Investors in Tomb Raider publisher SCi have demanded the resignation of company management, says a report in the Times Online.
Falling stock prices are just one reason that chief executive Jane Cavanagh's position is "untenable"; a financial analyst said it's likely that SCi "will run out of cash by May or June."
SCi recently had been in talks with a number of different parties, reportedly including Ubisoft and Time Warner, about sale of the company, but nothing ever came of it. Over the past five months, SCi shares fell 65%. The company will be forced to borrow £30m, but according to a financial analyst, it's "extra cash just to keep the lights on."
Tomb Raider: Underworld, which might have helped pad the company's coffers somewhat, has been delayed six months. Even that target release may be wishful thinking, given the shaky ground SCi is currently on.
Game Over for Tomb Raider Boss [The Times Online]
