It appears that Majesco are suffering from a lack of finances after a few mistakes regarding promoting some of their games.

Majesco has cut their sales targets and Chief Executive and Chairman Carl Yankowski has resigned this week, with some suggesting it could be due to them over-investing in promoting certain games.

For the meantime the company's current director Jim Halpin has been promoted temporarily as they search for a new CEO. However, the future seems bleak. Majesco had predicted sales between $175 million to $185 million for this fiscal year, but have now cut them back to between $120 million and $125 million.

Since Majesco announced their current financial situation their shares have dropped 50%. While things do not look bright now we can only hope that things pick up for Majesco.