It (the balance sheet) is apparently too complicated for some to understand. He is stumbling over how the flow of accounts works in accounting and therefore can't interpret the existing balance sheet in a manner to allow visualization of the balance sheet after the next report.
I like your idea about making a statement toward utilizing an investment bank to investigate various strategic alternatives to bring value recognition to the share price.
In fact, if this management has any real intention of fulfilling its fiduciary responsibility to us, it will seriously consider your notion. If it has ever applied to any company, it has to be JAKK, IMO.
An 8K is filed for material events. MCZ has not had an 8k for a while now, OTHER than the normal 8Ks which are filed for the earnings reports. An 8K is available today for the deal with Harmonix.
There are a lot of details to the deal and some blanks left to fill in at this point. It looks like a joint venture of sorts where MCZ has more ownership interest than the former Rockband partnership. MCZ will have publishing rights to the physical game as well as the related hardware while Harmonix will handle digital publishing of the game.
Read the 8K; a discussion of the contents would be a good conversation here, IMO.
As my subject line says, the 8K itself spells "material event" and the details of the 8K reveal that MCZ has a lot at stake in this deal.
Game-changer (pun intended)!
It's notable, Micro. Good news; any reason for selling MCZ evaporated today, IMO.....plenty of reason for buying and, if there is something there as you note, it's good news again.....goal is clearly accumulation.
I don't know how many VTSI shares you hold now, but I'm guessing I might be in the ballpark with you now....so, already loaded up there for when the market chooses to take it up. It is very, very appealing. I've surely not forgotten VTSI!
You wonder how many hours or days it will take for this to sink in. This is like nothing that has happened before with MCZ "ironically" because Rock Band is now visible through the front windshield but Rock Band is also in the rear view mirror. To my knowledge, MCZ has never had a situation quite like this one before.
Do you buy at .42 or .52 or .62; let's see now....
Joey, we'll have to see how this develops; but it sounds like this is strictly a bundling deal (controllers with every game sale). If this is correct, MCZ could sell a lot of controllers.
We have the benefit of hindsight on this one; RockBand was a hugely successful franchise for MCZ. If it's just half as successful this time, it will require significant re-pricing of MCZ shares, IMO.
Micro, I guess it gave me a boost too. I'm responsible for taking out most of those .398 shares....I bought 40K just a short bit ago. I surely did not think I would add to my MCZ position again. However, I remember the last Rock Band. It was worth the bet below .40, IMO.
There's no need for an explanation. You are grasping at straws, IMO, friend. (looking for logic where it does not exist and failing to see the forest for the trees; your reply to my post is evidence you are seeing the "trees.") It's unavoidable that if the converts were not here, the stock price would not be remotely where it is; that's the "forest."
I wasn't being critical. I agree that taking profit is rarely foolish because stuff happens. I only commented because I thought Greco was being overly bullish in his earning hypothesis posed to me the day before the report. However, his hypothesis was not bullish enough, not nearly, in a revenue sense and we just don't know "how much" growth is expected yet, but clearly the company exceeded all expectations.
You make a good point about whether Ram has something else up the proverbial sleeve.
You asked me before the report about what my opinion was if IFON did 15M in revenue and gave a 30% growth expectation. Well they did 17.9M and said they would experience growth in 2015. While buying back in the 2.20s sure makes sense if it goes there, why would one sell in the 2.80s? Just because it went up a lot. The IFON business itself has shown itself in a big way and is the prop behind where the stock price should go. Short can be audacious, for sure, but in this case it will prove equal to stupidity, IMO, if they persist in attempting to rationalize a lower stock price. It can't be rationalized.
announcement of a credit line increase; for you old-timers, you know what I mean. Maybe, this is the remedy for fatigue, Micro; it's good news, IMO, and good that success also rides on Harmonix's marketing forum. When anyone with a history with MCZ stock thinks of a high stock price here, he/she thinks of Rock Band. So, the psychology of this is decidedly positive too, IMO.
You know, it wouldn't matter how many times you say it, you would never convince me that the current stock price is not solely explained by the presence of the converts. You may respond that you believe there's a difference between the "presence of the converts" and the "converts controlling the price." IMO, there is zero difference. If the convertibles did not exist, the stock price would be easily $15 or more. This has been a value-growth play for extended months now that reflects no market valuation evidence of the business reality. If the price would be much higher without convertible participants, then the convertible participants control the price.
today and over coming days, IMO. We have the combination of a report that was better-than-expected by virtually anyone, short or long; this with a stout volume today that probably includes some renewed shorting along with some buying and short covering. If I'm right about new shorting today, the combination of new shorting on the back of this report (trying to hold down the fort, so to speak) should serve to sustain blowups in the stock price for a spell, IMO. This could really get good!
Hey, neebhome....good for you, friend. The more I pour over these numbers, this company is growing lickity-split. It tapped its credit line, as I expected, but substantially because the growth was even better than I was thinking. Frankly, I don't believe anyone had expectations for numbers any higher than IFON put out there this report. The company has a great challenge (longs like owning a company with this kind of challenge) now to manage its growth....and today is simply a short-killer, IMO.
glad you are here and enjoying, bodybag.....glad for everyone. IFON has been an amazing stock for over a year now.
Shorts may try to defend some ground but with this report, I don't think it's doable....will simply drive us higher.