Rumor????...No idea...Just know the man as being quite "Up on the chit" and he's never once givin me mis info..Call em..And please report back here...As I'd like to know for doubly certain as well...I'm very well stocked it they're wrapping thread...and If they are just not making any money...as I was told...then I see no reason for them to continue...He..The shop owner said they were the LAST american thread co out there...so I guess those rod co's that were buying from them..will go where the rest did...Oversea's....For their wrapping threads...He said Danville and Waspie are all thats left in the market...Perhaps they will buy the Equipment Gudebrod offered the shop owner and they will continue on making the stuff...Wish they or someone would...