The problem as I've stated is the Chinese never want to sell so value or price is tough or they could have sold firefall in my opinion to Qihu for over 200 million which is 7-8$ in stock but the Chinese never want to sell. its good news
yes- hes stupid should just sell the whole company- sum of the parts are worth dramatically more than the market cap-will always trade at a big discount because big funds dont like small players like this.
I agree-but NCTY will trade at 50% discount to its true value because:
1, funds do not like this sector because its boom-bust cycle based on games and pipeline. NCTY is a pefect example of this as it had huge hit , made a fortune-stock was over 20$ but then imploded for years-losing a ton of money because of huge problems in their pipeline and that how you got 3$ stock.
2, NCTY again does have huge pipeline of new games and has a bad track record of releasing things on time.
3, NCTY is the worst PR company in the world- only release EPS every six months in which no company does that and basicly are not shareholder friendly.
The position is the CEO at one point could have sold the company for 20$ or for him thats about 200mill value and he blew it and his stake when to about 30million after the implosion. Is that dumb to repeat it again
4, Its holding company will assets that are partnered with rich companies- they own 40% of funbox and 70% of firefall. in the USA SMALL companies get rich by SELLING their companies to the big boys. China boys have not figured this out. I believe he could sell firefall , funbox, real estate, qunar, small games ect for ia for 250-300million in the next 6 months which is around 10-15$.
I agree but we only own 40% of funbox and don't have control so as a holding company for this equity it will trade at substantial discount until it can be liquid or sold. you might be right because on the last call I thought he hinted that they were looking for way to monetize funbox for ncty shareholders-which they sell it, ipo it, spin it off.
Headline-Put the company up for sale- already selling small games-already sold part of the big game.
The problem with NCTY and basicly this sector of small gamers is the market doesnt like them at all and that why you have a huge discount. They don't like them for the simple fact is these small gamers because of their pipeline have massive boom-bust-boom scenerio depending on the release of the games and the success. NCTY fits this perfectly as its in bust phase right now about to go in boom phase. Hopefully, the CEO see's this and changes his tune because he has lost over 100million plus in ncty value in the last say 5 year. The other major point for complete liquidation is they don't even own 100% of their 2 big products-their equity holders with big players. They should just sell out to their partners. In addition, ncty has very little pipeline in the works. The great news I think they could liquidate the company for 7-15$ right now-which is chump change for its partners. If they don't liquidate i think NCTY will eventually trade at a 50-60% discount to its liquidation value or 4-6$. time to cash in CEO
Where's the press release? Where's the media for the hype? where's the licensing deals? Thats why 2.30 all time low
what a joke.
Ha- I dont think that's delay because in reality most investors were looking at that date anyways or hoping it gets launched in the fourth quarter.
If they really had 50mill and stock would go to 5-7$ quickly. Instead money slowly disappearing-give me a break.
never hear from him again- Yea he took a big short but short interest was the last 3 reporting period . Nothing like trading paper money.
thats my point he needs to sell the assets not NOW but within a year or two when things get going to max profits for shareholders. the company market cap is 50mill right now so i dont know how you get the 25% number
I agree but I think the company has made pretty good progress or if 7months ago when it launched I think everybody would be thrilled to have almost 1million sign ups during the first 7 months and lot blue chip companies sign up with them. I guess my point growth on mystore is unbelieavable .
I would guess you had 30 companies with collectively well over 1 billion in sales get involved in it so far-not bad so far. ha