Digital Domain Media said Tuesday it has defaulted on payment obligations and is in two sets of talks, with a lender, and a strategic partner, to emerge from financial crisis.
Investment site Seeking Alpha:
Unlike Nokia (NOK) or Ford (F), a small company like Digital Domain Media Group has a less likely chance to rebound. However it is anyone’s guess as to whether they can. Other than losing money and defaulting on Senior Notes the company does have artistic ability.
Doesn’t look like DD is going to make it. Good luck to everyone.