Ten years ago, no one would have believed that this is happening with Blockbuster, Inc (PINK:BLOKA) (PINK:BLOKB). Once the biggest player on the movie rental scene in the USA, it got reduced to a bankrupted pinkie.[BANNER]
Since the filing, share price logically plummeted even more to $0.04, losing over 30% in the past few days. Some investors, however remain optimistic, believing that someone would acquire Blockbuster and put it back on its feet. But whoever takes that chance, they’ll end up having to build the company anew:
Blockbuster’s backwardness was pretty obvious for a while now to almost everyone except its overpaid executive team. But they’ve surely secured their savings/retirement funds, while running down the ones of their investors.
