FaChoi
Educated
US publisher Interplay has been thrown into financial disarray with several projects in the balance, new information reveals.
The Californian group warns of “substantial doubts over our ability to continue as a going concern”, and has told investors that its cash balance had fallen to $3,000 by the turn of the year, with a working capital deficit nearly at $3 million.
Grave details of financial instability were exposed in an SEC document obtained by Develop. The 76-page report – which was released two months after its initial submission deadline – warns throughout that Interplay could face bankruptcy, and that it may have to generate funds by selling the company.
Interplay was functioning “without a credit agreement or credit facility” by the turn of the year, the company said.
The firm’s financial woes could, if worsened, bring a premature end to the Fallout trademark lawsuit Interplay is embroiled in.
http://www.develop-online.net/news/3778 ... s-collapse
Edit: course Brother None was on this yesterday http://www.nma-fallout.com/forum/viewtopic.php?t=58692