Midway could face bankruptcy in fifty days

It seems that not even Superman can save ailing publisher Midway, as an SEC filing has revealed that unless the Mortal Kombat creator can pony up $150 million within fifty days, it faces bankruptcy.

At last count on October 31, Midway had a $10.3 million cash total. It is currently looking for “strategic and financial alternatives” to its money woes. Unless it can find one of these alternatives to liquidation, it’s a potential fatality for the troubled company. 

At the beginning of the month, we reported that the majority of the company’s shares had been sold for a measly $.00012 per share. This caused the overall share price to drop by 40%, meaning that shares in Midway now cost 23 cents apiece. 

No amount of desperately editing MK vs. DC for a Teen rating will save Midway now.