Bankers reviewed Rage’s position and decided to discontinue the group’s banking facilities on Monday, according to a terse statement made to the stock exchange. Shares in the group fell by 66.67 per cent before trading was halted, leaving them languishing at 0.33 pence per share.
It’s not known what prompted the banks decision to close the company’s credit line. Several commentators had expressed optimism in Rage’s chances of improving its position this year, thanks to a relatively strong line-up of software (including Xbox Live title Lamborghini, which has previewed well in many publications) and a significantly decreased cost-base.
Source: Gamesindustry.biz
