Everything I own is boring lately. I guess I need to get some more hobbies til things pick up.
Something magical about that top 20 number? For Xbox One, the RB4 BnB is #34 at Walmart currently. The Guitar Hero Live Bundle (which I'm assuming is software and one guitar @ $99.96) is #33.
For PS4, the Guitar Hero Live Two Guitar Bundle ($149.96) is #28. The RB4 BnB ($249.96) is #44.
Frankly, I'm surprised that somebody ISN'T doing that, and that the price isn't rising as a result. My only explanation is that MCZ is so small and so disregarded at the moment, that nobody with the resources to do such a thing believes it to be a worthwhile exercise.
Next time you're coming to town, give me as much advance notice as you can and we'll share a meal somewhere.
That IS good news. I'm still perplexed as to why anybody would pre order any title in person when the process is so much simpler to do online. As to having a few SKU's in stock, why does that surprise you? Retailers need those to capture impulse shoppers. Especially the kind who rush in last minute looking for a gift.
Per the company's website, "GameStop operates more than 6,600 stores across 15 countries." Two pre-orders per store equals 13.2k units. My hope is to hit 200k total pre-orders by 10/6.
Arcade Stick Data - #EVO2015 Winners
P4U2 - QanBa
GGXrd - Hori
KI - RZR
UMVC3 - MCZ
T7 - MCZ
USF4 - MCZ*
S4/Melee/MKX were won on pads.
According to Mark Julio.
He's also famous for forecasting fy15 as "a return to growth and profitability." We all now how that turned out. That said, to the tune of greater than 600k shares, my money is on his RB4 prognostications being on point.
One thing I'm encouraged about is that the new credit deals were finalized on 6/30, so the new creditors likely saw financials up dated at least through 5/31, and still were okay with extending a substantial LOC. I'm hoping that 1q16 wasn't the disaster most of us believe it was.
Thanks 8ball. I'm disappointed that RB4 was readily visible. I know they had a set up at EVO somewhere because I saw pictures. And that's hilarious about the Razor stick breaking during the finals. I hope that encourages a few watchers to go with a Mad Catz fight stick instead! I also read that Tritton was the official headset of EVO. MCZ has been coasting with that brand lately. Hopefully they're ramping up for the holidays. To the best of my knowledge, Tritton has a solid rep.
I'm going to disagree with you regarding the relative importance of 1q16. Consensus on this board (not by me), was that 4q15 would be irrelevant (especially by the loud mouthed bfrnk types). Well, that turned out not to be the case as revenue was far less than expected, losses were larger than expected, and MCZ's auditor was forced to issue a 'going concern' statement. All that combined led to a 10 cent/share drop. I bought shares at 46 cents prior to that earnings release. Had I waited, I could have purchased those same shares at a 20% discount (or 20% more shares!). I also bought more shares at 38 cents. I have no doubt that there are purchasers waiting in the wings for an identical opportunity to purchase below that low low price.
Will 1q16 matter in the end? To some extent it will, given the tightness of working capital and the opportunity costs associated with the loss of any of that capital.
And by Band-Aid I meant let's remove the veil and get this short term pain out of the way so that everybody can focus on the bigger things to come. Not that there was some gaping wound requiring treatment.
I agree. Very difficult to correlate pre order rankings to actual future sales. There just isn't enough information available that I can find, and MCZ sure isn't saying anything. VGChartz ranks pre order titles by total cumulative sales volume, but their numbers are highly suspect, and updates have been slow in coming lately. The latest US pre order chart is for week ending 6/27, and didn't list RB4.
I'm not in at 75% of my portfolio like bfrnk, but I hold at least as many shares. Maybe more after adding shares at 46 cents and 38 cents recently. Lightning has struck here a couple of times before. RB4 could be the mother of all lightning strikes.
given that it has been 5 weeks since pre orders began, and that there is no real incentive given by Mad Catz / Harmonix to pre order (other than bonus songs). Anybody tracking Best Buy / Game Stop / Walmart / Target? 10 weeks to launch date! I'm guessing the pending 1q16 earnings date is what is holding buyers out at the moment. Might as well rip that band aid off so that anybody who wants to can sell, and the rest can move past it. No benefit in dragging it out.
Looks like Giles gifted 80k shares to his 4 children (20k shares each). Two of the children reside in his household and therefore their shares have to be reported. No sale occurred.
And that's why I never buy shares in a company where insiders own more than 50% of the shares. I adopted that rule after getting raped by the Curtis Bros back in 2001. You've been around these boards a while Smaycs. Remember CURT?
"Fighting game tournament EVO 2015 has set a new record for the event series. It managed to attract more than 250,000 viewers for the Street Fighter IV tournament." -- full article on VGChartz
Wow! There might be some room for growth in the fight stick market!
Good points regarding the potential scarcity and sense of urgency associated with live events.