In their recent SEC filing, Blockbuster said their was “substantial doubt” regarding their ability to meet the conditions of their current $250 million loan that is keeping them afloat.
And, even if that loan stays intact, there is concern that they “may not have sufficient liquidity to finance the ongoing obligations of our business, which raises substantial doubt about our ability to continue as a going concern.”
So, things are looking more and more grim for Blockbuster. Why don’t they just change everything in their stores to $1/day rentals? That would at least give them a fighting chance.