If that 21M share dilution goes through (just filed), then probably. But they'll reverse split after that to make it look nicer to the clueless.
So after releasing quarter numbers showing Majesco has basically no money coming in, they also file a Form S-8 regarding themselves 4 million shares of stock. No seriously, they did.
lol, more baller beats from 2012:
"NBA Baller Beats, the Kinect-based basketball rhythm game, sold a mere 3,000 copies in the US during its debut month of September, sales tracking service NPD told Joystiq. An odd outcome for a game that had a controversially high number of Twitter followers and YouTube views."
ha ha, baller beats. Can't.stop.laughing at gercooler... almost as good as him calling accesswire an analyst. pfffft, baller beats!!!! Is he trolling himself?!
How no one is being indicted is beyond me. It's all in the filing - they don't make games anymore, they have no staff that actually does anything game related, there is only management collecting a paycheck and awarding themselves stock. Total sham.
After the reverse split, they will do the stock offering that they approved. Then they award themselves the 4M shares that they approved for themselves. Then they will throw a dividend out there under the guise of "shareholder value." But really, they are just giving themselves another bonus while the commons get massive dilution and a few pennies of a dividend to recoup their losses.
Then wash, rinse, repeat.
Why did they have multiple press releases that included Majesco? If you look at the disclosure, it says in clear text that they were PAID to pump Majesco:
"...we were hired for a period beginning on 3/20/16 and ending on 6/19/16 to publicly disseminate information about (cool) including on the website and other media including facebook and twitter. We are being paid $100,000 (cash)..."
Gercooler called them analysts ("analyst accesswire is very bullish too...go figure..."). What a goofball.