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11 bit studios SABiuro Maklerskie mBanku SA - 11 BIT STUDIOS (buy / PLN 182.00) – Bearish scenario already priced in
11 BIT STUDIOS: A week ago 11 bit studios surprised the market with the ambiguous news that it had started “a detailed analysis of the situation regarding one of its game projects, which may result in the need to write off unfinished development work.” Yesterday, this risk materialized and the Company announced that it has terminated production of Project 8, as Management lost confidence in completing the game “within a reasonable timeframe and at a satisfactory quality level.”
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