going concern

Mind if I Pay These Late Fees With a Few of My Blockbuster Shares?

John Paczkowski in News on April 7, 2009 at 8:51 am PT

Blockbuster in a Monday filing told the Securities and Exchange Commission what anyone who’s observed its fast-declining fortunes has known for some time now: The company isn’t sure it can stay in business much longer. In a PricewaterhouseCoopers assessment included as part of its latest 10-K, Blockbuster acknowledged that its financial situation raises “substantial doubt about the Company’s ability to continue as a going concern.”

Sirius to Shareholders: Put Down the Mylanta

John Paczkowski in News on March 6, 2009 at 11:47 am PT

Investors holding shares in foundering satellite radio outfit Sirius XM just received a bit of welcome news. The company has closed its investment deal with Liberty Media, resolving the “uncertainty” surrounding its debt maturing in 2009. Good thing too, because that uncertainty was pretty worrisome.