In a recent filing, Interplay reveals that they have issued some stock in trade for services/discounts, amongst which:<blockquote>On June 30, 2008 the Company issued to Interactive Game Group, LLC a warrant to purchase 2,000,000 shares of Common Stock of the Company as consideration for entering into a Game Production Agreement with the Company. Such warrant was issued, and any underlying shares of Common Stock would be issued, in a private placement exempt from registration pursuant to section 4(2) of the Securities Act of 1933. Such warrant has a term of 10 years, an exercise price of $0.13, is immediately exercisable as to 400,000 shares of Common Stock and becomes exercisable at any time after 60 days with respect to 400,000 shares of Common Stock for each game up to 4 games that meets the requirements for production and funding under the Game Production Agreement between the Company and Interactive Game Group, LLC , and was otherwise issued in accordance with the terms of the Form of Warrant Agreement filed as Exhibit 10.07 to the Company's Form 10-Q for the period ended March 31, 2008.</blockquote>Interactive Game Group is a company focused on financing and acquiring games and IPs, they are working with Majesco and SouthPeak, amongst others. The description from the Majesco press release:<blockquote>About Interactive Game Group, LLC
Interactive Game Group (I2G) is a company producing and acquiring video games and other interactive entertainment properties, whether packaged media, online or wireless. Created by Frederic Chesnais, former Chief Executive Officer of Atari Interactive, Inc. with a decade-long experience in acquiring, financing and licensing intellectual property rights in the video game industry, I2G is developing and financing a portfolio of video game properties, joining forces with the best studios, publishers and distributors for each project on a worldwide scale.</blockquote>This is good news, but still we should not expect to hear anything about FOOL this month.
Link: Interplay 8-K on SEC.
Interactive Game Group (I2G) is a company producing and acquiring video games and other interactive entertainment properties, whether packaged media, online or wireless. Created by Frederic Chesnais, former Chief Executive Officer of Atari Interactive, Inc. with a decade-long experience in acquiring, financing and licensing intellectual property rights in the video game industry, I2G is developing and financing a portfolio of video game properties, joining forces with the best studios, publishers and distributors for each project on a worldwide scale.</blockquote>This is good news, but still we should not expect to hear anything about FOOL this month.
Link: Interplay 8-K on SEC.
