My Records Going Down?

"You may have wondered why Lagwagon are re-releasing their "leftovers" record on FAT and why Bad Astronaut decided to put their new record "Houston, we have a drinking problem" out on Honest Don's. Well, recently at the Warped Tour Joey Cape (Lagwagon singer/My Records owner) talked about the situation of My Records. The bands are not selling well enough so he decided not to continue the label anymore. No word if all the MY bands are moving to Fat/Honest Don's besides Bad Astronaut.. Is this the first sign of the mp3 piracy or is it just people don't dig that mellow acoustic stuff??"Do keep in mind that this was sent to us anonymously, so don't blow your wads yet. The MyRecords.com website is still up, still great, and says nothing about folding.