weiss jemand was? ist noch jemand investiert?
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dass es noch Leute gibt die einen hohen Preis zahlen,dabei müsste der Kurs um die 0,08 Euro stehen
CIAO
der letzten Tage.
27/08/2004
Manchester studio staff sent home, sources claim, as publisher financial woes continue
The situation at struggling publisher Acclaim took a turn for the worse this morning, as staff at the firm's UK offices reported that their salaries have not been paid - and those at the Manchester studio were allegedly sent home.
Earlier this week, the company confirmed that its credit facility with GMAC Commercial Finance has expired without a deal being struck with a new lender, despite two separate extensions which were granted by GMAC.
This morning, sources at the company told GamesIndustry.biz that staff at the UK studios in Cheltenham and Manchester have not been paid their salaries - and that while the Cheltenham studio remains open, employees in Manchester have been told to go home.
It's not clear as yet whether this represents official redundancies being made. A few days ago, staff at the firm's development studio in Austin, Texas were also told to go home after the company's landlords locked them out of the building for defaulting on rent payments.
Acclaim was delisted from the NASDAQ Small Cap stock exchange earlier this week for failing to meet the minimum market capitalisation figure required by the market; the the time, the company pledged to appeal the delisting and expressed hope that it would meet the index requirements shortly after filing its next 10-Q results statement, which is now overdue.
The publisher could not be contacted for any official comment at the time of going to press, but according to staff there, a statement from the US headquarters of the firm is expected this afternoon.
CIAO
Acclaim may file for Chapter 7 liquidation - reports
Previous rumours of Chapter 11 plans may have been over-optimistic
No official statement or filing has yet been made regarding the future of embattled publisher Acclaim, but sources at the company and media reports alike have indicated that the firm intends to plan for Chapter 7 liquidation.
Under the terms of Chapter 7 bankruptcy, Acclaim would cease operations, liquidate its remaining assets and use the proceeds to pay back as much of its substantial debt as possible - although creditors are unlikely to see anything close to the full amount of their debts. Investors = 0$
This is a much more final solution than the Chapter 11 bankruptcy which was being mooted by sources at the company late last week; Chapter 11 would have allowed Acclaim to continue trading while an effort was made to restructure its debts.
Employees at the company remain in the dark as to the future of their jobs, with the majority of the firm's staff being locked out of their offices and told to remain at home so far this week - but so far, while some staff claim to have been told to collect personal belongings from the offices, it's not thought that any official redundancies have been made.
The possible effects of Acclaim going into liquidation are hard to gauge at this point. Aside from the obvious impact on the 600 people directly employed by the company, it's thought that Acclaim has significant debts to a number of other firms in the industry along with its now-expired credit line with primary lender GMAC Commercial Finance, most of which will have to be written off as bad debt.
The company also has a number of complete or near-complete titles on its books, including forthcoming racer Juiced, which has had a largely positive critical reaction so far. It's likely that Juiced, along with any other titles of value, will be picked up by other publishers, but for now at least, their fate is uncertain.
CIAO
wann kommt das letzte aufbäumen ???
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Wertung | Antworten | Thema | Verfasser | letzter Verfasser | letzter Beitrag | |
27 | acclaim | barebooo | staycool | 02.04.07 13:42 | ||
3 | der tiefe fall von acclaim ! | lancerevo7 | lancerevo7 | 08.08.04 10:19 | ||
89 | !!! News zur PC-&Videospiele-Branche !!! | FunMan2001 | kram | 22.10.03 12:06 | ||
7 | !!! News zu ACCLAIM !!! | FunMan2001 | FunMan2001 | 28.07.03 15:05 | ||
10 | Acclaim wird heute regelrecht expl. | ciska | cogito,ergo sum | 16.07.03 22:06 |