Tokyopop has made some bad decisions in the past 3 years. One of which and the biggest is taking on more than they can chew. They licensed more titles that they could publish and make a profit. Instead of selectively buying licenses, they bought as many as they could in the hopes to make a profit. Couple that with the fact their biggest distributor Borders filing bankruptcy it was a recipe for Tokyopop's downfall. Not to mention they have been struggling for the past 2 years because of their shaky business model.