According to this newsbit on Yahoo Finance Interplay reports that they don't have the funds to finance IPLY through the next period without the ability to raise money and that they don't have any "assurances" to alternate funding right now:<blockquote>The company anticipates its current cash reserves, plus its expected generation of cash from existing operations, will not be sufficient to fund its anticipated expenditures through the second quarter of fiscal 2004," Interplay said in the filing with the U.S. Securities and Exchange Commission.
"Consequently, the company expects that it will need to substantially reduce its working capital needs and/or raise additional capital," Interplay said. "However, no assurance can be given that alternative sources of funding could be obtained on acceptable terms, or at all."</blockquote>No shit Sherlock..Like we didn't know this..So Hervie: good plan!
Link: IPLY Lacks funds
"Consequently, the company expects that it will need to substantially reduce its working capital needs and/or raise additional capital," Interplay said. "However, no assurance can be given that alternative sources of funding could be obtained on acceptable terms, or at all."</blockquote>No shit Sherlock..Like we didn't know this..So Hervie: good plan!
Link: IPLY Lacks funds