"This financing and the changes to our board position us well as we continue to pursue strategic alternatives to maximize shareholder value," said Jesse Sutton, Chief Executive Officer of Majesco Entertainment.
Anyone believe Jesse ever has the COMMON shareholder in mind? Nope.
I'm surprised that if he had any success shorting, why not just keep it up? It's obvious this is going down, why bother pumping and gambling on pops? Oh yeah, because he is a low level penny trader.
Looks like he went long at the wrong time. Couldn't have happened to a better guy. Hope he holds through earnings.
Anyone know? Online, all I can find is "Q4 2014" for a release date. There aren't many days left in this quarter and no announcement has been made. If Midnight City is shutting down, the employees may be dragging their feet to extend a paycheck or two before being shown the door. Just my guess as to what's going on.
2012 was a baller beats Christmas and 2013 was Zumba sales so bad that they dropped the license. Wonder how bad this holiday will be. But I'm sure the German will pump it all the way into yet another disastrous earnings.
It is grim to say the least. Over at VGChartz, they aren't tracking US numbers for some reason, but they are tracking UK, Germany and France for XBox One and PS4. The following numbers are totals for those three areas for ALL 6 weeks it has been released:
Total: 5,504 Units in 6 weeks.
Total: 8313 Unite is 6 weeks.
So total for both consoles in those countries: 13,817 units sold in the UK, Germany and France in 6 weeks of being released.
That's bad. And these numbers include the Black Friday week of sales.
So Shadow Warrior is a bust.
I can't speak to that based on this SEC filing. All it tells me is they are diluting the shareholders by giving themselves free money. If anything, it may hint that the only way they can get money for themselves, from the company, is through stock instead of revenue.
Nothing is definite until it happens but laying off Casey Lynch, the head of it, is a pretty telling sign. Also, Midnight City's socially has been MIA since early November. There has not been a tweet since Nov 10th or a Facebook post from them since just before Halloween. They used to post all of the time.
So no head of operations, no social talk and news that Majesco is downsizing tells me they are done or at least on their way out. They still have to release Gone Home on a couple of platforms so they probably have to keep their doors open for that since they are distributing it for someone. After they finish what they are currently finishing, I think it's over.
So no, not definite because it hasn't publicly happened, but probably more so than saying they are about to hire more people and make tons of money.
Before I click on the ignore button again....
Your quote is a lie. I've never written that. Prove it. You can't, never mind. Another pathetic attempt to smear someone with false information. But that's your tactic, right? When things don't go your way, you name call and badger people with insults and lies. Meanwhile, you continue to be gleefully unaware that Majesco is in the dumps. They have no meaningful games in 2015, they have no gambling, they are shutting down Midnight City, they have a "going concern" about staying in business. But that's all PERFECT for you because on the balance sheet they don't have debt. Good for you, you can pull the wool over your own eyes. Super.
You've been nothing but an attempted bully on this board for years and post nothing but half truths, outright lies and predictions that have not once come true. You are joke on this board. You and all of your multiple IDs that you use to give yourselves a thumbs up after you pat yourself on the back for posting another garbage post here are a joke on this board.
But carry on, you deranged German. It won't be too much longer until there is no stock to pump. I would say I fear that you'd have nothing to do after that but I rest easy knowing that maybe you'll come out of your mom's bunker and see that there is more to life than what you think you are doing all day. Until that day comes, keep losing money in this now shell of a company. May your losses be as large as the space in your head.
And now back on ignore you go. Buh bye.
Management just filed this with the SEC. It states that they are going to dilute the float a good bit so employees and management can have some shares. They have about 60 employees left. And they are issuing $295,714 worth of stock... I'm guessing it is not distributed evenly per employee so basically this is management giving themselves a bonus as the stock continues to plummet. Way to go Sutton and company!!!:
"Amount to be registered consists of 428,571 additional shares that may be issued pursuant to, or pursuant to awards granted under, the Majesco Entertainment Company Amended and Restated 2004 Employee, Director and Consultant Incentive Plan (the “Plan”). Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this registration statement also covers an indeterminate number of shares of common stock that may be offered or sold as a result of any adjustments by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration that increases the number of shares of the company’s common stock outstanding. "