In an open letter to the community Runestone CEO Lars Kroll Kristensen announced that his company has officially run out of money, cannot pay salaries, rent or hosting fees, and therefore filed for bankruptcy. The past two months he has tried to sell a partnership deal to various publishers and MMO companies, but in the end nothing materialized. Its MMORPG Seed will be winding down with a goodbye ceremony this coming Sunday at 20 CEST.