Duck and Cover Forum Index


Use these links, buy stuff from Amazon and help us out, nubs. Link Translator
Amazon.com | Amazon.ca | Amazon.co.uk | Amazon.de | Fishpond.co.nz
  Duck and Cover  •  FAQ  •  Search  •  Memberlist  •  Usergroups   •  Register  •  Profile  •  Log in to check your private messages  •  Log in

 Support DAC!
 Interplay shares move en masse, aims to develop new Descent! View next topic
View previous topic
Post new topicReply to topic
Author Message
King of Creation
Righteous Subjugator
Righteous Subjugator


Joined: 20 Dec 2003
Posts: 5101

PostPosted: Fri Feb 12, 2010 5:28 pm Reply with quoteBack to top

[ Company -> Update ] - More info on Company: Interplay

2 3 Major Updates after the intial post. Interplay looks to be trying to develop a new Descent title, among other games!

Title of the post also updated.

--

Original Post:

Let me preface this by saying that I am not an expert and don't really know what Interplay's latest SEC filing means. That said:

Interplay has filed a SC 13G/A form with the SEC, detailing what appears to be a massive sale of shares to one Frederic Chesnais and MicroProse. According to this WikiAnswers response, this form is meant to be used to "to report beneficial ownership of 5% or more of a class of securities. It is used by passive and some institutional investors."

From what I can surmise from the SEC filing, 9,199,117 shares went to Frederic Chesnais and another 8,799,117 shares went to his company MicroProse.

Does this mean that Herve Caen is looking to dump Interplay to new ownership? I have no idea, but hopefully one of you reading this can tell the DAC community more about what this filing means and the impacts it might have on Interplay.

You can view the whole filing here.

Update 1: I asked Interplay investor Orionquest what this filing actually means. First:

If you own 5% or more of the shares of any public company, you are required to file with the SEC stating that you do so and what is your intention of ownership which has been stated as non controlling by

FREDERIC CHESNAIS who is

"The reporting person beneficially owns 7,121,634 shares of common stock, all of which are held by Microprose, LLC, of which the reporting person is the managing director, a warrant to purchase 1,677,483 shares of common stock, also held by Microprose, LLC, and a warrant to purchase 400,000 shares of common stock which is held by Interactive Game Group, LLC, of which the reporting person is the managing director"

I then asked, for clarification purposes, if that meant Chesnais now owns 5% or more of Interplay. Orionquest responded by saying:

Not recently I think. He's just filing to state his ownership status. If you have time you could dig up his previous filings to see any difference.

If anyone is up for digging through the old SEC filings for Interplay to make more sense of Chesnais' current ownership stake, that would be great. As for me, it's dinner time and the wife is cooking Spaghetti Bolognese.

Update 2! These are coming quick! Interplay investor Frymuchan offers further clarification on the DAC forums:

there are a little over 100 million shares of Interplay out there. The fact that Fredrick Chesnais is buying more shares of Interplay and will soon own 10% or so of Interplay which is very good news for stockholders. Fredrick, through I2G, agreed to fund 4 of Interplay's games through his company. He was granted shares for this and options to purchase more shares, and he gave Interplay some worthless IP, submarine something or another, as part of the deal. Basically, the stock deal and options for Fredrick are a reward for getting 4 new Interplay games funded (this isn't confirmed yet, but this stock purchase makes it very, very likely that everything worked out, otherwise Fredrick would not have bought more shares). the games are Descent, Earthworm Jim, Dark Alliance, and MDK (I think MDK, don't remember on that one).

A new Descent game would be fantastic. That was one of the first great games I ever played.

Update 3!

More Interplay shares have moved around in massive quantities to Austin W. Marxe and David M. Greenhouse, according to this new SEC filing. Looking closely at the filing, Marxe and Greenhouse are involved in numerous companies, including offshore Cayman investments. Interplay invester Frymuchan again clarifies:

also looks like these jokers own almost 10 percent as well. from what I'm seeing, these guys (company) has over half a billion invested. There is something big brewing, most likely positive, but all this money stuff confuses me. anyone have a good understanding of the two latest filings by Fredrick Chesnais and these guys? Herve has had a relationship with these guys for quite some time. he has money guys on the board who also seem tied in with these guys.

looks like good news but not sure how it all fits in,



mpany Main View
Name: MARXE AUSTIN W & GREENHOUSE DAVID M
City: NEW YORK
State: NY
Zip: 10022

Achive data
View Filing Period:


Portfolio Summary View Filing
Filing Report Date : 2009-09-30
Total Value : $678,544,000
Total Value Change : $86,578,000
Securities Held Change : -24

All Securities Held : 383
New Positions : 6
Closed Positions : 15
Increased Positions : 20
Unchanged Positions : 72
Decreased Positions : 39

Half a billion dollars in investments? Wow. If Interplay saw even 20% of that, they'd be back on their feet like nothing happened.

