Before revision:  The objective is to maximize the expected cumulative discounted dividend payments until the moment of bankruptcy, which occurs the first time that the cash reserves (the cumulative net revenues minus cumulative dividend payments) hit zero.
After revision:  In this setting the objective of the company is to maximize the expected cumulative discounted dividend payments until the moment of bankruptcy, which occurs the first time that the cash reserves (the cumulative net revenues minus cumulative dividend payments) hit zero.