Unfortunately, things are not looking good at all for Funcom and Age of Conan: after reporting, early last year, their all time high subscription numbers of 700,000 players, now the company announced that there are just 100,000 left. The developers also lost 23,3 million dollars in the fourth fiscal quarter of 2008 and, to add to the pain, their CFO Olav Sandnes resigned today.

According to Maximum PC, Sandnes said: “Funcom is a company with a substantial potential based on a unique combination of skill sets in a fast growing global market. I wish Trond Aas and the rest of the organization all the best in realizing the full potential of the company”

So there is clearly a big question arising: can Funcom turn things around? They have recently released a major update to Age of Conan and are constantly improving the game, but it appears that either they’re not doing all they should, or the players are reluctant to come back and give it another try. However, one thing is clear: Bill Roper was right to say that many companies would love to have 300,000 subscribers, as Warhammer Online has.

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