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As more rumours fly around the internet about the financial position of Interplay, there's a few verifiable items to bring you. First off, NMA is reporting some posts (here and here) from the Raging Bull forums that claim Interplay CEO Herve Caen recently purchased a large volume of shares - possibly at a rate significantly lower than available on the market. We can verify the purchase but we don't know about the discrepancy in the market price.
Moving right along, Interplay's stock ticker symbol has been changed from 'IPLAY' to 'IPLAYE'. It seems the 'E' indicates they are "Delinquent in required SEC filings" (explanation here). Finally, Interplay has retained the services of Investment Bank SG Capital to "assist with an evaluation of strategic alternatives designed to enhance value to Interplay's shareholders". It seems one of SG Capital's most important functions will be to find addtional aources of capital, according to the press release. Phew. Thanks to Gorath and Parcival for many of the links. |
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