Zunch, an SEM company based out of Dallas, has just filed for bankruptcy.

Tell me if this excerpt from someone in the know sounds familiar.

While clients that stayed on with Zunch Worldwide were not affected, any unsecured creditors were basically hung out to dry, left to muddle through a bankruptcy process that is bound to be fruitless, since the Zunch Communications entity has no assets to speak of, other than the payments that Zunch Worldwide will make over a period of time. Zunch is spinning this bankruptcy as a part of a larger trend coming to the industry, but others say that’s not the case.

Coincidently, the VP of Zunch was former Websourced indoor golfer and VP , Chad Lomiglio. hmmmm