Funding woes see GAME Group shares suspended
Lack of agreement over additional funding sees GAME Group shares suspended
SHARES IN high street retailer GAME Group have been suspended, pending further discussions over additional funding.
While a third party has shown interest in providing funding for the computer game retailer, “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”.
GAME’s problems worsened at the end of February when suppliers began to stop providing products to the retailer.