Check out that headline, those are some words you don't want to hear if you paid anywhere between $70 and $90 to run, what looked to be, a fun 5k.

The 5k run was schedule for this Saturday, July 26th, but an e-mail that was recently sent to those who registered explains that the race has been cancelled in all cities, and the organization has gone bankrupt.

The message informs runners that, since they've gone bankrupt, the 5k Foam Fest no longer has staff and will not be issuing refunds. Instead, they're working with Red Frog Events to offer those who registered free registration to Warrior Dash, Epic Fail Challenge, Cocoa Classic, and Bacon Chase.

Here's the message that was posted at 5kFoamFest.com and e-mailed to those who paid:

Dear 5k Foam Fest Friends, Our organization has spent years and an incredible amount of money perfecting this great event for the runners we admire so much. However, due to limited resources we are sad to announce that the 5k Foam Fest is cancelling all future events and will no longer be in business as of July 17th, 2014. After tireless efforts to find a way to help us finish out our season; we simply can’t continue to move forward. However, the 5k Foam Fest Canada is an entirely different organization and will continue to operate business as usual.

For those registered for a 5K Foam Fest that will no longer being taking place, we know that you’ve spent time and energy preparing for your event. We reached out to some industry friends, and we’d like to thank Red Frog Events, the leaders in the running and active entertainment industry, who have stepped up to generously offer you a free registration to any of their 2014 or 2015 running events, which includes Warrior DashEpic Fail ChallengeCocoa ClassicBacon Chase, and more to come over the next year, to make up for the cancelled Round House Racing event you are registered for. You will receive an email from Red Frog Events within the week with a promo code to the email address you registered with to 5K Foam Fest, good for one free registration and 25% off another registration, in the case you’d like to bring a friend or family member at a discounted rate.

Please do not reach out to Red Frog Events for any information other than discussing registering for one of their events. They do not have any direct affiliation with 5K Foam Fest and do not have details on the cancelation of our events, other than offering you a free registration to one of their running series.

While the 5k Foam Fest no longer has staff or funds and will not be able to respond to individual emails or phone calls, we will provide additional email updates as information becomes available. As we face bankruptcy we ask for your forgiveness and patience.

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