Your company is in ruins. Your board of directors has ousted you in a coup d'etat and you are no longer in control. You have liabilities totaling nearly 100 billion yen. You haven't paid your employees in months.
Pretty much all of the news we've seen about Nova's collapse has focused on the business aspect--Nova's management and the efforts of the General Union. When it comes to the instructors, the media privileges the union representatives. They go to them for quotes. When the media does talk to an actual instructor, you generally get a predictable sound bite or quote: I need my paycheck! My bank account is empty! I'm eating nothing but instant ramen! Here are two video blogs that put faces to those voices.
More red meat for the grinder. The Yomiuri Shimbun reports that Nova president Nozomu Sahashi was the sole owner of Ginganet, the company that sold videophones to Nova.
According to the article, Nova's trustees announced in a press conference that former president Nozomu Sahashi, who was the sole shares holder of the company Ginganet, sold videophone systems to Nova a several times the list price.