http://www.hegnar.no/bors/artikkel556356.ece
I translated this with google translator :
Last week it became known that the sale of Funcom Lego Minifigures Online has failed since its launch a month ago. It was stated that "proceeds from all games will not be enough to cover both operating costs and debt obligations" which is due in June 2016.
- In plain language, they say that they currently not have the ability to settle when the debt matures. A nonpayment will be the definition of default, known as a technical bankruptcy, says credit analyst Pål Ringholm in Swedbank to DN.
- Technical bankruptcy is of course a possible scenario ultimately, but the company has taken and will take steps to prevent that to happen. Everyone working in Funcom live for game development, and as a company it is something we have done for over 20 years. We work hard for there to be many, many more, says COO Ole Schreiner in Funcom.
Funcom had Q1 an interest-bearing debt of $ 12.7 million, which equates to 104.5 million kroner. Reder heir Hans Peter Jebsen is through the investment company KGJ. largest creditor.
Schreiner says the company looks at every available opportunity to deal with the situation, including the possibility of renegotiation of loan terms.
We, the fans and player of Age of Conan should know whats going on in Oslo....