Yes, as a long Marvel follower (from the 60's and apx. 3,500 issue Marvel collection), Marvel came within a whisker of going under then. I was in NYC for business during that time & stopped in the HQ office as some of us did during those days, and the office was stripped of all the memorabilia that they normally had displayed and the few employees left seemed really stressed. Before that it was common to have a good conversation with any of the free lancers who would happen to be there. They were cancelling titles like crazy. Titles that had previously sold 400,000 issues a month were down to 10-15,000. The bottom had really fallen out of the comic market and the future looked really grim. The distribution network had changed with the bad gamble of switching to comic book stores primarily plus mass collectors quit buying since the price of post 1980 stuff collapsed. Plus Marvel was stretched with way too much outstanding debt.