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Company News Interplay still not paying employees, stock drops

Discussion in 'RPG News & Content' started by Saint_Proverbius, May 29, 2004.

  1. Saint_Proverbius Arcane Patron

    Saint_Proverbius
    Joined:
    Jun 16, 2002
    Parrots:
    11,190
    Location:
    Behind you.
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    Tags: Herve Caen; Interplay

    <b>Odin</b> over at <a href="http://www.nma-fallout.com">No Mutants Allowed</a> is reporting that <A href="Http://www.interplay.com">Interplay</a> has once again failed to issue paychecks on time today. Today was supposed to be pay day, but since the company has no money and the paychecks issued on 5/14 for the 4/30 period kind of bounced a bit. So, technically, <A href="Http://www.interplay.com">Interplay</a> is now <b>three pay periods behind</b> in their payroll.
    <br>
    <br>
    Also of note, <a href="http://finance.yahoo.com/q?s=IPLYE.OB">IPLYE.OB</a> is down to <b>4.5 cents/share</b>, and dropped a full <b>2 cents</b> upon openning today, openning at it's lowest point this 52 week period. The SEC added the "E" back to the symbol again because the company has yet again gone delinquent on filing it's earnings report for Q1 2004 even after filing for an extension.
    <br>
    <br>
    Given that this situation is now being reported in newspapers, it looks as if the sale of the company <b>Herve Caen</b> and the shareholders were hoping for is less and less likely considering the amount of money it's going to owe in back pay in addition to any fines the government might place on the company for these things only adds to the risk of purchasing it.
    <br>
     
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  2. Spazmo Erudite

    Spazmo
    Joined:
    Nov 9, 2002
    Parrots:
    5,752
    Location:
    Monkey Island
    If I hadn't gotten paid for six weeks (assuming a paycheck/two weeks scheme), I'd fucking quit then and there and probably sue my employer, too.

    Then again I'm just a blue-collar pole painter and I don't even get paid for my other job, so yeah.
     
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  3. DarkUnderlord Bringing that old Raptor magic. Dumbfuck

    DarkUnderlord
    Joined:
    Jun 18, 2002
    Parrots:
    24,236
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    Look into the Codex and the Codex looks into you
    It's okay. They'll release Jefferson shortly and that'll sell like hot cakes! It'll be a SLAM DUNK.
     
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  4. Sol Invictus Erudite

    Sol Invictus
    Joined:
    Oct 19, 2002
    Parrots:
    9,614
    Location:
    Pax Romana
    2 employees of Interplay have filed complaints against the company with the State of California. I can't wait for them to come down hard on Herve.
     
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  5. Major_Blackhart Codexia Lord Sodom Patron

    Major_Blackhart
    Joined:
    Dec 5, 2002
    Parrots:
    15,506
    Location:
    Jersey for now
    As long as he doesnt skip the country or something.
     
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