Interplay served with involuntary bankruptcy notice

Brother None

Brother None

This ghoul has seen it all
Orderite
A while ago Quinntus newly registered on our forums to starts the following rumour rolling:<blockquote>For those thinking that Herve's little investor story is true, his announcement came the day after he was served with an involuntary bankruptcy order. Coincidence? Read the SEC filing and note the hurried feel of it.</blockquote>Having no particular reason to trust him several points of inquiry were started by interested parties. Interplay stockholder frymuchan notes the following on the Raging Bull forum:<blockquote>wow, the plot thickens. The news on Interplay being served an involuntary bankruptcy is actually correct. I called the company who is involved in the case and it was confirmed.

(...) Herve had to speed up his plans to obtain financing based on being served the involuntary bankruptcy that he was not expecting (I haven't seen the date of the filing so am not sure of the timing on all this).</blockquote>He hasn't seen the date, but we have. After the revelation of a scan of the involuntary bankruptcy filing proving the case, we've dug up another scan with the date on it. The date? 1st of november 2006. The date of Interplay's filing in which a lot of their debts went *poof* (which started the ball rolling towards the FOOL project)? 8th of november 2006. How does that coincide with your post-war Commie conspiracy, huh?
 
Couldn't we merge all these topics about Interplay into one entitled "Interplay = Lose."?
 
Hello people,

I am not familiar with all this legal talk, could someone explain it to me?

So far I have the understanding that Interplay is declared bankrupt despite all Herve Caen's effort to find finances for FOOL.
 
Heh, no. An involuntary bankruptcy is a bankruptcy that is requested by a third party, usually debtors of the company. This request goes before the court and if succesful Interplay is declared bankrupt by the court no matter its own wishes and its assets are sold to pay back bits of outstanding debts.
 
The Dutch Ghost said:
But what is left to sell other than personal property?
Click to expand...

TEH FALLOUT RITES!

All right people. Let's pool some caps together so that we can pay Corith's outstanding salaries in exchange for turning the NAME over to the COMMUNITY :wiggle:
 
The Dutch Ghost said:
But what is left to sell other than personal property?
Click to expand...

Intellectual property, I suppose. There's still some things hanging about Interplay that could be worth a buck, including the Fallout IP (selling the Fallout IP wouldn't reverse Bethesda's rights to make Fallout 3, though. I'm not sure how it would affect Bethesda's option on Fallout 4 and 5).

Other than that, not much, Herve's been selling off all the rest garage sale style for years. So debtors are pretty screwed either way.
 
Interplay still has Stock Holders!? I would have thought everyone would have got out of that one a long time ago.
 
mortiz said:
Interplay still has Stock Holders!? I would have thought everyone would have got out of that one a long time ago.
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there still are quite a few actually. check out the Raging Bull.

most are poor sods that lost their money and are hoping for a miracle, but some actually bought Interplay stock recently when it was like 0.01-0.02$ a share (even before that brainfart of a FOOL was announced).

go figure...
 
Which is easier to accept as truth?

That Herve, with his long history of breaking deals, lying, bad business decisions, no working demo, no concept art, no original fallout writers nor a staff of any type managed to find, 7 days after being served an involuntary bankruptcy order, an unknown, secret, investor with ultra-deep pockets to funnel some $75 million into a untested MMO genre that will take 3-4 years to start yielding a profit.

Or, having been served a pay now or get dumped order, Herve hustles up a document filled with misspellings, inaccuracies, fallacies, and unrealistic expectations claiming to have investor a week or so later?

I'm a firm believer in Occam's Razor, Entia non sunt multiplicanda praeter necessitatem (entities should not be multiplied beyond necessity). When given two explanations, accept the one with a less complicated formulation, i.e. the simplest solution tends to be the best one.
 
Corith said:
When given two explanations, accept the one with a less complicated formulation, i.e. the simplest solution tends to be the best one.
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To bad medical science hasn't yet discovered a way to implant people with the gene responsible for common sense.... people (by people I mean 'managers') invariably have a way of going for the more complicated solution becuase its sounds cooler :roll:

KIS - Keep It Simple
 
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