As reported at
http://www.fatbabies.com/fatrumors.html

Quote :
"It was heard from employes that Gamespy is now close to running out of money with no savior in site. The thing that hurts insiders more than anything is this could be avoided if the dork at the top, Mark Surfas, would step away and accept seven millions from others for his shares and leave."

Fatbabies is often pretty far off the mark. It wouldn't surprise me if Gamespy was in a cash crunch given the current market conditions, but if someone wants to buy a chunk of the company for $7 million, that means it still has value.