Interplay in Trouble Again
Interplay in Trouble Again
Company News - posted by Jason on Wed 1 June 2011, 09:43:15
Tags: Fallout Online; InterplayAccording to Develop, Interplay has revealed in an SEC document that the beloved studio might be back to the boxes sooner rather than later.
“We currently have some obligations that we are unable to meet without generating additional income or raising additional capital,” Interplay said.
“If we cannot generate additional income or raise additional capital in the near future, we may become insolvent or be made bankrupt or may become illiquid or worthless.”
Interplay, which also develops games internally, reported a net loss of $1 million in 2010, along with a stockholders’ deficit of $2.8 million and a working capital deficit of $2.8 million.
Additional financing is needed to fund current operations, the firm said.
“However, no assurance can be given that funding can be obtained on acceptable terms, or at all,” it added.
“These conditions, combined with the company’s historical operating losses and its deficits in stockholders’ equity and working capital, raise substantial doubt about our ability to continue as a going concern.”
Interplay said it is spreading its bets to secure external funding, and is prepared to accept “a sale or merger of the company”.So who's up for buying Interplay? We could have Prosper pump out Earthworm Jim sequels while the rest of us work on FallDex: A Post-Tacticular Role Playing Game & Tranny Dating Sim.
Thanks to thesheeeeeeep
“We currently have some obligations that we are unable to meet without generating additional income or raising additional capital,” Interplay said.
“If we cannot generate additional income or raise additional capital in the near future, we may become insolvent or be made bankrupt or may become illiquid or worthless.”
Interplay, which also develops games internally, reported a net loss of $1 million in 2010, along with a stockholders’ deficit of $2.8 million and a working capital deficit of $2.8 million.
Additional financing is needed to fund current operations, the firm said.
“However, no assurance can be given that funding can be obtained on acceptable terms, or at all,” it added.
“These conditions, combined with the company’s historical operating losses and its deficits in stockholders’ equity and working capital, raise substantial doubt about our ability to continue as a going concern.”
Interplay said it is spreading its bets to secure external funding, and is prepared to accept “a sale or merger of the company”.
Thanks to thesheeeeeeep
