View Single Post

Default 

November 21st, 2007, 00:28
It's always scary to try to interpret the financial-speak antics of companies in SEC filings, however I got the impression from this statement that it is indeed as Squeek said, that any money they expect to get from Infogrames is not assured:

"However, IESA has its own financial needs, and its ability to fund its subsidiaries’ operations, including ours, is limited. Therefore, there can be no assurance we will ultimately receive any funding from IESA…."
While not exactly "washing its hands", that does seem to indicate that Infogrames support will be limited at best. Also, to the normal human $5 mil sounds quite satisfyingly large, but to a company whose revenue fell by over 50% in the double digit millions, it's probably going to be gobbled up pretty fast if and when it does come through.

Where there's smoke, there's mirrors.
magerette is offline

magerette

magerette's Avatar
Hedgewitch
RPGWatch Team

#7

Join Date: Oct 2006
Posts: 7,929