Herve down $230000
Posted Tuesday, June 29, 2004 - 17:51 CET by chevalier

Noticed the trend? We have at least one or two Interplay failure news posts daily. Perhaps we should call it Daily Interplay Failure News? Today, however, we have something more comforting to communicate: Herve is $230000 down on the shares he bought on April 17th for $0.052 each, which is over twice the current last trade ($0.025). Here's what an Interplay shareholder says in Raging Bull IPLY forums:

The only thing still keeping me in, other than pure stubbornness, is that Herve is a weasel and a snake. Herve's back is against the wall, and he is heavily invested in Interplay. I'm thinking that with the help of SG Capital that he'll be able to figure out something that is in his best interest, which hopefully is also in other shareholder's interest. It could even be selling off all of the licenses, perhaps bringing in enough money to pay off their bills and make a small profit. I can't imagine Herve going down without a fight when he has 9 million personal shares. It's doubtful that whatever he does will be successful, but I'm betting he has one last card to play, hopefully providing enough time for us investors to earn back a little money and to get out then.

Or, quite clearly and straight to the point:

Herve down over $230,000
Herve purchased 8,679,306 @ .052 on April 17

Read the whole thing at Raging Bull. Don't forget to check Interplay's summary (now restored to IPLY.OB) for further break at Yahoo Finance.