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Dhruin
Stranger In A Strange Land
Joined: 20 May 2002
Posts: 1825
Location: Sydney, Australia |
| Interplay's Financial Woes |
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Interplay's <a href="http://www.sec.gov/Archives/edgar/data/1057232/000117091803000601/iec10q093003.txt" target="_blank">third quarter earnings report</a> can now be accessed through the SEC and it doesn't paint a pretty picture. Interplay appears to have made a $2.1 million loss in the third quarter and had $7000 cash at the time of filing. Here's a couple of excerpts:<blockquote><em>These conditions, combined with our historical operating losses and deficits in stockholders' equity and working capital, raise substantial doubt about our ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets and liabilities that may result from the outcome of this uncertainty.[...]
<br>
<br>To reduce our working capital needs, we have implemented various measures
<br>including a reduction of personnel, a reduction of fixed overhead commitments, cancellation or suspension of development on future titles, which management believes do not meet sufficient projected profit margins, and the scaling back of certain marketing programs associated with the cancelled projects.[More...]</em></blockquote> |
Wed Dec 08, 2004 3:40 am |
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Fez
Fearless Paladin
Joined: 08 Dec 2001
Posts: 240
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I'm waiting until I can buy Interplay for $1. Shouldn't be too long now.
_________________
“Everyone’s a girl when they’re face down.” |
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Wed Dec 08, 2004 8:18 am |
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