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Interplay Strikes a Low and Refuses to Pay Employees

Discussion in 'Game/SP News & Comments' started by NewsPro, May 22, 2004.

  1. NewsPro Gems: 30/31
    Latest gem: King's Tears

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    Remove all ads!
    (Originally posted by chevalier)

    Interplay's shares have fallen to $0.048 per share and are falling.

    Well today marked the lowest place for the IPLY stock, it was at $0.048 which is an all time low for them. It also closed at $0.048 per share today, the lowest it's been in this 52 week period

    Herve Caen, still CEO of Interplay, has basically told the employers to love it or leave it. No hopes for any pay anytime soon. It would be only convenient for him if they quit, as he wouldn't have to pay them as much as if he laid them off himself.

    got word from a source that IPLY still haven't paid the employees for the last two weeks and also that the insurance has been cut off but that they are still taking money out of people's checks for the insurance.

    According to my source there is also alot of deals on the table, but Herve Caen doesn't seem to be doing anything about it.

    He also explains what Herve is saying to the employees, which is basicly "if you don't like the situation, get out"...

    Read the whole thing at No Mutants Allowed. Check Interplay's summary out at Yahoo.
     
    NewsPro, May 22, 2004
    #1
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