BlogCharm problem?

I received this in my email this morning. I don't know the full ramifications of what this email entails. My very first thought was that BlogCharm is in trouble financially and they are putting a spin on the problem, hoping to correct it someway before anyone gets the wiser, but I can't be certain. Not that it makes all that much difference to me. I have almost forgot about the blogcharm blogs I setup. At blogcharm, you are supposed to get shares of the AdSense and other reveue that your blog generate for blogcharm. Not entirely a bad deal, all you have to do is post and they take care of the rest (supposedly).

Valued members,

I hate having to write this message to you, but I must. Unfortunately
we have had to temporarily halt payments from BlogCharm.

The situation is quite complicated, so here's the shortened version. As
you should know, BlogExplosion/BlogCharm was sold to another company. The new
company is in the United States, whereas the previous owners were in Canada. The
US has different tax laws and various other requirements that restrict how we
can make the payments - especially to those of you who live outside of the US.
We are in the process of examining all of the possible scenarios here to make
sure that we abide by all necessary laws and to ensure that the pay-out process
remain as simple for all of you.

I know many of you are waiting for pay-outs. The one thing to keep in
mind above all else is that this is a temporary measure. The problem is not with
making payments to members, it's how WE make the payments while making sure that
appropriate laws are followed. In the meantime, you'll continue to earn money as
usual.

If you have any questions regarding this, please send a support ticket
via this URL:

http://www.blogexplosion.com/contact

Thank you for your continued support and understanding!

LewisBlogCharm.com

As always, thanks for visiting!