I called the 1-800 number on the Mad Catz website under "contact us" and told them I was a shareholder and would like to talk to Darren Richardson. The gentleman that answered gave me the above number.
I called but the CEO was not in the office yet. The gentleman that answered will put you through to voicemail if you wish.
At least the buyers of the 41 cent shares did not get the chance to short the stock ahead of time.
With the $3.3million and net cash collected during Q4, the company will be roughly debt free.
With 3mil shares changing hands today, I would think the bottom is in this neighborhood.
So, with 15% dilution, IF/WHEN RB4 and CAPCOM deals "hit", the stock maxes out at $2.50 instead of $3.
I'm not going to sue anyone, just not my style. Never have, never will. Just ticked off beyond belief so felt the need to vent.
But man o man, when you think about what was said in the two most recent conf calls regarding the shelf.....
My opinion......It was stated point blank in the last two conf calls that they would not use the shelf at this time. Yes, they were probably careful enough with their words to avoid jail time, but not by much. If you listen to the calls, it was crystal clear that they would not use the shelf at this time and at this price. Crystal clear. RB4 deal did not come about in a few hours, it likely took weeks or months to negotiate. CEO/CFO knew RB4 might be coming at the time of the most recent cc....in my opinion.
Ding ding ding....We have a winner! All we have to do to win a lawsuit is play the cc tape from the last two. And look at the calendar of when those cc's happened and what was said at the Roth. Pathetic.
This is all just my opinion from the Roth.....When DR said this will be the most significant event in the history of the company "for the shareholders", I assumed he meant in a good way. Clearly he meant the opposite. Pathetic.
They dilute 15% for peanuts, only $3.7million. The price is 25% below market price.
If they needed $3.7mil, why not simply walk into a bank and borrow it? Why not call a couple large shareholders to loan it to them? Why not at least pump up the stock to 70 or 80 cents and then sell the offering at 60?
Why didn't the CEO or CFO simply loan the company the money? Why not pass the hat to the BOD? So many better options.
Half the people on this message board would have loaned them the money at 4 or 5%.
Wow, I really nailed down last place! Had I tried to do that rotten, no chance I would have. Scary. Makes one question one's stock picking. Thank heavens in real life there is not an expiration date or end date.
Good contest, hope to do it again.
You're right. I must be getting old, I keep forgetting whose FY ends when. Too many companies to keep track of....
Saying nothing is also the basis for plenty of lawsuits. Point is, safe harbor protects the company. As long as a company makes statements in good faith, no issues, no worries. They need to provide guidance.....or state why they cannot, that would also likely be helpful to my understanding of the business.
Pretty amazing opportunity for anyone who wants to accumulate a big position in HTCH stock. Going from 3.75 to 2.80 is a 25% drop. No news, no anything...yet someone wants out. HDD susp ships keep marching higher and higher on a year over year basis, OIS win announcements likely within 2 or 3 months, OIS ships start to contribute meaningful revenue within less than a year. And all the experts say "the street" is so smart that it looks forward at least 6 months. Maybe that is true with the 3Ms and Pepsi's of the world, certainly not true with tiny cap stocks. In fact, it seems the opposite is usually the case with the little companies...they get rewarded once the results are behind them. Odd world in which we live.
Buy'em and Hold'em! Cheers.
provide some sort of FY16 revenue and earnings guidance when they report Q4 in early May. The guidance needs to have a bit of meat to it and not just a fluffy statement. Even if they need to provide a very wide range, that would be fine. Maybe they will say something like....We expect FY16 to show 25 - 50% revenue growth over FY15 and generate significant positive EPS. Q1/2 will show modest growth over the year ago quarters and Q3/4 will come in significantly above year ago.
Guidance is important since it tells the investment community that they really do have a grasp on the business.