View user's profileSend private messageVisit poster's website
Retlaw83
Goatse Messiah
Goatse Messiah


Joined: 17 Jul 2004
Posts: 5296

PostPosted: Fri Feb 12, 2010 5:54 pm Reply with quoteBack to top

It would be interesting to know how many shares of Interplay are out there total.

My best guess is Micropose needs its hands into something on the software development side if they want to make a real comeback.
View user's profileSend private message
King of Creation
Righteous Subjugator
Righteous Subjugator


Joined: 20 Dec 2003
Posts: 5101

PostPosted: Fri Feb 12, 2010 5:58 pm Reply with quoteBack to top

Retlaw83 wrote:
It would be interesting to know how many shares of Interplay are out there total.


From what people say, Herve Caen just prints out shares willy-nilly. There are probably trillions of shares by now. Hell, the share price is 0.065
View user's profileSend private messageVisit poster's website
Retlaw83
Goatse Messiah
Goatse Messiah


Joined: 17 Jul 2004
Posts: 5296

PostPosted: Fri Feb 12, 2010 6:03 pm Reply with quoteBack to top

Didn't know the shares were that low.

That's still a $120,000 investment, though.
View user's profileSend private message
darkknight
SDF!
SDF!


Joined: 28 Oct 2009
Posts: 12

PostPosted: Fri Feb 12, 2010 6:18 pm Reply with quoteBack to top

there are a little over 100 million shares of Interplay out there. The fact that Fredrick Chesnais is buying more shares of Interplay and will soon own 10% or so of Interplay which is very good news for stockholders. Fredrick, through I2G, agreed to fund 4 of Interplay's games through his company. He was granted shares for this and options to purchase more shares, and he gave Interplay some worthless IP, submarine something or another, as part of the deal. Basically, the stock deal and options for Fredrick are a reward for getting 4 new Interplay games funded (this isn't confirmed yet, but this stock purchase makes it very, very likely that everything worked out, otherwise Fredrick would not have bought more shares). the games are Descent, Earthworm Jim, Dark Alliance, and MDK (I think MDK, don't remember on that one).

Go IPLY!!
View user's profileSend private message
King of Creation
Righteous Subjugator
Righteous Subjugator


Joined: 20 Dec 2003
Posts: 5101

PostPosted: Fri Feb 12, 2010 6:22 pm Reply with quoteBack to top

A new Descent game would be amazing.
View user's profileSend private messageVisit poster's website
POOPERSCOOPER
Paparazzi
Paparazzi


Joined: 05 Apr 2003
Posts: 5017
Location: California

PostPosted: Fri Feb 12, 2010 7:05 pm Reply with quoteBack to top

I was going to comment with my expert knowledge on this stuff but then I realized I probably don't know what I'm talking about.

My guess is that they aren't new public offering of shares and they are the existing ones so interplay isn't getting any monies.
View user's profileSend private messageAIM Address
Brother None
Desert Strider
Desert Strider


Joined: 09 Jul 2003
Posts: 825
Location: Rotterdam, the Netherlands

PostPosted: Fri Feb 12, 2010 7:26 pm Reply with quoteBack to top

The I2G licenses given to Interplay (and valued at 123K USD if I recall correctly) were "Conquer Series", "M1 Tank Platoon Series" and "Subwar".

darkknight wrote:
Fredrick, through I2G, agreed to fund 4 of Interplay's games through his company.
(...)
the games are Descent, Earthworm Jim, Dark Alliance, and MDK (I think MDK, don't remember on that one).


I2G and Interplay have been trading stock for services/funding since 2008, this is true. This just seems like another step in their dealings. Probably good for Interplay, yeah.

But where did you get this "agreed to fund 4 of Interplay's games from"? This filing? It doesn't say that in there, not without some wild jumping to conclusions. And 10 million Interplay stock does not nearly cover the funding of four titles, unless we're just talking WiiWare ports.
View user's profileSend private message
POOPERSCOOPER
Paparazzi
Paparazzi


Joined: 05 Apr 2003
Posts: 5017
Location: California

PostPosted: Fri Feb 12, 2010 7:30 pm Reply with quoteBack to top

So I guess these stocks were owned by interplay and they are selling them to someone else? Is there any way we can get details on how much stock Interplay has in itself? I would be somewhat surprised that they had any stocks they stilled owned but I dunno.

