Things seem to be going from bad to worse with them, they fired their techs for lying but instead of hiring new ones he is now making posts saying that unless he can find a company to merge with he may go under.
Personally i think its a panic reaction, his good rep on wht is decreasing because of the problems and instead of taking time to think things through he is panicking and making his customers panic too.
If he goes down i will need another reseller as my other account is now full and i really hate having to look for new hosts