Company News More money fun at Interplay

[Saint_Proverbius]

Tags: Herve Caen; Interplay

There's a <A href="http://ragingbull.lycos.com/mboard/boards.cgi?board=IPLY&read=957">news article post</a> from <b>orionquest</b> over at <A href="http://ragingbull.lycos.com/mboard/boards.cgi?board=IPLY">the Raging Bull IPLY forum</a> which is basically a cut and paste of <A href="http://www2.ocregister.com/ocrweb/ocr/article.do?id=96913§ion=BUSINESS&subsection=BUSINESS&year=2004&month=5&day=27">this Orange County Register article</a>(registration required). What's it say? Well, <A href="http://www.interplay.com">Interplay</a> has money issues and employees are starting sue. Here's a clip:
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<blockquote>IRVINE – PC-game developer Interplay Entertainment Corp. is running out of cash and may not be able to continue operating, according to company filings.
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Two employees have filed complaints with the state because of bounced paychecks. The company also faces a lawsuit from its landlord seeking three months of unpaid rent, plus other lawsuits from entertainment companies that say the Irvine-based company owes them money. An additional $179,000 is owed in payroll taxes and penalties, according to filings with the U.S. Securities and Exchange Commission.
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Chief Executive <b>Herve Caen</b> said Wednesday that Interplay will survive the struggles, but declined further comment. He would not say whether Interplay has put off paying employee salaries and health benefits. </blockquote>
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Looks like the word's gotten out, <b>Herve</b>. Bummer for you!
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<b>EDIT:</b> Isn't it cute he's declined to answer what we already know?
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[Anonymous]

I dunno, but I find these lyrics to be fitting:

Did you ever stay up late wondering if you'd been screwed?
Or ever really know how much money they're making off of you?
Welcome to the club, aye, that's the rub
Your nudged, fudged, nudged, screwed
Did you ever feel confused?
Fall victim to their ruse
You know Hitler gassed the Jews
Maybe you should watch the news
Formula, we deplore you
Formula, we abhor you
Formula, we ignore you
We were sent here to destroy you
We won't have to wait too long
Lots of people making bombs, CD-ROMS, fertilizer bombs, yeah
Totally abused you
You wonder why our lives are crummy, you won't give us any money
Without us who would you jack, to fill up your bulgin sack?
But your actions, they shall foment, vengeance waiting for the moment
And though I spent years as your slave, one day I'll piss on your grave
Formula, set our own pace
Formula, we are a race
Formula, we'll smash your face!
Formula, your machine
Formula, I find obscene
Formula, know what I mean?
You've reduced something to nothing
You really fucking think you're something
Hold on baby, time is coming
Nudged!

 

[wizard]

So IPLY is basicly dead now...now if only ATARI & EA would die away I would be happy

Llamagod, Nice song

 

[Fez]

I wonder if the shareholders will finally wake up, or will they stick with it until the end, beliving that that the moron has another "plan"?

 

[taks]

at this point, they have no choice. their stock is nearly worthless anyway, so they might as well stick it out and see how much they get from the inevitable firesale.

taks

 

[Rosh]

at this point, they have no choice. their stock is nearly worthless anyway, so they might as well stick it out and see how much they get from the inevitable firesale.

Well...even a few hundred shares at a couple of cents each would be a lot more than nothing.

 

[Briosafreak]

Interplay remaining employees weren`t payed today, against whatt was promissed
http://www.nma-fallout.com/forum/viewtopic.php?t=6916

And no one returns calls from interplay HQ.

 

[Saint_Proverbius]

at this point, they have no choice. their stock is nearly worthless anyway, so they might as well stick it out and see how much they get from the inevitable firesale.

I disagree. Right now, 4.5 cents per share back is better than nothing. Someone dumped a lot of shares this morning, dropping it from 6 cents a share down to 4 cents. If you have hundreds of thousands of shares, it's better just to accept the loss and walk away with a few grand than nothing at all. This stock isn't going to go up by much ever again unless it gets purchased as a company. That's less and less likely with each passing day because the longer this runs on, the more and more risk there is in buying the company considering it's running redline right now.

 

[Spazmo]

I hear there's good money in hamsters. Or at least that a hamster will probably outlive Interplay.