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Herve Still Intends To Develop FOOL
 
Herve Still Intends To Develop FOOL [ Game -> Update ]
Posted by King of Creation Thu 23 Nov 2006, 9:43 AM
More info on Game: Fallout: Online

In recent SEC filings, Herve Caen managed to just wish away Interplay's debt, and now fully intends on developing the Fallout MMORPG that he's been talking about.

Apparently Interplay is trying to get funds through some sort of shady offshore dealings:

Interplay Entertainment Corp. (IPLY.OB) today filed a Form 8-K with the SEC announcing the Company has engaged a Paris-based investment bank to conduct an offshore Private Placement of its common stock. The offering of newly issued shares for an amount of at least (euro)20 million and up to (euro)50 million in total will be reserved exclusively to non US based accredited investors.
He intends on using this to fund production of FOOL:
Having significantly reduced our debt over the past two years, we are now in an improved position to raise capital. This private placement will be another critical step toward the funding and development of our Fallout property into a Massively Multiplayer Online Game, which represents our plan for growth in the coming years.

How in the name of God is Interplay still able to do this?

Spotted @ No Mutants Allowed
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