10Tacle Insolvency Proceedings Initiated

The German version of Wallstreet Online is reporting that 10Tacle Studios has requested yesterday the initiation of insolvency proceedings over its assets. 10Tacle shares have fallen 75%, as the 6.2 million Euro funding did not materialize. Now we can only hope that IPs like Elveon will be picked up by capable developers or publishers and the games will finally see the light of...our consoles' optical block.