Raysonic gone belly up, is this a hoax? Read on...

Found this recently, if this is for real ?

While the employees post seems a bit over the top I wouldn't conclude that they didn't have a basis for it.

Raysonic changed USA distributors about a year an a half ago. I recently read some posts regarding repair disatisfaction with both Raysonic and the original NA distributor which were never resolved - apparently Raysonic would not perform. This distributor is still trying to sell off his old stock.

A new retailer steps in to sell Raysonic - he's never acknowledged on the Raysonic web site and within the year he is selling off a lot of Raysonic stock at what appear to be cost or close there to. Go figure. I don't know if he is still selling Raysonic, but I haven't seen him promoting it on AGon since the 'sale'.

While I'm on the subject, I just had a laser fail on my Raysonic, a very early edition of the 128. The original seller and the 'new dealer' wanted over $400 to replace it. I had it replaced by a local audio repair shop for $180 including the cost of the laser for which the 'new dealer' wanted $125 for the laser alone!

Replacing this laser isn't rocket science. The Raysonic is a very well constructed unit and should last a long time outside of the occasional cost of laser replacement. (BTW, I bought an extra laser for $50 just to be safe in the event I have another failure and this one is no longer available - a necessary precaution I think!.)
Sorry to hear about this. My Raysonic 128 is unquestionably the best sounding player I've owned and has been flawless over the last 5-6 years.
I have owned several Raysonic pieces over the years and all have performed flawlessly. I currently use the CD 238 in my reference system. It bested many Esoteric brands (including Esoteric :) in home and store compatisons. I would not trade its perfomance or sound quality for any other sub $5000 player I have heard. I have been assured and am certain that the dealer I have purchased my Raysonic gear from (Quest For Sound) will properly handle any warranty issues that may arise.
I have owned a number of Raysonic pieces over the years, including the SP-120 integrated amp and several CD players. They have all performed flawlessly. I currently use the 238 CD player in my reference system. I would not exchange its performance or sound quality for any player I have heard or auditioned in recent years. It has outlasted and bested players from Sony,Rega,Cary,Marantz,Unico and Esoteric I have purchased all of my Raysonic gear from Quest for Sound, and have complete confidence that they will handle any warranty issues that may arise.

This subject is not about Raysonic products or product quality, but about whether they did close shop leaving their employees out in the cold or not.