Careful on this one. It is going to become a day traders thread until after next reported results. Then I would expect it to remain in the same price region as today or even dip below. Staff reductions will not only entail redundancy payments but an extra workload on those left behind. In effect this will slow down work process. We also have the financial penalties to consider, meet the deadline or pay the penanty and in this case I would suggest that they are substantial. No point in a film being at it's peak when the game is released 6 months latter. There is also the question of what has been disclosed and what hasn't, though I expect we have seen the worse. There is also the question of raising funds! how will they do this? if they are loosing money and not receiving expected revenue they will need money to complete games already being produced.
I did hold and sold on the way down at a loss and won't buy back again until the future is clear.
All the best to those holding.
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