Yesterday
GamePolitics.com reported that Midway Games's mysterious current owner
Mark Thomas has filed a document last week before a hearing with the
US Bankruptcy Court - District of Delaware . In this new document there are many mentions of Midway's current cash flow situation and how the whole sale of Midway came to be. You can read the document
here.
The document states that the company will run out of money come
June while
Kotaku states that
Midway Games has told them that they can exist until
August at the current rate. Also mentioned in the article is the statement that Marc Thomas feels that Midway has overstated the value of the
Mortal Kombat franchise. The contents of that section are
redacted for it is very sensitive information at this time still because of possible other negotiations going on behind the scenes. So there isn't much to learn about there at this time.
Midway still has until
June 11th, 2009 to file their
Plan of Reorganization with the courts. At that time we will all have a better idea of Midway's plans to hopefully escape from their current financial woes, including where and how they'll be able to finance the company's budget moving forward. Until then, we at
TRMK wish all our friends at
Midway Games and the
MK Team the best in making it through this tough time.