Anybody in Game? Holding a lot of stock purchased at 66.5p p/s.
Any views greatly appreciated.

The GAME Group plc ('GAME' or 'the Group')
Suspension from trading


"Further to the announcements of 12 March 2012 and 14 March 2012, the board of GAME has assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business.

The Board now considers itself to be unable to assess the business's financial position, and is of the opinion that there is no equity value left in the Group. Therefore the Company has requested that the listing of its securities on the Main Market of London Stock Exchange plc be suspended from trading with effect from 7:30am today.

The Company will provide a further update in due course."

Suspension from Trading

http://www.moneyam.com/action/news/showArticle?id=4332878

http://www.bbc.co.uk/news/business-17455742

Notice of Intention to Appoint an Administrator
RNS
RNS Number : 7782Z
Game Group PLC
21 March 2012

21 March 2012
Notice of Intention to Appoint an Administrator

"Further to this morning's announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business. The board has therefore today filed a notice of intention to appoint an administrator.

In the short term the Board's intention is that the business will continue to trade and discussions with lenders and third parties will continue under the protection of the interim moratorium."

- ENDS -

OpCapita takeover of GAME all but ruled out

A source close to Comet owner OpCapita has revealed to MCV that a deal to takeover GAME is now very unlikely.

GAME this morning filed for administration and is understood to be preparing to re-launch in a slimmed-down guise under an amended management team.

That’s despite the fact that OpCapita had, as revealed by MCV, tabled a bid that would have eradicated all of GAME’s debts and preserved the business as an on-going concern.

“They put together a fully-funded proposal,” our source stated. “They had the money lined up. They’d done due-diligence, and met the company and the banks. It was ready to go.

“They wanted to operate GAME as a viable business. They’d re-established relationships with suppliers – and they had their support. So it’s slightly strange. The question for the banks now is are they going to pay the suppliers or is this all about the banks not being prepared to take a write-down of their debt?”

Our source added that a deal is still a possibility if talks can be re-established during the current ten-day moratorium period, but admitted this is looking “unlikely”.

However, OpCapita’s original offer was for a pre-administration GAME. Any possible new deal would depend not only on the shape of the company that emerges from the other end of the process, but also the banks’ willingness to re-enter negotiations.

An official OpCapita statement issued to MCV said: “We put forward a fully funded proposal which would have preserved GAME as a viable business in partnership with suppliers who have been very supportive.”

http://www.mcvuk.com/news/read/opcapita-takeover-of-game-all-but-ruled-out/093144

game over!

marky - wish you hadn't been such muppet and had avoided altogether

Game Group goes into administration

Britain's biggest video game retailer, Game Group, has gone into administration.

The group employs about 10,000 staff at its 1,300 stores, 609 of which are in the UK and Ireland.

The administrators from PricewaterhouseCoopers said that the retailer had suffered from high fixed costs and an ambitious international expansion.

Its business has been hit by competition from online-only retailers.

Game on? Game Group shops sold to OpCapita

The administrators of Game Group have announced that the 333 of its UK shops that are still open have been sold to OpCapita.

The agreement will safeguard the jobs of nearly 3,200 Game Group employees.

Investment capital firm set to rescue Game

http://www.bbc.co.uk/news/business-17575500

yep sold for a squid - some people with rose tinted glasses suggest there is value from the international business and something back to share holders - absolutely no way imo - game dont exist as was and likely only thing left in international stores will be a raft of liabilities - i hope folk got out here before it was too late

my ISA still shows my small shareholding in GMG. I know the Co went bust and was bought out and a new GAME is now working. As I understand it my shares are worthless as that Co no longer exists so just wondering why the shares have not been removed from my a/c?