More rumours on shady dealings by Caen

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This doesn't sound right <blockquote>Just spoke with Luke Haase. He said that Herve told him that he was buying the shares of Interplay, because he thinks that it is a good investment (underlying message that Luke picked up was that Herve is confident that the stock price is going to go up. It's a pretty powerful message when a CEO buys that many shares of his own company). I asked Luke why Interplay is now IPLYE, and he did not know but was going to find out. I also asked him how Herve was able to buy his shares at around 5 cents when the lowest the stock has been at was 8 cents and Luke also was not sure about that. He said that he was going to look into why IPLY is now IPLYE and how Herve was able to get so many shares so cheap. I told Luke that I had fears that Herve was going to somehow take over the company and go private with it, which would make my shares nonliquid, but he said that that would not make much sense based on what Herve just did. Obviously, Herve bought the shares, expecting the share price to go up. He already has control of the company and it would not be in his best interest for the company to move to a private type situation where the stock would be nonliquid. </blockquote> From the Raging Bull forums.

True? Not true? Who knows. We will continue keeping you posted. Plus as a bonus, here's an earlier post on the forum about Caen's stock-buying: <blockquote>Hervé Caen Bought 8,679,306 shares at 0.052 and now possess 8,681306 shares
I believe its a private sale but who had all these shares???

Common Stock 4/17/2004 P 8679306 A $0.052 8681306 D</blockquote>
 
Glowbewohner said:
What means IPLYE?
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IPLY was the stock-code for Interplay. Y'know, Interplay stock is called "IPLY"

For some reason it's been renamed into IPLYE. I don't know why, nobody knows why.
 
wouldn't that be WIPLYE?
You should mail them and tell them about their error... I bet your gonna get a couple of million worthless shares as thank you
 
A possible move would be to buy up a commanding position of the company, taking advantage of stock prices, then liquidate the company and sell of the assets for a profit.
 
I wouldn't mind spending about $100 for a few shares, then selling when it reaches the big .10 mark. I'd get like...A dollar.
 
King of Creation said:
I'm pretty sure the E just means "Entertainment".
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Yup. just about to say that :)
If it wasn't Interplay Entertainment before, maybe they are becoming company which deals in more than games, hence the Entertainment bit.
 
FBOS... The Movie!

Judging by the game we can all guess what genre of film that would be.. :?
 
Will_c said:
King of Creation said:
I'm pretty sure the E just means "Entertainment".
Click to expand...

Yup. just about to say that :)
If it wasn't Interplay Entertainment before, maybe they are becoming company which deals in more than games, hence the Entertainment bit.
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They've always been Interplay Entertainment Corp, as far as I remember, but there's no clear reason to change their ticker symbol all of a sudden.
 
Guys, guys don`t you know what it is? Here, have a look:
Ticker symbols on the OTCBB are comprised of four letters; occasionally we see a fifth letter. Sometimes the fifth letter is permanent other times it is temporarily appended. The ‘E’ and the ‘Q’ are the most widely seen. The ‘E’ denotes a company that is currently delinquent in the periodic filings with the SEC. The ‘E’ appended as the fifth letter to a stock symbol shows that the company is in a 30-day grace period (occasionally 60 days) in which it has to file their financial information with the SEC. If the company fails to file - it may either be granted an extension or will not be allowed to be traded on the OTCBB but have to resume trading on the Pink Sheets. The ‘Q’ denotes a company involved in bankruptcy proceedings.

The daily list at the OTCBB website is extremely useful in determining which companies may be appended with the ‘E’. The ‘Q’ and ‘E’ qualifiers may not necessarily mean a company will make for a bad trade. As we have all noticed from time to time, even a bankrupt company can be traded for some nice gains. It does mean that investors need to be aware of the fifth letter and what the possible ramifications are for the company in question. This is the full list of fifth letter identifiers compiled from the OTCBB website.
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And the best part:
A Class A

B Class B

D New (on Nasdaq listed issues - Reverse Split)

E Delinquent in required SEC filings

F Foreign securities, except ADRs

G, H and I Additional warrants or preferred

J Voting

K Nonvoting

L Miscellaneous situations, such as stubs, depositary receipts, second units, or additional warrants or preferred

M Fourth preferred, same company

N Third preferred, same company

O Second preferred, same company

P First preferred issue

Q Bankruptcy- involved in bankruptcy proceedings

R Rights

S Shares of beneficial interest

T Delinquent in filing

U Units

V When- issued and when-distributed

W Warrants

Y ADR (American Depositary Receipts)

Z Miscellaneous situations, such as stubs, depositary receipts, limited partnership units, or additional warrants or units
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http://www.otcbbnn.com/fpdb/active/html/Fifthletter1.htm

Seems Herve dealings were spotted by the SEC :wink:
 
Briosafreak said:
Guys, guys don`t you know what it is? Here, have a look:
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I did not know, as I am not too familiar with SEC. The Dutch NMa is closer to home, really...

Does this have to do with Interplay's failure to file a 10-K report with SEC? I heard this mentioned before
 
Yep, investors are now warned that one can`t fully trust the company.

Of course if we would say that it`s one thing, but when it`s the SEC :twisted:
 
So that's what the E means. I assumed it was Entertainment as well, something suggested by SGC or some such.

It is rather interesting that they're filing their public information late, though, considering the stuff that's come out about them lately like the eviction thing GameSpot posted about.

As for buying up shares, the most obvious benefit is that no matter what, Herve could never be voted off the board by anyone else. Then again, he might be delaying that SEC filing if the news is really positive in order to buy up stock at the deflated price so he can then file the 10-K and make gobs of money off the stock rise. Q1 2004 shouldn't be a bad quarter for Interplay in terms of earnings since they're up nearly a half a million just by not paying rent. :D
 
the rent's still listed as a debit (liability) on the books... monies owed.

i'd imagine delaying the release of public information is a common practice for companies that are hurting. that way, he can hope to get things turned around before releasing the official status. things could potentially be a lot rosier if his funding comes through.

taks
 
Why dont you rename nma to something like nia ...no interplay allowed. More and more iply news. Not really interested...if iply sinks, so be it, but i'm pretty much sick and tired of reading about it everyday.

..now if u recomend not coming here...way ahead of U.

Thnx for your time.
 
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