Brother none, don't mess with our journalistic integrity. DAC is highly responsible and reliable source compared to NMA.
View user's profileSend private messageAIM Address
Retlaw83
Goatse Messiah
Goatse Messiah


Joined: 17 Jul 2004
Posts: 5296

PostPosted: Fri Feb 12, 2010 7:47 pm Reply with quoteBack to top

POOPERSCOOPER wrote:
DAC is highly responsible and reliable source compared to NMA.
View user's profileSend private message
Aonaran
Striding Hero
Striding Hero


Joined: 25 May 2005
Posts: 1262

PostPosted: Fri Feb 12, 2010 7:48 pm Reply with quoteBack to top

Herve seems to think his dick is big enough to jump rope with. Maybe he's right, he sure seems to trip on it a lot. Here's hoping that isn't the case yet again.

The only people who are going to play a new MDK or any of the others listed are people who know what the fuck they are to begin with. The best option is to make new entries that are as close to the originals as possible while maintaining the lowest possible production cost.

When production is complete, pimp them out on XBLA and the like. There really is no sense in taking these old classics and trying to carry them over to "next gen" gaming. Make a small game like Trine, and let word of mouth do the work for you.


Last edited by Aonaran on Fri Feb 12, 2010 7:58 pm; edited 1 time in total
View user's profileSend private messageAIM Address
orionquest
Scarf-wearing n00b
Scarf-wearing n00b


Joined: 08 Jan 2010
Posts: 35

PostPosted: Fri Feb 12, 2010 7:54 pm Reply with quoteBack to top

Brother None wrote:
The I2G licenses given to Interplay (and valued at 123K USD if I recall correctly) were "Conquer Series", "M1 Tank Platoon Series" and "Subwar".

darkknight wrote:
Fredrick, through I2G, agreed to fund 4 of Interplay's games through his company.
(...)
the games are Descent, Earthworm Jim, Dark Alliance, and MDK (I think MDK, don't remember on that one).


I2G and Interplay have been trading stock for services/funding since 2008, this is true. This just seems like another step in their dealings. Probably good for Interplay, yeah.

But where did you get this "agreed to fund 4 of Interplay's games from"? This filing? It doesn't say that in there, not without some wild jumping to conclusions. And 10 million Interplay stock does not nearly cover the funding of four titles, unless we're just talking WiiWare ports.


There's way too much market volatility outside of IPLY's Blizzard like Frozen Tundra condition, otherwise I would dig up some of the filings detailing the dealings to fund games between IPLY and Microprose/I2G but does it really matter? mockers must keep mocking Cassandra Principle style.

The stock markets are tanking though because the Global leveraged ponzi schemed economy is getting more and more exposed for the house of pyramids it is. The bailout of Greece can only come at the hands of the IMF Global Military Industrial Complex money lending/slave owning unit which will help out Greece by taking the other side of the Euro via massive leverage so that it can payback for handing Greece money to burn Dark Knight Riddler style by further weakening the Euro.

Wait until Portugal, Spain, Ireland, Italy, etc need a handout to deal with collapsing revenue based on rising curve of debt payments.

I have one Euro Account some chump change in it which I may use to daytrade the Euro once it gets out of hand. I grew up with a stable currency that was collapsed by the IMF and Euro hedge funds so as Randy Quaid says to the Alien mofo's at the End of Independence Day:

"Hello Guys, Remember Me? I'm baaaaaack!"

Payback's a bitch ain't it?
View user's profileSend private message
Brother None
Desert Strider
Desert Strider


Joined: 09 Jul 2003
Posts: 825
Location: Rotterdam, the Netherlands

PostPosted: Fri Feb 12, 2010 10:11 pm Reply with quoteBack to top

orionquest wrote:
There's way too much market volatility outside of IPLY's Blizzard like Frozen Tundra condition, otherwise I would dig up some of the filings detailing the dealings to fund games between IPLY and Microprose/I2G but does it really matter?


I'm asking an honest question. I follow IPLY filings more regularly outside of anyone but the stockholders, and I recall no deal being promised to fund four games. That filing mentions those games, and mention the I2G stock deal is about funding games, but it's a leap of logic to assume those two statements are related.

Right now DaC has something on the front page presented as fact which, as far as I can see by filings, is pure speculation. That is not a Good Thing.
View user's profileSend private message
Frater Perdurabo
Paragon
Paragon


Joined: 05 Jun 2006
Posts: 2428
Location: Vőro

PostPosted: Fri Feb 12, 2010 10:14 pm Reply with quoteBack to top

The euro will take a hit, but a mere hit. The dollar will never be what it used to be.
View user's profileSend private message
darkknight
SDF!
SDF!


Joined: 28 Oct 2009
Posts: 12

PostPosted: Sat Feb 13, 2010 12:27 am Reply with quoteBack to top

Brother none,

Look in any of Interplay's quarterly filings, and you will see where they list that I2G is seeking to fund those 4 games, under certain conditions. It's been common knowledge for quite some time. There is no guarantee or confirmation that I2G did fund the games, but the posting of their acquistion of shares as well as the filing that came right after in which a huge, huge, investment firm announced their large stake in Interplay are suggestive that this all went through. Until official confirmation comes, the filings are just suggestive, but very much so.

