Lets see a I can buy the game and guitar 69.99 or buy the guitar solo 99.99. They are scraping for cash. They need to guide some strategy moving forward and buy some shares with their own money otherwise this is not a investible stock in my opinion.
So now I am confused in the press release it said they all resigned. They must have been asked to resign If they are receiving compensation yes or no.
They are new compared to who left they probably wont have the same ties to the Mad Catz name and hopefully a little more motivation to carve out there own Legacy. I didn't say I was interested in adding to my investment here but am holding at these levels seeing over time where they go from here. Its going to take a long time to turn this around and not long for this to get out of control.
The flip side is Darren is gone and the company didn't announce chapter 11. The company share price didn't have much to drop imagine if this was still .60 cents.
Some one didn't crunch the numbers to well when they signed the deal with Haromonix. If we sell 250000 units full price and 250000 units at 30% percent off we lose money not to bright. Dissapointing
If you guys are basing your investment here on the earnings call music good luck!!
Seems at this point it would be to early to tell if rock band was sustainable or not. I thought the launch and final month before Christmas went fairly well. Maybe my expectations were to low but it seems to me that mcz is moving more products recently than the last couple years. The cheaper headsets sold rather well , the cymbals and legacy controller were usually up their for accessories. They had a few high price niche products doing decent with the fight sticks and flight controllers. Are they giving to many products away to their passionate gamers.