Company News Interplay has a plan!

[DarkUnderlord]

Luke Haase, Interplay's investor relations person, says Interplay has a checklist of events that they are working on:

1. He said first order of business was getting worker's comp back, which Interplay did.
2. He said the next task is for Interplay to work out a deal with their previous landlord (which supposedly Interplay is working on).
3. Then, he said Interplay would seek to obtain a new lease (note the word "seek").
4. After that, they would work to bring back their employees (note the word "work").
5. Luke said that the final step would be for Herve to seek/close a deal or deals that would give Interplay financing going forward.

Seems to me they should first close a deal to get financing, which would encourage investors and help bring back employees or allow them to hire on new employees. This whole process is about the most ridiculous comedy of errors I have ever seen.

Everything I wanted to say was already said.

 

[chrisbeddoes]

Sorry i did not read the other posts.

They have a plant ? In Haerve office ?

Is it omnivore ? How much people has that plant eaten yet ?
Does it eat money ? jobs ? good game licenses ? What does it eats ?

 

[Lasakon]

Herve Caen last seen heading South.

 

[Rat Keeng]

Herve Caen last seen heading South.

He's probably hitchhiking/swallowing his way South, trying to get back to his home country. Poor boy was never big on geography.

To hell with him and all his plans.

 

[Saint_Proverbius]

Herve Caen last seen heading South.

He's talent scouting for the next Chuck Cuevas.

 

[Pope_Viper]

The Interplay "Plan".

In my opinion, this is all just a stall tactic until Herve gets a bankruptcy filing plan together.

He's smurfin' folks so they won't do a massive dump of shares, and drive the stock price into the sub-cent range.

The PPS is dropping, which is never a good sign.

I also find it interesting that Herve continues to not file his quarterly numbers. The current financial straits have no impact on disclosing those figures, and really make me wonder what blundering he's doing now.

This is also pretty funny:


http://ragingbull.lycos.com/mboard/boar ... &read=1022

Yes, summer time is generally a slower time for stocks (summer vacations, fiscal year ending, etc), but you're not going to see this vast amount of indifference towards just one stock.

Unfortunately, the investors seem to be grabbing any beam of sunshine right now. Understandable, since some of them have purchase a fair amount of shares, but at some time reality has to set in, and acknowledge that IP is going down, with very little hope of recovery.

And just for the record. I did have a few shares of IP (like under 50), but sold them a lonnnng time ago, I got out of the gaming sector when consoles started hitting it big. Just too much volatility for my taste.

 

[Lasakon]

I guess this plan came about in the new Impromptu Interplay Conference room(Mcdonald's). Where Herve gathered the two people who believe he might have a snowballs chance in hell of saving the company, and showed them the plan he wrote with the free Crayons he got in his Happy Meal. I really could care less what happens to Interplay. All i care about is what they do with their Licenses.

 

[Saint_Proverbius]

Re: The Interplay "Plan".

I also find it interesting that Herve continues to not file his quarterly numbers. The current financial straits have no impact on disclosing those figures, and really make me wonder what blundering he's doing now.

I think that's a very good reason why they're not getting financing. If those numbers were good, I seriously doubt they'd have put off releasing them. There's obviously something wrong with those numbers, and it would be more difficult to get financing once those numbers are public. I strongly doubt that people with the money to finance Interplay wouldn't know that they're hiding something bad by not releasing those figures.

This is also pretty funny:

http://ragingbull.lycos.com/mboard/boar ... &read=1022

Frymuchan is an endless source of amusement. He can look at something critically devastating for the company and then he'll say, Hey, I think that means they're getting their financing or getting bought out! We're all going to be rich soon!

It's been three months since him and a few others have said the stock was in for a rebound, and it's only gone down since then. It was 8-9 cents when they first predicted that, and it's now stalling at around 4 cents. They've literally lost half their money since they made those predictions, which I don't think anyone on NMA or this site thought was remotely true.

I've notice that none of them are asking where those Q1 reports are now, either. That was something most of the Herve has a plan folks were saying would be the turning point for the stock.

Unfortunately, the investors seem to be grabbing any beam of sunshine right now. Understandable, since some of them have purchase a fair amount of shares, but at some time reality has to set in, and acknowledge that IP is going down, with very little hope of recovery.

Things have actually gotten worse than I thought they would back in April. Let's face it, Interplay is now in massive debt with fines and suits piling up, they lost their big selling license rights to the D&D games, and as it stands, they don't even have a pot to piss in. Without an office, what are they going to do? They don't even have any developers really working right now, either, so there's no future on the horizon. Most of their intellectual properties are morgaged already, so they'd have to pay back those loans and things before they could even sell those properties.

There's really no hope there, zero.