They have to want to sit on the BOD, so you have to find someone knowledgeable and willing to put their name on the BOD. Trust in the CEO is a big factor. Glad we don't have a problem there. They seem to trust him to a fault.
because you know the stock always drops after Darren Richardson speaks. Sorry, its the truth.
Please tell me how he still has this job? Wheres the board? Do they realize they have a fiduciary responsibility and can be sued? I guess its a good sign none of them are resigning.
When i saw 2-4 months delivery i thought maybe they lost the private label and a new company was taking over.
Maybe some news has leaked. This ship leaks!!!! Look at last Q. EVERYONE thought they saw a blow out quarter coming, but someone knew that was otherwise. Someone know confidently enough to sell, sell, sell at .43. Not hold, wait and see, but SELL NOW. That's inside information IMO.
I think you're way off Norwalk. A large company could make $10M off MCZ the first year. Double that the next, etc. I don't see $100M out of the question here. Future value could be much greater than that.
if the buying continues tomorrow, could it be a leak about something? this ship has always been leaky. too bad i can't learn that lesson as with the last report's results were obviously leaked.
i think i will start doing this. I'll take A - H companies if someone wants H - ?
Any mention of Darren Richardson speaking about Mad Catz drives the stock down. I understand after this last cc. I understand why there hasn't been any response from these conferences.
May i call and present myself as a shareholder, then ask if they have any interest in buying Mad Catz for $50M? It won't get any further than that but it would be an interesting phone call, if you have the skills to get to the right person. "Hey Kevin, its Salami the shareholder over here at Mad Catz. We're inquiring if you're interested in acquiring us?" Kevin: "no" Salami" "starting bid is $35M". Kevin: "we'll take it!". Salami: "ok, call Darren Richardson for the transfer paperwork. Nice doing business with you Kevin."
Whats their opinion of how things are going? Need to get some quotes in case this goes to the back rooms.
Depends on how you value the company. Who cares about the stock price, right? In the hands of the right people, organization, this company is worth $100M. FoxConn could squeeze $20M a year profit out of this carrot. They've (FoxConn) been trying to diversify into retail, so...
Someone is shopping for a headset the instant they realize they want/need a headset. They aren't going to wait 2 weeks until something is back in stock. Maybe an Iphone but not a SWARM. Not a Saitek HOTAS either. The passionate gaymer is ready to play their game! Get the product produced!
oh-i took it that he didn't order enough. I saw a load of stuff out of stock across the board off and on during the whole quarter. then the comment about producing small orders and air shipping so as not to tie up capital.
existing admin and marketing skills. They bang out $85 million almost solely direct to passionate gaymer.
If Darren does the shareholders right, and of course himself right, he'll sell off for over $100M after this year ends. Remember - the new agreement from last year states execs get their salaries, options and bonuses through the whole year during the year of a possible buyout or takeover. Maybe it states through the next year? I believe Darren would make a little over $2M on his options, collect another year's salary and bonus. It would put a decent, yet not great, success story on his resume. Or the other option, possible failure due to manufacturing and capital constraint?
I think you missed the point. Darren's words from this last cc made it sound like it was their decision to sacrifice top line growth. If that was the case, they would have known in November during the very exciting and positive conference call that they had made those sacrifices. You don't order product Nov 1st and expect to receive it by the end of the year to sell. Not if it is being produced and shipped from China, unless your backup plan is to air ship it and sacrifice margins. That's a bad call IMO. And that contradicts their stated plan.
cc he was full steam ahead for return to growth and profitability? That was 6 weeks before the quarter would end! Those top end decisions/sacrifices would have come back in Sept and October. There are 2 steps. Step 1. Place an order and produce the inventory. Step 2. Ship the inventory via cheapest method (Duh!!!) November would have been too late to make those decisions. Doesn't add up to me.