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It is looking like 'game over' at GAME, the video games retailer which has been beset by cash flow difficulties and a reluctance on the part of games publishers to supply it with games for sale.
Trading in the company's shares has been suspended, with the board conceding that, in its opinion, there is no equity value left in the group.
The verdict came after the board had assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business.
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The board now considers itself unable to assess the business's financial position, and consequently has asked for trading in the company's shares to be suspended.
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Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
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