Nobody likes the CEO since he completely blew up the company from 25$ down to 3$. Their been talk that the CEO been looking to take this private. In addition, You already seen a ton of deals in this space as the market WILL NOT give this industry-boom-bust-with new games a high value. Hoping he takes it Private 4-6$ by first quarter,
or higher just based on the 160 million min payment, 30mill for the game, another probably 40mill real estate, Funbox, planetside, other games. CEO and the board not doing their job since the stock is only 3$.
CEO looks to me going for long term NTES shot.
CEO is a clown- Worst transparent company in the market.
1, whats the terms of the QIHU deal-? Is qihu putting money upfront in the joint venture? when will the game be released in China? When Firefall was released in USA the company didnt even had a press release
2, What happened to the 30mill deal to sell 2 games?
3, Qiji was suppose to be released 6 months ago- another delay-no news?
4, The ceo is trying to keep the stock down so he can take it private- Im hoping its at least 4$- NCTY needs to get OFF the market.
You just have to set up google translator which is easy. Their's like 2-3 new things every week.
This week their's an interview with Adam, plus efut been at a couple conferences plus looks like they will host one next week.
plus or 6$ but again small Chinese never sell and thats why the market doesnt trust companies like NCTY and stock trades like a joke because the ceo is. Who cares how much he owns because his price is never and they have no board members to force him in creating value. very sad because I agree value is dramatically higher.
i would guess thats why their is a bid- egle coming out of will be dramatically stronger and who know's where shipping cost goes but if they ever say double from here those warrants might be big-
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.