User blog:Sim533/Regarding Summer Launch of LMO.

I'm seeing that Verillo found an update regarding the summer update. Here it is!

Funcom N.V. (the "Company") would like to provide an update with new information regarding the previously announced summer launch of the LEGO Minifigures Online game. As it is common practice on mobile platforms, the game will be available in a limited test market prior to its full global cross platform* launch which will take place on June 29th, 2015. The Company is also exploring the possibility of launching on additional platforms and will keep the market and the players informed when there is concrete information on that subject.

Based on preliminary forecasts for the economic performance of LEGO Minifigures Online, the Company is actively seeking solutions to the repayment of its debt due in June 2016, as revenues generated from all the games are not expected to be sufficient to cover both operational expenses and debt repayment obligations. As such, the Company is in discussions with its creditors on the subject and is also considering the possibility of raising equity through a rights issue to cover its capital needs.

Additionally, the Company would like to inform the market of a change in the information related to the investigations from Økokrim. As of the May 29th, 2015, there is now an employee with charges related to the case.

Lastly, on the subject of the Company's position in Stunlock Studios AB, the Company recorded an impairment charge on the entire book value of the shares amounting to USD 210 thousand based on a re-evaluation of Stunlock's current and future revenue streams. In addition, as part of the consolidation of Funcom's strategic areas, the Company will seek to sell its ownership in Stunlock Studios AB to interested parties.


 * Supported platforms are Windows, MacOS, Linux, iOS and Android. Platform holder approval is required for iOS and Android, which can influence the launch date. Supported iOS devices are: iPad Air, iPad Air 2, iPad Mini 2, iPad Mini 3, iPhone 6 and iPhone 6 Plus. On the Android platform, the game will support a limited selection of Intel x86 based tablets.

The 3rd and 4th paragraph are actually not really important but I'm copying them too as I'm quoting their press release.