday: http://www.jsonline.com/story/money/...ted/363517001/

Unable to secure other investors or a buyer, Melvin said the decision was made to liquidate.

“We had numerous investors and buyers who came very close to acquiring the company in the last four months, but it didn’t go through,” he said.


I guess that explains the delay in the auction. It's hard to believe they had buyers that "came very close to acquiring the company" but LAP chose to liquidate instead.