The original plan was to use profits to fuel the expansion. However, there was no profits and they used debt and capital raises instead. Unfortunately, the expa

The original plan was to use profits to fuel the expansion. However, there was no profits and they used debt and capital raises instead. Unfortunately, the expansion generated no profits of its own, only huge losses, requiring even more debt to expand further. Eventually, there was a vicious cycle of debt, losses, and more debt need to expand further, leading to the situation you see now.