Anyone want to share their thoughts on the closing of Klooki?

On WHT they posted a 3 line "Klooki has closed" with contact information....

There are many threads around the various boards discussing the fact that they simply closed up shop, without so much as a warning to their current clients. Is this true? Or did they have a plan in place?
Was this closing inevitable? Were there any indications? It's one thing close up a company that offers just shared hosting services....it's another to close up shop of a reseller centered service.

Any insight? Comments? Gossip? News?