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July 23, 2013 03:06 am GMT

Behind On Loan Payments, Online Gaming Company Zattikka Could Fold As Soon As August 2

Screen Shot 2013-07-22 at 2.39.48 PMOnline gaming companyZattikka suffered a precipitous decline on the London Stock Exchange today, falling a staggering 64 percent in normal trading.The cause of the plummet is simple: Zattikka is behind on its loan repayments and today confirmed that discussions are ongoing with its creditors. That is troubling given that a loan payment of0.275 million, which was due on the 9th of this month, remains unpaid. The debt owed comes via a firm that Zattikka purchased, Hattrick.

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