It looks as if it's over for Gameplay - off 13% at 0.85p - the computer games firm that was worth millions of pounds at the height of the dot.com boom last March and is now valued at £1m.

Yesterday Gameplay - which now employs only two people - said that what remains of the business is worth just £90,000.

Announcing full-year results, chairman Mark Strachan tried to explain how a firm that was voted AIM newcomer of the year is closed in all but name. It had hoped to capitalise on the growth of broadband to turn itself into a provider of online games.

But broadband services were delayed, and the strategy collapsed.

Selling its operating businesses in the teeth of a tech recession in order to raise cash produced a spate of sales, and the company was forced to put itself on the block in the summer. Talks with a possible rescuer collapsed on Thursday.