rental chain

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.”