And another thing, regarding large holders and the like; if we assume that the big buyer behind the couple of million share plus days in the recent past had/has a plan, and that plan includes using those shares in some way to manipulate the stock price, at current volumes, those shares purchased will last a very long time. No 5% holder needed. Just now, after inching up all day, a 10k share sell knocked the bid all the way back down to .5088. It can be very demoralizing to sit and watch that kind of activity (and another reason why sitting and watching daily stock price fluctuations if a bad thing for an investor to so), and I believe that is likely the point. I still agree with your earlier post that all-in-all, the effort will prove futile and be a money loser (unless of course a buyout at a reduced price is the goal).
Good thoughts Tab. It's no coincidence that the Fuddites are back in full force just as the holiday season begins to kick off. You can't guarantee when you connect the dots that you get the correct picture, but enough of a pattern emerges to convince me that everything happing here and now is intentional and related.
09,124,764 - 2013 - PS3/X360/WiiU
14,261,878 - 2014 - PS3/X360/WiiU/PS4/XONE
15.5 million PS4/XONE consoles sold since 11/2013 release.
The macro trend is in place. Can MCZ capitalize?
The Japanese are supposedly the largest consumers of "racing sim", and likely the best market for the $399 racing wheel. Hopefully MCZ will be able to move some product at the upcoming Tokyo show. The 2013 show had 270,197 in attendees.
Thanks. That agreement to some degree discourages a takeover, as the acquirer would be on the hook for an additional $2 million or so in salaries should it wish to terminate the employment contracts. That's equivalent to 3 cents/share that common shareholders would never see.
The distinction between the micro and the regular version is not clear to me from reading the website. Is it a size/weight difference?
I'm just pointing out what the man said. Whether you believe the rationale or not is up to you.
During the last cc DR stated that the market for headsets was primarily at the low priced end at the beginning of a new console cycle, with a shift toward more expensive models as the cycle matures. I wasn't around at the start of the last cycle to have an opinion regarding that one way or the other. I'm guessing the current line up has decent margins, the question is if the volume will be there.
and that appears to be partially true. The "Kama Stereo Headset for Android, iPhone®, PC, Xbox One by Tritton" is listed on the website, but is "Currently unavailable online". Whatever GameStop's allotment was, they sold out quickly. The Kama for PS4/PS Vita and Universal Kunai for Virtually everything except Xbox One are the only two Tritton models listed as currently being in stock. The Kama (PS4) is #3 out of 708 in All Headsets. The Universal Kunai is #9. Mad Catz appears to have sharply streamlined their headset offerings going into the holiday season/new product cycle. From an inventory management perspective that is a very good thing. The models they are going with so far appear to be doing well. Now you know the rest of the story. Goooooood Day!
I don't recall there ever being an "apple" platform. There is a "Mac" platform, and under the "Mobile/Tablet" platform there are devices for the iOS as well as for Android, but no "Apple".
The strike price should have been much higher than the current price. And I think awarding in-the-money options might be illegal.
That's always a possibility. As is the "let's walk the price down and hold it there for several months so that when the buyout offer comes it's at a 25% premium to the average daily share price for the last three months." The opportunities for shenanigans are many in the micros.
Especially given the destruction of share holder equity that has occurred here since 2005. I'll confess to not understanding much about how corporate governance works. Who hired the current crew, and how do they stay in power? They certainly don't own a large percentage of shares as a group. The company seems to operate more as an ATM for the BOD and management than it does as a growth investment for the shareholders.
I know what the strike price is. I posted it in the title. What do you mean by "under water"?
some 1.5 million shares worth which equates to a 2.3% dilution. I really don't trust these b**t**ds any further than I can throw them.
I don't have much confidence that another "Rock Band" ish game would work on any platform, but can lightning strike twice? What I do have confidence in is that more and more developers are thinking mobile.
I share your point of view here Tab. If, via aggressive selling, "they" continue to attempt to walk the price down, I say let them. Every share they sell at an artificially low price is a share they'll eventually lose money on. The lower they sell it, the more they'll lose. Like you, I also think they'll be unsuccessful in their attempt to shake lose any meaningful volume of shares, and ultimately, the share price will bounce back, in explosively fashion, to its pre-manipulated price, and hand them a sizeable loss for their efforts. Of course, attempted manipulation as a cause for the recent 20% decline is pure conjecture on my part, but fundamentally, nothing has changed over that time to merit such a decline. In fact, guidance has explicitly stated not that the situation is worsening, but that better days are very close. This stock will make for an interesting case study once everything resolves itself, one way or the other.
You've heard the expression "don't shoot until you can see the whites of their eyes"? I'm locked and loaded, but I think they're bluffing.