So, how successful was the Left Behind Video Game that spawned some controversy a few months ago?
When Left Behind Games launched its convert-or-die videogame Left Behind: Eternal Forces on November 7, 2006, its stock traded at a peak price of $7.44 per share. Breathless boosters at RedChip issued a “strong buy” recommendation and predicted that within 18 months, the stock would soar to as much as $18.70 per share. Really?
In fact, Left Behind Games’ stock chart looks like a ski slope. Not a gentle bunny hill, but a World Cup grand slalom course, groomed for a world-beating downhill run. Today, you could buy a share of Left Behind Games for a quarter — with change left over. On March 21, 2007, the stock closed at 18 cents a share….
Although game sales have brought in some revenue, the stock has yet to earn a dime of profit, according to the latest quarterly report of Left Behind Games, filed on February 20, 2007. And, according to the quarterly report, “As of December 31, 2006… we had $698,763… of deferred salaries due to our officers.” Moreover, in December 2006 and January 2007, a corporate officer made two interest-free loans, totaling $23,000, to help the enterprise with “working capital.”
And the road ahead looks even bumpier. For example, the firm is obligated to pay Bible publisher Tyndale House, by March 31, 2007, a hefty $750,000 royalty payment for licensing the game, which is based on the best-selling and profoundly bigoted Left Behind novels co-authored by Southern Baptist minister Tim LaHaye and Jerry Jenkins.