That's all that's going' on.Dead period til Nov ER......so why not play tha swangs!
"Historical prices" tells tha tale......so,no whinin',girls :-)
I wouldn't either.I would also remind that "that guy" from Soda Stream coming onto the board seemed a key turnaround point in Mad Catz nailing product lines ,price points AND upping the quality of the products. That was key.
I wouldn't doubt that board member was key to focusing on the Rock Band franchise,either,and we'll see how the execution looks...but,with these other breakthroughs I mentioned,it seems MCZ is hittin' on all cylinders this past 12 months.
'zackly! A classic "under the radar" monster.It looks like a penny stock,has quacked for years like one,along with waddling like one forever...: then it must BE a penny stock(only): most glance at the shareprice and move on. The blessing and the curse.But,for those with open minds,a nice pile to be made next March/April!
INVE mgmt DIDN'T mislead regarding to Apple Pay.The only misleader WAS Matusow by his own confession. Not intentional misleading but misleading nonetheless(by over-exuberant suggestive utterances on Twitter(of which I have archived for my own amusement). Inve managenet rode that wave(with their offering....of which the timing was "curiously impeccable",and which one day we might even know the true story behind that wild few days: maybe :-)
The sp shouldn't go anywhere til the "quarters with the revenue" and not the "quarters w/the cash burn" show up.Earnings reports don't show the big picture to those only focused on a report w/a positive rev report. For those short-sighteds,there are no cyclical quarters in a business year.So,expecting a big revenue quarter in a period when a company is burning through resources prepping for the holidays(to get to a big quarter) is pure nonsense and shows a lack of the business and cash flow. And lack of that understanding is directly responsible for misguided and unreasonable expectations for ANY quarter and company.I say:study the company business,it's business' yearly and cyclical patterns and cycles and THEN post expecteds.
Otherwise,posts will be baseless nonsense. There's plenty of investors here that DON'T bother posting and sit quiet,waiting for that right,previously factored-in time to sell and are happy with where MCZ is at the moment...because they HAVE studied this company's yearly patterns and business cycles. Those are the ones(like the recent institutionals) who will make money here without whining about any daily shareprice position.
Easy call at $5.80:-)
Betcha didn't think you'd be calling it at this level 6months ago! (I know I wouldn't have...)
(As much) Cheers(as possible)...,
The same (no)price action was present last RB3 timeline,as is it is doing now.If you look at the historical prices of the last run,MCZ made its moves on material events(Nov.2010 & Feb.2011 earnings reports) and not anything else. If you see this,then you can see that investors get in and out on facts,not hopeful news: pragmatic investors. So,seeing this,I won't worry until Nov and Feb ERs. Most likely,the very same group that play Mad Catz have been doing it for a number of rounds.They know the drill.They won't post.They get in,wait,and get out at the obvious moments(like after the Feb ER: March or so).
That's my educated guess.
Don't know the timing of these things,but with the offering announced March 25th and the crowd of tutes buying in (recorded March 31)......I'm sure these two events affected one another (and the price action,thereby) as you mention...
All this action seems too curious to me.I feel Jason as an intelligent businessman,and I find his business "misses" as much too many to be just coincidental.Id not be surprised if he's run Identiv down for his OWN good interest in some way.
...from Game Watcher.Starts out with this:
"Mad Catz is a company with a strange history – while they were once the creators of a vast number of schlocky third-party controllers for consoles, the last decade or so has been incredibly kind to them, with the company reinventing itself as a high-end hardware manufacturer across the board, from flight simulation gear to arcade sticks and, of course, top-end PC peripherals."
Agree w/a lot o that.It feels,now that Identiv has somewhat lost its mysterious luster,it'll be harder to return to $20 unless a really big SOLID piece of news comes out that reeks of short &medium term revs.Disney,Cisco,VZ,etc are fantastic coups but the companies are big partnerships and will take their time to show at the bottom line,as Jason mentioned. The unusual spike to $21 got a lotta short-termers in for a quick buck and when it didn't pan out(and mant got burned)...Identiv started downhill in regards to PERCEPTION. And,the expectations got a LOTmore realistic and aligned to what the biz plan originally was.I got in before the Apple hype and because of the smart turnaround and tightening of the ops....(not to mention the dynamic security/credentialling sector). A lotta people would be a lot happier if the SA article was the only "lead",IMO.
You're prolly fast-tracking a subpoena,Kevin. If I were you,I'd start looking into retaining legal counsel.
I agree.However,I wouldn't be surprised if we see a class-action if the board doesn't act seriously on behalf of shareholders(as Callan so succinctly puts it)!
Personally,I think this is a good thing for shareholders "IF" this straightens out Jason's independent/screw-shareholder mentality. But,it still would seem that Callan's point ALL are valid: be acquired in order to grow. I can't see why Cisco wouldn't snap up Identiv and their cash and IP. That way,they have the last piece of their security credentialling handled in-house.