Interplay files surprise NoLF

Per

Per

Vault Consort
Staff member
Admin
After a week of suspense, many questions were answered with the filing of a Form 12b-25 by Interplay's CEO Herve Caen - or, as we shall perhaps refer to him now, the Interim Chief Financial Officer! Those who had speculated in an upcoming 20-F, 10-Q or maybe even an N-SAR were thus proven wrong and this is sure to stir up many emotions among the usual suspects. Among the prime revelations:<blockquote>The Registrant's Form 10-K for the year ended December 31, 2007 could not be filed within the prescribed time period because certain information and data relating to and necessary for the accurate completion of the Registrant's financial statements and management's discussion and analysis of financial condition and results of operations could not be obtained by Registrant within such time period without unreasonable effort or expense.</blockquote>In addition to this admission of gross tardiness it is pledged that "any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof". The stock market has at the time of writing responded with moderate caution but in light of the new details this is apt to change quickly.

Link: NT 10-K filing
 
Zombocom is the ultimate in dry humor.


You win the internet.
 
Per said:
The Registrant's Form 10-K for the year ended December 31, 2007 could not be filed within the prescribed time period because certain information and data relating to and necessary for the accurate completion of the Registrant's financial statements and management's discussion and analysis of financial condition and results of operations could not be obtained by Registrant within such time period without unreasonable effort or expense.
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Jesus, some people simply don't know when to stop a sentence.
 
What does this mean? I don't understand, sounds like an excuse for missing a deadline. Does this affect the chances of the game ever actually becoming playable?
 
Goweigus said:
What does this mean? I don't understand, sounds like an excuse for missing a deadline. Does this affect the chances of the game ever actually becoming playable?
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Nah, Interplay is just stalling, probably to just wait and have something (probably something positive) develop internally or externally - or something that will be public sometime soon - to mention in the rapport.
 
Forgive my ignorance with financial matters, but does this mean that Herve will still be in charge of Interplay (ie. that he is involved in the buy out)?

If the stock is so cheap I don't understand why Bethesda haven't looked into taking over Interplay (directly or indirectly). They could purchase a number of licences cheaply, including the rights to FO MMO.

Mick
 
Mick1965 said:
Forgive my ignorance with financial matters, but does this mean that Herve will still be in charge of Interplay (ie. that he is involved in the buy out)?
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That is unclear regardless of if FDP is actually Herve or not. Even if it isn't a proxy of his - which seems to be the popular assumption - they might not want to fire him while Interplay is in transition.

Mick1965 said:
If the stock is so cheap I don't understand why Bethesda haven't looked into taking over Interplay (directly or indirectly). They could purchase a number of licences cheaply, including the rights to FO MMO.
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Well, the 58 million shares transferred from Titus represented 56% controlling interest of the 10% publically traded stock. I might be wrong, but I think that means a "total purchase" of Interplay would ve buying 1 billion shares, which'd still be 70 million USD.

Obviously they're not worth that, but that's just a simple calculation based on stock value.

But! Herve held controlling interest of Interplay stock anyway when Titus had and still does now. The Titus sale of stock might not have been in his control, though I think it was, but otherwise you can't force him to sell.
 
Well, the 58 million shares transferred from Titus represented 56% controlling interest of the 10% publically traded stock. I might be wrong, but I think that means a "total purchase" of Interplay would ve buying 1 billion shares, which'd still be 70 million USD.

.
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Actually, Interplay only has almost 100 Million shares total for a net worth of 7.44 Million USD based on a share price of 7.5 cents.

Bethesda could buy Interplay for a song but I don't think Interplay's CEO would want that since he refused to sell for 120 Million USD a few years ago back when Interplay was a bigger company with active development but with also a hell of a lot more debt.
 
Just in case anyone is confused, this was sort of a joke post for April 1st. Herve did file a notification of late filing, it just isn't of any interest (unless you like to keep track of his failures). Everything in the newspost is true - you can see the filing if you click the G in the link - but it's exaggerated a tiny bit.
 
orionquest said:
Actually, Interplay only has almost 100 Million shares total for a net worth of 7.44 Million USD based on a share price of 7.5 cents.
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Yes, but according to someone on RPGWatch sourcing EDGAR, only 10% of Interplay's stock is outstanding, the rest is treasury or never issued. So you can't "buy Interplay" for 7.44 million.

But yeah, you can buy controlling interest for a nickel. ZeniMax could. Bethesda can't do anything, it's not an independent company.
 
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