Beckham on Xbox
UK-based Rage is in trouble. It has been largely funded of late by the Royal Bank of Scotland to the tune of £6.2 million over the past year or so, and now the bank wants its money back, according to a report in the FT.
In response, Rage has organised a shareholders meeting for next month, at which it plans to gain support for a share reissue of 445,000,000 new shares, each valued at around 1.1p. Rage hopes that this will ease the immediate strain on its coffers and enable the company to continue trading for this year.
Rage is banking on the strength of its Rocky licensed boxing game as well as the Xbox version of its David Beckham soccer game which will be released to coincide with the World Cup.
In response, Rage has organised a shareholders meeting for next month, at which it plans to gain support for a share reissue of 445,000,000 new shares, each valued at around 1.1p. Rage hopes that this will ease the immediate strain on its coffers and enable the company to continue trading for this year.
Rage is banking on the strength of its Rocky licensed boxing game as well as the Xbox version of its David Beckham soccer game which will be released to coincide with the World Cup.
Companies:
Rage
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