According to a letter from a hedge fund investor to Majesco Entertainment (Psychonauts, BloodRayne 2, Advent Rising, Raze's Hell), Majesco is in danger of going bankrupt and must "take decisive and aggressive action to begin to deal with the enormity of problems that now face the company."
The hedge fund, of course, is interested in making that cash infusion by purchasing some 3.3 million shares of Majesco. This would give the fund more control over the management of Majesco, presumably allowing them to make the changes that they deem necessary to return the company to profitability. If Majesco doesn't accept this "generous proposal," the hedge fund has vowed to make a hostile takeover, resulting in sure curtailment of the careers of some Majesco execs.
Though we might scoff at the idea of a finance geeks running a games company, it would be hard for Majesco's new management to run the company any more disastrously than it has been run of late. Majesco stock is near a 52-week low (see chart to at the top of this post) after a string of mistakes.
