Blockbuster faces possible ‘going concern’ note from auditor(0)
Blockbuster delayed the filing of its annual 10-K report with the Securities and Exchange Commission as it seeks ways to refinance its debt to replace its current credit agreement that expires in August, and with it its access to $300 million in credit.
“The substantial time and resources dedicated to the refinancing negotiations” by Blockbuster’s management and financial staff has caused the company Read the rest of this entry »
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