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The messy result burned cash for eight years and caused its share price to tumble by almost 75%.
Net debt was at €4.7 billion on Sept. 30, up €1.5 billion from a year earlier as the company burned cash.
Sue said BlackBerry burned cash fast and that its patents are declining in value, as rivals slow down their interest in buying companies purely for intellectual property.
First they burned cash too quickly.
K Foundation Burn a Million Quid was an action on 23 August 1994 in which the K Foundation (an art duo consisting of Bill Drummond and Jimmy Cauty) burned cash in the amount of one million pounds sterling in a disused boathouse on the Ardfin Estate on the Scottish island of Jura.
Starting in 2005, the city began to run ever-growing deficits and burned cash at an alarming rate.
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Burning cash.
Box still burns cash.
Burning cash fast, United was down to less than $800 million, enough to last just a few weeks.
Burning cash by subsidizing user's on-demand purchases has killed startups before, and is something Cleanly wants to navigate cautiously.
Penney has burned through cash at an alarming rate this year; confidence among lenders and suppliers has been further shaken by boardroom infighting, says Liz Dunn, an analyst at Macquarie Securities.
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CEO of Professional Science Editing for Scientists @ prosciediting.com