Go Iply!!
View user's profileSend private message
darkknight
SDF!
SDF!


Joined: 28 Oct 2009
Posts: 12

PostPosted: Sat Feb 13, 2010 12:32 am Reply with quoteBack to top

Brother none,

here's one example of the talk of the deal in one of Interplay's old 10-k's. this is from 09.

We are exploring ways to leverage our portfolio of gaming properties
through sequels and various development and publishing arrangements. We are
planning, if we can obtain financing, to develop sequels to some of our most
successful games, including Earthworm Jim, Dark Alliance, Descent and MDK. We
have reinitiated our in-house game development studio, and have hired game
developers. Initial funding for these steps was l mainly derived from the
remaining proceeds from the sale of "Fallout".


23
<PAGE>


We have entered into a Game Production Agreement with Interactive Game
Group which provides for the financing of the development of games under certain
conditions.
View user's profileSend private message
Brother None
Desert Strider
Desert Strider


Joined: 09 Jul 2003
Posts: 825
Location: Rotterdam, the Netherlands

PostPosted: Sat Feb 13, 2010 12:38 am Reply with quoteBack to top

darkknight wrote:
Brother none,

here's one example of the talk of the deal in one of Interplay's old 10-k's. this is from 09.


Yeah. That would be exactly the same filing I linked to in my post.

Since the filing only says "of games" it could well be referring to the DSi titles, or the WiiWare ports. Assuming it is talking of four titles mentioned offhand elsewhere in the filing is, as I said, pure speculation.

Again: your statement is Fredrick, through I2G, agreed to fund 4 of Interplay's games through his company. I have seen no proof of this statement.
View user's profileSend private message
orionquest
Scarf-wearing n00b
Scarf-wearing n00b


Joined: 08 Jan 2010
Posts: 35

PostPosted: Sat Feb 13, 2010 12:47 am Reply with quoteBack to top

Frater Perdurabo wrote:
The euro will take a hit, but a mere hit. The dollar will never be what it used to be.


I used to think that too and used to think that the dollar will go to oblivion but I now believe that the Euro is an unstable currency since people will find out that the Euro zone is a failed experiment due to the failed quasi socialist state status of many of these countries which have an overload of obscenely wealthy people paying less taxes than average citizens.

I'm not much on paying taxes off of one's own work but when you have wealthy people whose wealth depends on controlling the Governments of the nations they don't want to pay taxes to, that is something I do not agree with.

The individual who has barely enough to survive should not be paying the heavy and hidden taxes of inflation based on the currency devaluation that will inevitably occur when budgets are out of whack.

To make the lower end of the societal strata pay the heavier burden is the definition of Anti-Christ: taking from the poor to give to the rich.

There is a way to liquidate the wealth of the ultra rich via the same legal financial terrorism methods many of them use to get richer.

As far as the European vs US cartels, let's just say this sad but true fact: Whomever has the most advanced weaponry ends up with the strongest currency.

If London bankers and their European/US Merchant banking agents trigger a big enough world economic collapse that pushes another billion people into poverty, they are going to find out why the United States has massive military budgets that even the US President does not know about.

There are 27 security clearance levels above the rank of the so called "Leader of the Free World"

Bill Clinton once said he doesn't have enough clearance for some of the things that go on in the Department of Defense.

People can scoff at what I say all they want and I recommend it icon_evil_laugh , and then when the time comes when they are exposed to the hidden technology, they're going to think it's not of this world and might end up doubting their own eyes and ears.
View user's profileSend private message
MadBill
Strider Elite
Strider Elite


Joined: 03 Feb 2005
Posts: 932
Location: Vault pi

PostPosted: Sat Feb 13, 2010 2:37 am Reply with quoteBack to top

King of Creation wrote:
A new Descent game would be amazing.

A new amazing Descent game would be amazing.
View user's profileSend private message
The-Barron
The Unlucky SDF!
The Unlucky SDF!


Joined: 13 Nov 2009
Posts: 13

PostPosted: Sat Feb 13, 2010 3:09 am Reply with quoteBack to top

From the Sept 30, 09 Sec filing.

"shares authorized; 115,695,268 and 105,855,634 shares issued"

now subtract "Treasury stock of 4,658,216 shares"
to get the current float of 101,197,418

So.. 105M issued
101M floating around (less if you subtract what Herve owns)
View user's profileSend private message
Display posts from previous:      
Post new topicReply to topic


Jump to:  



View next topic
View previous topic
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group