Interplay 10-Q and bankruptcy hearing

Discussion in 'NMA News and Information' started by Brother None, May 25, 2007.

  1. Brother None

    Brother None This ghoul has seen it all
    Admin Orderite

    Apr 3, 2003
    Interplay filed with SEC again and do not seem to be out of the woods:<blockquote>As of March 31, 2007, we had a working capital deficit of approximately $7.9 million, and our cash balance was approximately $6,000. We currently have no cash reserves and are only able to pay current liabilities. We cannot continue in our current form without obtaining additional financing or income.

    We have substantially reduced our operating expenses and have licensed certain rights to one of our Intellectual Properties, Earthworm Jim, to a third party. We have sold one of our Intellectual Properties, Fallout, to a third party while obtaining a License back to allow us to create, develop and exploit a "Fallout" Massively Multiplayer Online Game (MMOG).

    (...)

    Our current cash reserves plus our expected cash from existing operations assuming full receipt of the deferred consideration from the sale of "Fallout" will only be sufficient to fund our anticipated expenditures to March 31, 2008. We will need to continue to consummate certain sales of assets and/or raise additional financing to meet our contractual obligations.</blockquote>Interplay will continue to sell bits of itself. I'd like another Earthworm Jim game. Additionally, Interplay was again in court on the 24th of May for the forced bankruptcy hearing, with no results:<blockquote>***VACATED*** REASON: CONT'D TO 7-26-07 AT 10:00 PM PER STIPULATION & ORDER SIGNED 5-9-07</blockquote>Link: 10-Q Interplay filing at SEC
     
  2. Vault 69er

    Vault 69er Water Chip? Been There, Done That

    897
    May 3, 2007
    It's cute that they still think that's ever going to happen.
     
  3. SuAside

    SuAside Testament to the ghoul lifespan
    Admin

    May 27, 2004
    i think IPLY will manage to linger on forever just to spite us.
     
  4. Corith

    Corith Still Mildly Glowing

    292
    Apr 28, 2004
    Let us not forget, IPLY has to raise 30 million or Bethesda will "foreclose" on IPLY's fallout plans.
     
  5. Mani

    Mani It Wandered In From the Wastes

    130
    Jul 4, 2003
    Die, die, die my darling
    Dont utter a single word
    Die, die, die my darling
    Just shut your pretty mouth

    Ill be seeing you again
    Ill be seeing you in hell
     
  6. Puuk

    Puuk It Wandered In From the Wastes

    160
    Jul 26, 2003
    So, someone flipped on the light and the cockroach managed to just barely skitter into a crack in the wall.
     
  7. Maphusio

    Maphusio Sonny, I Watched the Vault Bein' Built!

    Sep 25, 2004
    Those are a delicacy to Herve. He covers em in spicy mustard before inhaling them with cheap French wine.

    Lets convince some radical "pro-life" fanatics that IPLAY is an abortion clinic... Take care of our problems real quick. *nods*
     
  8. Vault 69er

    Vault 69er Water Chip? Been There, Done That

    897
    May 3, 2007
    Interplay is like one of those super-zombies that you shoot in the head, hack off it's limbs and burn it and yet it still keeps coming. Dragging it's bloody living corpse along with it's one remaining arm just to be a goddamn pest.
     
  9. Glory bomb

    Glory bomb First time out of the vault

    28
    Dec 16, 2006
    Doesn't exploit have a negative tone, it's as if IPLAY knows that they are raping Fallout.
     
  10. Frog

    Frog Look, Ma! Two Heads!

    313
    Jul 25, 2003
    Ye, they could say "butcher" stright away.
     
  11. Grotesque

    Grotesque It Wandered In From the Wastes

    168
    Oct 16, 2006
    die a little death for me!
     
  12. Kukident

    Kukident Still Mildly Glowing

    259
    Apr 21, 2007
    thats exactly what i was thinking when reading it...

    however, this MMOG will never happen

    even if he finds enough developers to develop it (however, i think he isn't even looking for any) Interplay will either run out of money before the game's finished, or the game will just suck and they go bankrupt then
     
  13. Scorpion

    Scorpion First time out of the vault

    34
    Jan 10, 2004
    It's leaning towards the latter.
     
  14. Corith

    Corith Still Mildly Glowing

    292
    Apr 28, 2004
    After 3 years, to the month, that the Herve tried to pull his "I don't pay the little people" stunt, the mighty hand of Bethesda, and the threat of bankruptcy, finally forced Herve to pay me, to pay EVERYBODY.

    Thank you Herve for the new 07 jeep, and my wife loves her new pt cruiser convertible.
     
  15. Sander

    Sander This ghoul has seen it all
    Staff Member Admin Orderite

    Jul 5, 2003
    That certainly took long enough. Yeesh.
    Go-go bankrupt Herve!
    But congratulations with finally getting your hard-earned cash.
     
  16. Vault 69er

    Vault 69er Water Chip? Been There, Done That

    897
    May 3, 2007
    I suppose a public flogging would be too much to ask?
    Oh well, if the people he directly screwed are finally getting what they should've had all along.. that's good, at least.
     
  17. Briosafreak

    Briosafreak Lived Through the Heat Death

    Dec 18, 2003
    Ahah congrats!
     
  18. lisac2k

    lisac2k Vault Senior Citizen
    Modder

    Oct 26, 2004
    Michael Myers. Can't get rid of him.
     
  19. Per

    Per Vault Consort Staff Member Admin

    Apr 1, 2004
    Wooo! With interest?
     
  20. DirtyDreamDesigner

    DirtyDreamDesigner Venerable Relic of the Wastes
    Moderator

    Apr 15, 2005
    Awesome, I'm happy for you.

    Now sue the bastard for emotional trauma. :dance: