Interplay 10-Q and bankruptcy hearing

[Brother None]

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

 

[Vault 69er]

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).

It's cute that they still think that's ever going to happen.

 

[SuAside]

i think IPLY will manage to linger on forever just to spite us.

 

[Corith]

Let us not forget, IPLY has to raise 30 million or Bethesda will "foreclose" on IPLY's fallout plans.

 

[Mani]

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

 

[Puuk]

So, someone flipped on the light and the cockroach managed to just barely skitter into a crack in the wall.

 

[Maphusio]

So, someone flipped on the light and the cockroach managed to just barely skitter into a crack in the wall.

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*

 

[Vault 69er]

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.

 

[Glory bomb]

Interplay [License back to allow us to create, develop and exploit a "Fallout" Massively Multiplayer Online Game (MMOG).

Doesn't exploit have a negative tone, it's as if IPLAY knows that they are raping Fallout.

 

[Frog]

Ye, they could say "butcher" stright away.

 

[Grotesque]

die a little death for me!

 

[Kukident]

Interplay [License back to allow us to create, develop and exploit a "Fallout" Massively Multiplayer Online Game (MMOG).

Doesn't exploit have a negative tone, it's as if IPLAY knows that they are raping Fallout.

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

 

[Scorpion]

Interplay [License back to allow us to create, develop and exploit a "Fallout" Massively Multiplayer Online Game (MMOG).

Doesn't exploit have a negative tone, it's as if IPLAY knows that they are raping Fallout.

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

It's leaning towards the latter.

 

[Corith]

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.

 

[Sander]

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.

That certainly took long enough. Yeesh.
Go-go bankrupt Herve!
But congratulations with finally getting your hard-earned cash.

 

[Vault 69er]

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.

 

[Briosafreak]

Ahah congrats!

 

[lisac2k]

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.

Michael Myers. Can't get rid of him.

 

[Per]

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.

Wooo! With interest?

 

[DirtyDreamDesigner]

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.

Awesome, I'm happy for you.

Now sue the bastard for emotional trauma.