The chances of a second TNA Impact video game appear to be even lower as filings by Midway Games claim the company is now worth less than its secured debt and all cash is expected to be gone by June reports The Wrestling Observer Newsletter.
Mark Thomas? Acquisition Holdings Subsidiary recently purchased controlling interest in the company from Sumner Redstone and filed a document that reads: “While Midway did obtain a 2008 appraisal which purports to show substantial value for Midway’s assets, an examination of that appraisal shows that it was based on unrealistic and unreasonable assumptions. In any event, bids actually received by Midway for its assets show that the appraisal is unrealistic. To show how badly Redstone wanted out, he sold majority interest in the company to Thomas? company for only $100,000.”