Neoseeker : News : Midway stock continues to plummet after Redstone bails
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Jarhead255 Dec 4, 08
Goodbye Midway! *Waves*
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Redemption Dec 4, 08
So uhh.. I checked GamesIndustry.biz to make sure, but somehow the math is kind of confusing here. $100,000USD of stock was sold, and he had a 87% controlling stake, yet Midway is valued at $21 Million?
Staff
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RabidChinaGirl Dec 4, 08
I think Variety, the main source I included, saw something strange as well. Under their article is a note that the post had been altered after some number crunching.
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VeGiTAX2 Dec 4, 08
It leads one to wonder if things really are so bad that he could only get 100k for the stock? If so that really is a disaster for them as shareholders are basically taking an extra hit on top of the already devalued stock by having to sell it below worth.

The math sounds very odd for it though unless the company worth is their total asset worth including anything they socked away.
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kspiess Dec 5, 08
I was going to buy a sandwich for lunch...but maybe I'll get some Midway stock.
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tballa Dec 5, 08
Everyone smile and wave at Midway!
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dvrocc Dec 6, 08
I totally believe the 100k stock poor midway! and things are bad not just for game developers but every where, you can get a $700k 4 bedroom home for $250k in the USA, stocks are iffy atm. I don't think midway will be the last to close its doors.
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