amazon started the day stating very clearly that there were 15 available. now there are eight. this is very useful information as it lets folks know that when amazon reports 'sold out' it is NOT because they sold a lot, but because they had very few to sell. this is true for all those mcz sku's that never made it into the top 50 ranks but nevertheless were sold out. weak demand and even weaker supply means some lost sales, but not much.
you spend too much time at that gamestop website which often times seems to be all over the place. the way rankings change over there, you have to think there are not many units involved at all. gamestop used to account for 40% of mcz's revenues but that was almost entirely brick and mortar. one would think amazon online is now much more important than gamestop as a whole, much less just gamestop online. and, the amazon story is very bleak this year.
where is all the pent up demand? where are all those passionate gamers? what happened to the billion plus user market for this revolutionary product?
the problem is -- hardly anyone is interested enough in android gaming to spend 250 bucks
so you are out almost .40/share on your first 250k shares
wow, pretty good loss for less than three months of work
no wonder you ordered two mojos
this all-important xmas quarter is guaranteed to come in below $40 million which will make for the worst consecutive four quarters since even before darren began mcz's reinvention
and that is why institutional ownership has dropped from over 20% to less than 2%
the last three quarters have been unmitigated disasters
when the results roll in for the current quarter we will see yet another disaster piled on top
mcz has feeble products with lousy ratings across all of its ranges this xmas season, and the mojo rollout has been a big yawn with fewer than ten (10) sold on amazon
well, only recently, mcz violated the terms of their loan agreement, again
question -- if you were their banker, looking at mcz's history of violations and goodwill write-off's, and year over year sliding revenues with worsening losses, and carrying a fragile current ratio with basically no long term assets, would you not have daring darren on double secret probation? could this be why mcz did not get a payday loan this year? or perhaps darren knew that mcz's sku's would do so poorly that there was simply no need for any more money?
in any case, what remains significant and salient is the FACT that institutions that once held over 20% of this company began abandoning it three years ago and did not even stop during the miracle of rb3 or the merger with tritton or anything mojo. only renaissance remains and they hold only a fraction of the over three million shares they once held
bottomline: newbies, pay attention to the history of this company, keep an open-mind, and hope to gosh that daring darren doesn't put us through another PIPE
ps -- winkler is so, so, so happy to have gotten out of this mess
it's gotten so bad that some of our resident pompom pumpers are actually counting the number of mojo's sold on amazon on their fingers!
sure hope they have to take their shoes off before xmas gets here...
of course, it's white cousin somehow managed to temporarily rise to #7 but the kunai white is just hanging at #61 and everything else is pretty mediocre right up to tritton's gears of war dolby 7.1 at #174
now, some might wonder why we bother to bring up that old dolby 7.1 dog but the point is that it is actually doing better than the primer, or the detonator, or the trigger -- because none of them even show up in the top 200 at gamestop! isn't that amazing?
folks, rankings like that are sure to keep shareholders' stockings limp this xmas
there was a time when that was supposed to be the future of mcz. caused quite a spike in the stock. many a pompom pumper on the board at the time subscribed to sales in excess of $500 million in just its second year from just this miraculous (saint hopeful was not allowed to agree with that tenet) technology
apparently mojo is supposed to be even bigger, but so was the warhead and mcz's run at the music genre and its foray into software and...
face it, mojo should have moved to #1 immediately on release since passionate gamers have been waiting months to get one, right?
well, how come the other stuff that has been out for a long time is still able to outsell the new kid on the block?
answer -- it's an over-priced, unnecessary toy centered around android games of little interest
those reviews pointed out it's considerable limitations, particularly with respect to the caliber of games that can be played
see, it's all about the games, playing the games. folks don't care about all the wonderful things their console can do, all they want to to do is use it to play the games they like
and, if it takes a lot of education for us peasants to learn how to use this highly sophisticated but still inexplicably weirdly shaped piece of plastic then guess what, einstein -- it isn't going to sell
that's pretty bad when you look at it from an unbiased perspective
just consider the splash made when each of those other products came out
mojo hasn't even made a ripple
seems to be consensus after reading many reviews of this oddly shaped piece of plastic
and if this is the centerpiece of mcz's future, well...
"I'd still rather be 100th in a category selling 10 mil units than 10th in a category selling 1000 units."
as extreme as your example is, one must nevertheless ask 'why' would you ever care to be 100th in any category? do you understand the steep drop off that exists in these rankings, and how few unit sales it actually takes to rank at 100? we aren't even talking crumbs at that point.
year after year you cheerleaders try to create an argument against poor rankings, and even try to make hay when some sku cracks the top 50 but year after year after year the poor rankings keep translating into poor revenues.
you pompom pumpers really have nothing, nothing whatsoever, on which to base your rosy outlook for this quarter
it is a miserable mess, and daring darren made that clear by not getting a payday loan -- so get used to it because revenues are going down from last year
mcz clearly headed for a sub $40 million quarter which means a sub $100 million year for the first time quite a while
gee, ain't reinvention grand?