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Court Filing Says Midway's Money To Deplete By July

In a pre-hearing statement filed March 30, 2009, new Midway owner Acquisition Holdings Subsidiary disclosed a number of details about the troubled publisher, including an estimation that the company's cash will be depleted by July of this year if it continues losing money at its current rate.

Also included in the document, unearthed by GamePolitics, is a description of Mark Thomas, the man behind Acquisition Holdings who negotiated the purchase of Midway for a mere $100,000, and who has been the subject of considerable speculation as well as concerns that Thomas stood to profit at the expense of Midway's creditors.

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