|Interplay Fallout MMO in financial peril, could bankrupt studio|
|Posted: 31.05.2011 13:49 by Simon Priest||Comments: 6|
Very stormy clouds loom over publisher Interplay as a filing with the US Securities and Exchange Commision reveal how troubled their company is.
If they "do not receive sufficient financing" then Interplay must "liquidate assets", or be "forced into bankruptcy", unless they keep going but suffer "material harm".
"As of December 31, 2010, our cash balance was approximately $3,000 and our working capital deficit totalled approximately $2,877,000," said Interplay in their annual .
"If we do not receive sufficient financing or sufficient funds from our operations we may (i) liquidate assets, (ii) seek or be forced into bankruptcy and/or (iii) continue operations, but incur material harm to our business, operations or financial condition."
"These measures could have a material adverse effect on our ability to continue as a going concern." This news is likely to please rival publisher Bethesda who are continuing a legal dispute with Interplay over the Fallout MMO project.