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Midway Stock Now Worth Considerably Fewer Pennies
by Nick Breckon, Dec 04, 2008 1:30pm PST
Publisher Midway's stock has plummeted almost 40% since Sumner Redstone's sale of the company for an embarrassing $100,000, settling at an all-time low of 23 cents per share.
Friendly investor Mark Thomas purchased Redstone's majority shares of Midway on Monday. Though the publisher is still valued at $21 million, it also carries some $70 million in debt--a fatal figure that could actually be as high as $150 million, according to Variety.
The Mortal Kombat publisher is now in danger of being brutally delisted from the New York Stock Exchange, and must raise its share worth above $1 within six months.
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What about MK.. did anyone play the latest version. Is it good?
The videos look nice, even if its more of the same..
They dont seem to update the "graphic engine" for quite some time now...
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wait..wrong game...
I wonder how much it cost to license those characters from DC for that craptastical game that was released called DC vs. Strawberry shortcake...no it was MK VS DC VS SINBAD . that's it!