![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, January 02, 2013 3:23:07 AM
A company goes bankrupt (regardless of what industry it's in) when its expenses continuously exceeds income. These expenses may be related to high union wages and back pension (GM's case) or high cost of production and G&A expenses(MP's case). The point is that revenue alone is a poor metric for measuring the success of a business. At the end of the day, your income has to exceed your expenses to stay in business.
At this point, as a shareholder, it's counter-productive for me to continually bash the company. I know where I stand now. I'll let the pumpers take over and hope for a spike to get out.
GLTA.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM