Ein verdammt heißes Eisen namens COOL - 500 Beiträge pro Seite
eröffnet am 14.07.05 07:51:26 von
neuester Beitrag 08.11.05 12:49:44 von
neuester Beitrag 08.11.05 12:49:44 von
Beiträge: 75
ID: 993.177
ID: 993.177
Aufrufe heute: 0
Gesamt: 2.151
Gesamt: 2.151
Aktive User: 0
ISIN: US7310942070 · WKN: A3DLAY · Symbol: RGTPQ
0,0300
USD
-57,08 %
-0,0399 USD
Letzter Kurs 09.05.24 Nasdaq OTC
Werte aus der Branche Gesundheitswesen
Wertpapier | Kurs | Perf. % |
---|---|---|
1,2200 | +44,38 | |
4,5800 | +30,11 | |
4,3900 | +21,27 | |
11,880 | +19,01 | |
0,6510 | +18,88 |
Wertpapier | Kurs | Perf. % |
---|---|---|
4,5400 | -14,34 | |
2,0000 | -14,89 | |
24,010 | -26,12 | |
2,0500 | -28,32 | |
2,4100 | -51,51 |
Hab gestern bei 3,35 $ zugegriffen.
Sicher, bei den gemeldeten Zahlen war der Kurseinbruch gerechtfertigt. Ich weiss auch, dass solche Einbrüche mehrere Tage dauern können.
Mein Bauch hat trotzdem EINSTEIGEN geschrieen..
Da hab ich mal wieder nachgegeben.
Das soll keine Kaufempfehlung sein. Andererseits; COOL ist HOT.
Spin
Sicher, bei den gemeldeten Zahlen war der Kurseinbruch gerechtfertigt. Ich weiss auch, dass solche Einbrüche mehrere Tage dauern können.
Mein Bauch hat trotzdem EINSTEIGEN geschrieen..
Da hab ich mal wieder nachgegeben.
Das soll keine Kaufempfehlung sein. Andererseits; COOL ist HOT.
Spin
Majesco Entertainment Reduces Fiscal 2005 Financial Outlook
Tuesday July 12, 4:10 pm ET
EDISON, N.J., July 12 /PRNewswire-FirstCall/ -- Majesco Entertainment Company (Nasdaq: COOL - News), today announced it is revising annual guidance for its fiscal year ending October 31, 2005, reflecting reduced net revenues and operating results.
The Company`s previously stated expectations were for net revenues of $175 to $185 million and operating income of $16 to $18 million with at least 50 percent of the net revenues occurring in the fourth fiscal quarter. The Company now anticipates net revenues for fiscal 2005 to be between $120 million and $125 million and an operating loss of $16 million to $19 million. Included in the expected operating loss are: write-downs of receivables as a result of a recent bankruptcy of one of the Company`s customers; provisions for impairments of capitalized costs and severance costs; as well as increased allowances for price protection which will be recorded as a reduction of revenues. The Company anticipates that these items will total approximately $12 million and be included in the fiscal third quarter.
As a result of the factors described above, the Company expects net revenues for the current quarter ending July 31, 2005 to be in the range of $5 million to $10 million, net of the aforementioned increased provision for allowances for price protection, and an operating loss between $19 million to $22 million.
The lower expectations are attributable to the following factors:
* Substantially weaker than expected sales across all of the Company`s
product lines
* The movement of one of its key movie-based video game titles out of the
fiscal year in order to better coincide with the related theatrical
release
* Recent feedback concerning inventory levels indicates lower than
expected initial orders for many of the Company`s products, and soft
reorders for the remainder of the year
* An exceptionally slow summer season exacerbated by an earlier than
expected impact of the upcoming video game platform transition
"We are disappointed in our anticipated results for the year. Our weaker than expected sales and recent discussions with industry partners have led us to conclude that it is prudent to adjust our guidance," said Jesse Sutton, President. "Despite the difficult retail environment we are experiencing, we plan to exploit the growing market for video game products and remain focused on producing high-quality games and other digital entertainment products."
About Majesco Entertainment Company
Headquartered in Edison, NJ, Majesco Entertainment Company (Nasdaq: COOL - News) is an innovative provider of digital entertainment products and content. More information about the Company can be found online at http://www.majescoentertainment.com.
Tuesday July 12, 4:10 pm ET
EDISON, N.J., July 12 /PRNewswire-FirstCall/ -- Majesco Entertainment Company (Nasdaq: COOL - News), today announced it is revising annual guidance for its fiscal year ending October 31, 2005, reflecting reduced net revenues and operating results.
The Company`s previously stated expectations were for net revenues of $175 to $185 million and operating income of $16 to $18 million with at least 50 percent of the net revenues occurring in the fourth fiscal quarter. The Company now anticipates net revenues for fiscal 2005 to be between $120 million and $125 million and an operating loss of $16 million to $19 million. Included in the expected operating loss are: write-downs of receivables as a result of a recent bankruptcy of one of the Company`s customers; provisions for impairments of capitalized costs and severance costs; as well as increased allowances for price protection which will be recorded as a reduction of revenues. The Company anticipates that these items will total approximately $12 million and be included in the fiscal third quarter.
As a result of the factors described above, the Company expects net revenues for the current quarter ending July 31, 2005 to be in the range of $5 million to $10 million, net of the aforementioned increased provision for allowances for price protection, and an operating loss between $19 million to $22 million.
The lower expectations are attributable to the following factors:
* Substantially weaker than expected sales across all of the Company`s
product lines
* The movement of one of its key movie-based video game titles out of the
fiscal year in order to better coincide with the related theatrical
release
* Recent feedback concerning inventory levels indicates lower than
expected initial orders for many of the Company`s products, and soft
reorders for the remainder of the year
* An exceptionally slow summer season exacerbated by an earlier than
expected impact of the upcoming video game platform transition
"We are disappointed in our anticipated results for the year. Our weaker than expected sales and recent discussions with industry partners have led us to conclude that it is prudent to adjust our guidance," said Jesse Sutton, President. "Despite the difficult retail environment we are experiencing, we plan to exploit the growing market for video game products and remain focused on producing high-quality games and other digital entertainment products."
About Majesco Entertainment Company
Headquartered in Edison, NJ, Majesco Entertainment Company (Nasdaq: COOL - News) is an innovative provider of digital entertainment products and content. More information about the Company can be found online at http://www.majescoentertainment.com.
moin spin
yep
is watching wert
aber
schau dir ARBX an
und tu se auf WL
bodenfindung kann dauern
bei 3,35 kannste erstmal relaxed bleiben
gruss
yep
is watching wert
aber
schau dir ARBX an
und tu se auf WL
bodenfindung kann dauern
bei 3,35 kannste erstmal relaxed bleiben
gruss
Hi zen
ARBX ist auf der watch.
Gefällt mir fast besser als COOL.
Danke für den Tipp.
Spin
ARBX ist auf der watch.
Gefällt mir fast besser als COOL.
Danke für den Tipp.
Spin
Thursday, July 14, 2005
3.56 US Dollar = 2.94531 Euro
3.56 US Dollar = 2.94531 Euro
Upppps!
Vorbörslich schon 4,15$.
Damit bin ich schon zufrieden.
Das wären 24 %. Nicht übel für eine Übernachtung. damit kann ich meine ProDv zurückkaufen.
Spin
Vorbörslich schon 4,15$.
Damit bin ich schon zufrieden.
Das wären 24 %. Nicht übel für eine Übernachtung. damit kann ich meine ProDv zurückkaufen.
Spin
RT nyse grad 3,84
spin hat wohl verkauft
ich tipp auf fallend
die nächsten tage
ich tipp auf fallend
die nächsten tage
Nee.
Spin hat nicht verkauft.
Spin schwitzt noch.
Spin
Spin hat nicht verkauft.
Spin schwitzt noch.
Spin
Mal sehen, ob die die Kurve kriegen.
Denke, der neue CEO wird erstmal aufräumen.
Hier brennt nichts an.
Denke, der neue CEO wird erstmal aufräumen.
Hier brennt nichts an.
Na klar, gibt es was Fundamentales:
Die letzte Gewinnwarnung ist ja wirklich sehr sehr übel.
Das Mgmt ist absolut fürchterlich bis kriminell.
Das musste wirklich ganz schnell weg.
Noch vor ein paar Monaten haben die eine KE über 42 m gemacht. Das ist auf diesem Niveau natürlich interessant.
Kurs/Buchwert bei 1, KUV bei 0,6. Wenn die jetzt schön aufräumen, sollte es eine schönen TA geben.
http://finance.yahoo.com/q/ks?s=COOL
Quartalsbericht:
http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp…
Der Wert kommt auf meine Watchliste.
Die letzte Gewinnwarnung ist ja wirklich sehr sehr übel.
Das Mgmt ist absolut fürchterlich bis kriminell.
Das musste wirklich ganz schnell weg.
Noch vor ein paar Monaten haben die eine KE über 42 m gemacht. Das ist auf diesem Niveau natürlich interessant.
Kurs/Buchwert bei 1, KUV bei 0,6. Wenn die jetzt schön aufräumen, sollte es eine schönen TA geben.
http://finance.yahoo.com/q/ks?s=COOL
Quartalsbericht:
http://yahoo.brand.edgar-online.com/doctrans/finSys_main.asp…
Der Wert kommt auf meine Watchliste.
Heute neues ATL.
Bei 2,50 wird es interessant.
Hat sonst niemand bei WO den Wert auf der Watchlist?
Bei 2,50 wird es interessant.
Hat sonst niemand bei WO den Wert auf der Watchlist?
yooo, wie kommst du eigentlich auf 2,50?
gruß humanist
gruß humanist
nachdem das management abgedankt hat, sollte man glaube ich noch auf einige schlechte news (die vorher nicht herausgekommen sind) warten, optimal wäre nochmal ein kleiner shake out mit minus 30 bis 50 prozent
Bei 2,50 wäre der Kurs auf Höhe des Buchwertes. Könnte natürlich noch tiefer gehen.
Der neue CFO hat schon ein wenig aufgeräumt. Ich finde die neuen Prognose von 125 m Umsatz für 04/05 immer noch sehr ambitioniert. Ich befürchte, dass nochmals gewarnt werden könnte.
Die Bestellung eines neuen CEO wird dem Kurs kurzfristig helfen. Falls sie jemanden finden!
Momentan ist mir COOL noch zu riskant. Werde die Entwicklung in den nächsten Wochen abwarten.
Nochmals -50% kann ich mir nicht vorstellen. Bei COOL wurde doch schon stark herausgeschüttelt.
Der neue CFO hat schon ein wenig aufgeräumt. Ich finde die neuen Prognose von 125 m Umsatz für 04/05 immer noch sehr ambitioniert. Ich befürchte, dass nochmals gewarnt werden könnte.
Die Bestellung eines neuen CEO wird dem Kurs kurzfristig helfen. Falls sie jemanden finden!
Momentan ist mir COOL noch zu riskant. Werde die Entwicklung in den nächsten Wochen abwarten.
Nochmals -50% kann ich mir nicht vorstellen. Bei COOL wurde doch schon stark herausgeschüttelt.
Es sieht ganz danach aus, dass bei 2,55 ein Boden gebildet wird. Ich bin mit einer ersten Position vor den Zahlen dabei.
Sehr positiv ist, dass Majesco mit THQ einen großen Publisher für Europa gefunden hat.
Institutionelle sind weiter am abgeben und würgen noch jeden Anstieg ab.
Sehr positiv ist, dass Majesco mit THQ einen großen Publisher für Europa gefunden hat.
Institutionelle sind weiter am abgeben und würgen noch jeden Anstieg ab.
woher hast du das mit den institutionellen und deren verkäufe
auf nasdaq.com kann ich nichts sehen,
ich warte noch
gruß humanist
auf nasdaq.com kann ich nichts sehen,
ich warte noch
gruß humanist
Siehe I-Watch:
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_tic…
Seit fast 2 Monaten gab es ausschließlich sell messages.
Gestern gab es nach langer Zeit mal wieder Kaufabsichten.
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_tic…
Seit fast 2 Monaten gab es ausschließlich sell messages.
Gestern gab es nach langer Zeit mal wieder Kaufabsichten.
danke, aber kenn ich schon und halte das für etwas ungenau, die registrieren zwar blocktrades aber können nicht mit bestimmtheit sagen, ob sie tatsächlich von institutionellen kommen, ist aber ne gute näherung,
laut http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=II… hat sich netto nicht so viel geändert
gruß
humanist
laut http://www.nasdaq.com/asp/holdings.asp?mode=&kind=&symbol=II… hat sich netto nicht so viel geändert
gruß
humanist
Die Daten von der NASDAQ sind leider noch vom 30.6.. Also noch vor der Ergebniswarnung.
Bei Majesco haben inzwischen viele Institutionelle viel Geld verloren. Und so eine Loser-Aktie wie Majesco macht sich gar nicht gut in den Büchern. Schätze, dass bis zum 30.9. viele die Aktie nicht mehr in den Depots stehen haben wollen und vorher bereinigen. Von dieser Seite sehe ich also eher noch Druck bis Ende September.
Seit fast 2 Monaten nur Verkäufe bei I-Watch! So etwas habe ich vorher noch nicht gesehen. Also ich finde das sehr eindeutig. Bezeichnend ist auch, dass Tage mit hohem Volumen zum Ausstieg genutzt werden wie z.B. bei Bekanntgabe des THQ-Deals.
Bei Majesco haben inzwischen viele Institutionelle viel Geld verloren. Und so eine Loser-Aktie wie Majesco macht sich gar nicht gut in den Büchern. Schätze, dass bis zum 30.9. viele die Aktie nicht mehr in den Depots stehen haben wollen und vorher bereinigen. Von dieser Seite sehe ich also eher noch Druck bis Ende September.
Seit fast 2 Monaten nur Verkäufe bei I-Watch! So etwas habe ich vorher noch nicht gesehen. Also ich finde das sehr eindeutig. Bezeichnend ist auch, dass Tage mit hohem Volumen zum Ausstieg genutzt werden wie z.B. bei Bekanntgabe des THQ-Deals.
danke für den hinweis, muss ich nächstes mal etwas genauer hinschauen
und wir schaun einfach mal was passiert
bis die tage
humanist, der noch wartet
und wir schaun einfach mal was passiert
bis die tage
humanist, der noch wartet
aktuell wieder neues atl
http://www.thestreet.com/_yahoo/stocks/troywolverton/1024097…
And as predictable -- some might say boring -- as the game industry has become, the formula has been working. Game sales and company profits have grown with each new successive generation of consoles and are expected to grow again with the new console coming to the market.
But not everyone has shared in that growth. Indeed, as development costs have jumped with each generation, a growing number of companies have been unable to compete. In the past several years, 3DO and Acclaim both closed shop and Eidos` assets were sold to a rival. Atari (ATAR:Nasdaq - commentary - research - Cramer`s Take), Midway Games (MWY:NYSE - commentary - research - Cramer`s Take) and Majesco (COOL:Nasdaq - commentary - research - Cramer`s Take) all look like they could suffer similar fates.
hmmmm.... vielleicht warte ich ewig
http://www.thestreet.com/_yahoo/stocks/troywolverton/1024097…
And as predictable -- some might say boring -- as the game industry has become, the formula has been working. Game sales and company profits have grown with each new successive generation of consoles and are expected to grow again with the new console coming to the market.
But not everyone has shared in that growth. Indeed, as development costs have jumped with each generation, a growing number of companies have been unable to compete. In the past several years, 3DO and Acclaim both closed shop and Eidos` assets were sold to a rival. Atari (ATAR:Nasdaq - commentary - research - Cramer`s Take), Midway Games (MWY:NYSE - commentary - research - Cramer`s Take) and Majesco (COOL:Nasdaq - commentary - research - Cramer`s Take) all look like they could suffer similar fates.
hmmmm.... vielleicht warte ich ewig
am 12.9. ist übrigens cc
gruß humanist
gruß humanist
Sieht nicht so gut aus. Der Boden bei 2,55 scheint nicht zu halten. Das macht so kurz vor dem CC kein guten Eindruck. Ich befürchte, dass die Prognosen nochmals nach unten genommen werden könnten.
Möglich wäre aber auch ein buy on bad news.
Möglich wäre aber auch ein buy on bad news.
dem chart nach könnts genausogut bis 2 runter gehn
nachbörslich geht`s runter
Majesco Entertainment Company Reports Third Quarter 2005 Financial Results
Monday September 12, 4:10 pm ET
EDISON, N.J., Sept. 12 /PRNewswire-FirstCall/ -- Majesco Entertainment Company (Nasdaq: COOL - News), today announced results for its third quarter and nine months ended July 31, 2005.
ADVERTISEMENT
The Company reported third quarter net revenues of $4.6 million, compared to $34.0 million for the same period in 2004. The decrease is reflective of weak sales of the Company`s products compared to the strong sales around the introduction of its Game Boy Advance Video product in the prior year quarter. In addition, net revenues for the 2005 quarter were impacted by increased provisions for price protection, changes in market conditions, and soft demand for the Company`s products.
The operating loss was $38.6 for the 2005 quarter, versus operating income of $3.1 million for the same period last year. The decrease in operating income is attributable to the weaker than expected sales of the Company`s premium game releases as well as its other products. As a result the Company was unable to recoup development and marketing costs related to the premium games. The loss also includes provisions for impairment of capitalized software costs, severance costs and a loss on a proposed settlement.
For the quarter, the Company generated a net loss of $37.5 million, or $1.69 per share, compared to net income of $20.5 million, or $1.06 per share for the third quarter of last year.
For the nine-month period ended July 31, 2005, the Company reported net revenues of $55.1 million, down from the $75.6 million reported in the same period during 2004. The operating loss was $35.8 million versus an operating income of $6.5 million in the comparable 2004 period. Net loss for the 2005 nine-month period was $37.8 million or $1.87 per share, compared to net loss of $29.0 million or $3.98 per share for the same period of last year.
As of July 31, 2005, the Company had $10.3 million in cash and cash equivalents. To satisfy its liquidity needs, the Company factors its receivables, and utilizes purchase order financing to provide funding for the manufacture of its products. Recently, the factor imposed a limitation of $7.5 million on cash advances, and a maximum of $2.0 million for letters of credit. Previously, the Company availability was $30.0 to $35.0 million in the aggregate. Management is negotiating with the factor to increase the level of availability and is also in the process of evaluating alternatives to its current factoring arrangement.
Although management believes it will be successful in either increasing the availability from its current factor or obtaining alternative financing, there can be no assurance that it will be successful in these efforts, or at terms acceptable to the Company. Failure to obtain such financing or obtaining it with unfavorable terms could have an adverse effect on future operating prospects and continued growth.
Jesse Sutton, Majesco`s President, said, "The lower than expected sales of some of our key products combined with the effects of the upcoming console transition and overall industry softness have made this a very challenging year."
Sutton continued, "As a result of our disappointing results, we are re- evaluating our business model. In the meantime, we will maintain our focus on digital entertainment with an emphasis on video games. Our value product line will remain a core part of our business and we will selectively publish frontline titles. Additionally, our strategy includes pursuing low-risk opportunities in the mobile and online markets with our existing intellectual properties as well as new products."
Outlook
Majesco is updating its fiscal 2005 guidance primarily to reflect the timing shift of its release of JAWS(TM) Unleashed and Infected to the first quarter of fiscal 2006 to provide additional development time for those titles. The Company also indicated that the launch of its feature films for the GBA in the first quarter of fiscal 2006. For fiscal 2005, management expects net revenues of $60.0 to $65.0 million and an operating loss of approximately $40.0 to $45.0 million.
Key Upcoming Products
* Teen Titans(TM), developed by Artificial Mind & Movement (A2M), the
exciting superhero action adventure licensed by Warner Bros. Interactive
Entertainment, is scheduled for release later this year on Game Boy®
Advance and in fiscal 2006 for play on the Xbox® video game system
from Microsoft, PlayStation® 2 computer entertainment system, and
Nintendo GameCube(TM). Teen Titans is based on DC Comics characters and
is an animated series airing on Cartoon Network and Kids` WB.
* Infected, a thrilling new run-and-gun shooter that allows players`
avatars to invade opponents` PSP(TM) (PlayStation ®Portable) systems
via multi-player victories is scheduled to ship for the 2005 holiday
season and is the first release in an exclusive three-game PSP deal
between Majesco and Planet Moon Studios.
* Aeon Flux, scheduled to coincide with the theatrical release starring
Oscar®-winning actress Charlize Theron as Aeon Flux, is based on Peter
Chung`s popular futuristic MTV animated series and features a
palpitating blend of stealth, speed and acrobatic combat.
* JAWS(TM) Unleashed, based on one of the most enduring action-suspense
films of all time, is being developed by Appaloosa Interactive. The
game features an innovative twist where players assume the role of the
Great White Shark. JAWS Unleashed is planned for release early 2006 for
PlayStation® 2, Xbox® and PC.
Conference Call
At 5:00 PM EST (2:00 PM PST) today, management will host a conference call to review the results.
To listen to the call, please dial 800-510-0219, approximately five minutes prior to the start of the call. International participants can access the call by dialing 617-614-3451. For those who cannot listen to the live conference call, a replay will be available until midnight on September 15, 2005. The access number for the replay is 888-286-8010 for U.S. participants and 617-801-6888 for international participants. The conference identification code is 48065584.
Additionally, the call will be web cast and can be accessed at Majesco`s website at http://www.majescoentertainment.com.
About Majesco Entertainment Company
Headquartered in Edison, NJ, Majesco Entertainment Company (Nasdaq: COOL - News) is an innovative provider of digital entertainment products and content. The Company`s diverse product lineup includes forthcoming video games such as Aeon Flux(TM), JAWS(TM) Unleashed and Infected(TM) for the PSP(TM) (PlayStation®Portable), as well as digital entertainment products like Frogger® TV Arcade. Utilizing its proprietary video compression technology, Majesco plans to offer Game Boy® Advance Video versions of the beloved DreamWorks Animation movies Shrek, Shrek 2 and Shark Tale. More information about Majesco can be found online at http://www.majescoentertainment.com.
Safe Harbor
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward- looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company`s actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; timely development and release of our products; the ability to secure licenses to valuable entertainment properties on favorable terms; continued consumer acceptance of the gaming platforms on which our products operate and our products; competitive factors in the businesses in which we compete; fulfillment of orders preliminarily made by customers; the ability to attract and retain key personnel; adverse changes in the securities markets; and the availability of and costs associated with sources of liquidity. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward- looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
"Frogger" is a registered trademark of KONAMI CORPORATION. ©1981 2005 KONAMI. JAWS is a registered trademark and copyright of Universal Studios Licensing LLLP. All Rights Reserved. Developed by Appaloosa Interactive. "Frogger" is a registered trademark of KONAMI CORPORATION. ©1981 2005 KONAMI © 2005 Paramount Pictures, a division of Viacom International Inc. All Rights Reserved. "AEON FLUX" and all related titles and logos are trademarks of MTV Networks, a division of Viacom International Inc. Infected © 2005 Planet Moon Studios. All rights reserved.
Majesco Entertainment Company Reports Third Quarter 2005 Financial Results
Monday September 12, 4:10 pm ET
EDISON, N.J., Sept. 12 /PRNewswire-FirstCall/ -- Majesco Entertainment Company (Nasdaq: COOL - News), today announced results for its third quarter and nine months ended July 31, 2005.
ADVERTISEMENT
The Company reported third quarter net revenues of $4.6 million, compared to $34.0 million for the same period in 2004. The decrease is reflective of weak sales of the Company`s products compared to the strong sales around the introduction of its Game Boy Advance Video product in the prior year quarter. In addition, net revenues for the 2005 quarter were impacted by increased provisions for price protection, changes in market conditions, and soft demand for the Company`s products.
The operating loss was $38.6 for the 2005 quarter, versus operating income of $3.1 million for the same period last year. The decrease in operating income is attributable to the weaker than expected sales of the Company`s premium game releases as well as its other products. As a result the Company was unable to recoup development and marketing costs related to the premium games. The loss also includes provisions for impairment of capitalized software costs, severance costs and a loss on a proposed settlement.
For the quarter, the Company generated a net loss of $37.5 million, or $1.69 per share, compared to net income of $20.5 million, or $1.06 per share for the third quarter of last year.
For the nine-month period ended July 31, 2005, the Company reported net revenues of $55.1 million, down from the $75.6 million reported in the same period during 2004. The operating loss was $35.8 million versus an operating income of $6.5 million in the comparable 2004 period. Net loss for the 2005 nine-month period was $37.8 million or $1.87 per share, compared to net loss of $29.0 million or $3.98 per share for the same period of last year.
As of July 31, 2005, the Company had $10.3 million in cash and cash equivalents. To satisfy its liquidity needs, the Company factors its receivables, and utilizes purchase order financing to provide funding for the manufacture of its products. Recently, the factor imposed a limitation of $7.5 million on cash advances, and a maximum of $2.0 million for letters of credit. Previously, the Company availability was $30.0 to $35.0 million in the aggregate. Management is negotiating with the factor to increase the level of availability and is also in the process of evaluating alternatives to its current factoring arrangement.
Although management believes it will be successful in either increasing the availability from its current factor or obtaining alternative financing, there can be no assurance that it will be successful in these efforts, or at terms acceptable to the Company. Failure to obtain such financing or obtaining it with unfavorable terms could have an adverse effect on future operating prospects and continued growth.
Jesse Sutton, Majesco`s President, said, "The lower than expected sales of some of our key products combined with the effects of the upcoming console transition and overall industry softness have made this a very challenging year."
Sutton continued, "As a result of our disappointing results, we are re- evaluating our business model. In the meantime, we will maintain our focus on digital entertainment with an emphasis on video games. Our value product line will remain a core part of our business and we will selectively publish frontline titles. Additionally, our strategy includes pursuing low-risk opportunities in the mobile and online markets with our existing intellectual properties as well as new products."
Outlook
Majesco is updating its fiscal 2005 guidance primarily to reflect the timing shift of its release of JAWS(TM) Unleashed and Infected to the first quarter of fiscal 2006 to provide additional development time for those titles. The Company also indicated that the launch of its feature films for the GBA in the first quarter of fiscal 2006. For fiscal 2005, management expects net revenues of $60.0 to $65.0 million and an operating loss of approximately $40.0 to $45.0 million.
Key Upcoming Products
* Teen Titans(TM), developed by Artificial Mind & Movement (A2M), the
exciting superhero action adventure licensed by Warner Bros. Interactive
Entertainment, is scheduled for release later this year on Game Boy®
Advance and in fiscal 2006 for play on the Xbox® video game system
from Microsoft, PlayStation® 2 computer entertainment system, and
Nintendo GameCube(TM). Teen Titans is based on DC Comics characters and
is an animated series airing on Cartoon Network and Kids` WB.
* Infected, a thrilling new run-and-gun shooter that allows players`
avatars to invade opponents` PSP(TM) (PlayStation ®Portable) systems
via multi-player victories is scheduled to ship for the 2005 holiday
season and is the first release in an exclusive three-game PSP deal
between Majesco and Planet Moon Studios.
* Aeon Flux, scheduled to coincide with the theatrical release starring
Oscar®-winning actress Charlize Theron as Aeon Flux, is based on Peter
Chung`s popular futuristic MTV animated series and features a
palpitating blend of stealth, speed and acrobatic combat.
* JAWS(TM) Unleashed, based on one of the most enduring action-suspense
films of all time, is being developed by Appaloosa Interactive. The
game features an innovative twist where players assume the role of the
Great White Shark. JAWS Unleashed is planned for release early 2006 for
PlayStation® 2, Xbox® and PC.
Conference Call
At 5:00 PM EST (2:00 PM PST) today, management will host a conference call to review the results.
To listen to the call, please dial 800-510-0219, approximately five minutes prior to the start of the call. International participants can access the call by dialing 617-614-3451. For those who cannot listen to the live conference call, a replay will be available until midnight on September 15, 2005. The access number for the replay is 888-286-8010 for U.S. participants and 617-801-6888 for international participants. The conference identification code is 48065584.
Additionally, the call will be web cast and can be accessed at Majesco`s website at http://www.majescoentertainment.com.
About Majesco Entertainment Company
Headquartered in Edison, NJ, Majesco Entertainment Company (Nasdaq: COOL - News) is an innovative provider of digital entertainment products and content. The Company`s diverse product lineup includes forthcoming video games such as Aeon Flux(TM), JAWS(TM) Unleashed and Infected(TM) for the PSP(TM) (PlayStation®Portable), as well as digital entertainment products like Frogger® TV Arcade. Utilizing its proprietary video compression technology, Majesco plans to offer Game Boy® Advance Video versions of the beloved DreamWorks Animation movies Shrek, Shrek 2 and Shark Tale. More information about Majesco can be found online at http://www.majescoentertainment.com.
Safe Harbor
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by reference to a future period(s) or by the use of forward- looking terminology, such as "may," "will," "intend," "should," "expect," "anticipate," "estimate" or "continue" or the negatives thereof or other comparable terminology. The Company`s actual results could differ materially from those anticipated in such forward-looking statements due to a variety of factors. These factors include but are not limited to, the demand for our products; timely development and release of our products; the ability to secure licenses to valuable entertainment properties on favorable terms; continued consumer acceptance of the gaming platforms on which our products operate and our products; competitive factors in the businesses in which we compete; fulfillment of orders preliminarily made by customers; the ability to attract and retain key personnel; adverse changes in the securities markets; and the availability of and costs associated with sources of liquidity. The Company does not undertake, and specifically disclaims any obligation, to release publicly the results of any revisions that may be made to any forward- looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.
"Frogger" is a registered trademark of KONAMI CORPORATION. ©1981 2005 KONAMI. JAWS is a registered trademark and copyright of Universal Studios Licensing LLLP. All Rights Reserved. Developed by Appaloosa Interactive. "Frogger" is a registered trademark of KONAMI CORPORATION. ©1981 2005 KONAMI © 2005 Paramount Pictures, a division of Viacom International Inc. All Rights Reserved. "AEON FLUX" and all related titles and logos are trademarks of MTV Networks, a division of Viacom International Inc. Infected © 2005 Planet Moon Studios. All rights reserved.
sieht ja überhaupt nicht gut aus, aber ein kleiner zock morgen isses mir wert , nachbörslich aktuell minus 30 %
zu denken gibt dieser kleiner hinweis auf eine mögliche pleite
Although management believes it will be successful in either increasing the availability from its current factor or obtaining alternative financing, there can be no assurance that it will be successful in these efforts, or at terms acceptable to the Company. Failure to obtain such financing or obtaining it with unfavorable terms could have an adverse effect on future operating prospects and continued growth.
Although management believes it will be successful in either increasing the availability from its current factor or obtaining alternative financing, there can be no assurance that it will be successful in these efforts, or at terms acceptable to the Company. Failure to obtain such financing or obtaining it with unfavorable terms could have an adverse effect on future operating prospects and continued growth.
Der Laden wird jetzt total aufgeräumt. Wow! Die schreiben nochmal 30 bis 35 m ab.
Das laufende Quartal wird wegen der Verschiebungen nochmals schlecht. Das nächste Quartal könnte dann aber absolut spitze werden.
Kleiner Lichtblick ist, dass man immerhin noch 10m Cash hat. Und "nur" 6 m im Letzten verbraucht hat. Es würde mich wundern, wenn Majesco es nicht damit über die holiday season schafft.
Mal sehen wo sich der Kurs fängt. Denke, dass alles Schlechte jetzt raus ist.
Das laufende Quartal wird wegen der Verschiebungen nochmals schlecht. Das nächste Quartal könnte dann aber absolut spitze werden.
Kleiner Lichtblick ist, dass man immerhin noch 10m Cash hat. Und "nur" 6 m im Letzten verbraucht hat. Es würde mich wundern, wenn Majesco es nicht damit über die holiday season schafft.
Mal sehen wo sich der Kurs fängt. Denke, dass alles Schlechte jetzt raus ist.
sieht übel bei Majesco Entertainment Im 3.Quartal 05 ist der Umsatz auf 4,6Mio. USD regelrecht eingebrochen und der operative Verlust auf 38,6Mio. USD explodiert. Und das laufende Quartal wird lt. Ausblick nicht viel besser ausfallen. Zudem sind nur noch 10Mio. USD in der Kasse und das ist heutzutage das Budget eines ansprechenden XBOX-Games.
Denke mal da wird sich in naher Zukunft (leider) ein weiterer "kleiner" Game-Publisher verabschieden müssen.
Denke mal da wird sich in naher Zukunft (leider) ein weiterer "kleiner" Game-Publisher verabschieden müssen.
unglaublich aber wahr vorbörse 1,25$
Sep 13, 2005 (streetinsider.com via COMTEX) -- JMP Securities downgrades Majesco Entertainment (Nasdaq: COOL) from Market Perform to Underperform; $1 price target.
Das könnte ein guter Tag zum Traden werden.
Die Gegenreaktion fängt an zu laufen.
"Die Gegenreaktion fängt an zu laufen"
ich glaub, ich werd hier mal die finger `von lassen, ustrading hat schon recht, das ist ne weitere acclaim, pleite haben sie ja quasi schon angekündigt
grüßchen und allzeit einen guten zock
humanist
grüßchen und allzeit einen guten zock
humanist
Zwischen Akklaim und Majesco gibt es einen winzig kleinen Unterschied. Akklaim war extrem stark verschuldet. Majesco hat nur minimale Verbindlichkeiten.
haste ja recht surfer, aber verschuldet oder nicht, wenn die kohle nicht reicht geht`s gen süden, die einzige möglichkeit ist eine kapitalerhöhung und da wären die altaktionäre sicherlich die dummen, versteh mich nicht falsch, ich trau dem ding durchaus einen bounce zu, doch für mich stimmt hier einfach das chance-risiko-verhältnis nicht
gruß
humanist
gruß
humanist
Eine Insolvenz ist sicherlich nicht ganz auszuschließen. Ich halte das aber für unwahrscheinlich:
1. Majesco hat ab Nov. viele Releases in der Pipeline. Diese werden für Cash-Flow sorgen.
2. Man kann immer noch zur Not laufende Titel verkaufen.
3. Immerhin noch 10 m an Cash, das reicht bis zur holiday season.
4. Majesco kann und wird in vielen Bereichen Einsparungen vornehmen.
5. Der THQ-Deal verursacht keine Kosten und wird Majesco einiges an Cash bringen.
Majesco ist ein verdammt heißes Eisen, an dem sich viele Instis verbrannt haben. Bis Ende des Monats werden viele die Bücher gänzlich von Majesco bereinigen wollen. Auch heute sieht man immer wieder große Pakete im Verkauf.
Okt. bis Nov. könnte ein guter Einstiegszeitpunkt sein. Mal sehen wo sich der Boden bildet.
1. Majesco hat ab Nov. viele Releases in der Pipeline. Diese werden für Cash-Flow sorgen.
2. Man kann immer noch zur Not laufende Titel verkaufen.
3. Immerhin noch 10 m an Cash, das reicht bis zur holiday season.
4. Majesco kann und wird in vielen Bereichen Einsparungen vornehmen.
5. Der THQ-Deal verursacht keine Kosten und wird Majesco einiges an Cash bringen.
Majesco ist ein verdammt heißes Eisen, an dem sich viele Instis verbrannt haben. Bis Ende des Monats werden viele die Bücher gänzlich von Majesco bereinigen wollen. Auch heute sieht man immer wieder große Pakete im Verkauf.
Okt. bis Nov. könnte ein guter Einstiegszeitpunkt sein. Mal sehen wo sich der Boden bildet.
"viele Releases in der Pipeline" und sind da potenzielle Blockbuster bei ? Bestes Beispiel ist doch das aktuelle Action Adventure "Advent Rising" von dem sich das Unternehmen sehr viel versprochen hat und das aber, trotz guter Kritiken wie Blei in den Verkaufsregalen zu stehen scheint. Mit den 10Mio. Cash kommen sie nicht weit, da das Budget eines XBOX-Spiels bereits 5-10Mio. USD verschlingt und wenn dann der Titel nicht läuft ergeben sich diese hohen Verluste. Ein kleiner Hoffungsschimmer könnte ja die XBOX 360 sein, da man mit "The Darkness" einen recht vielversprechenden Titel in der Entwicklung hat. (wird ja bekanntlich von den Riddick-Machern Starbreeze entwickelt). Allerdings wird "The Darkness" wohl kein Start-Titel für die XBOX 360 werden und erst Mitte 2006 erscheinen. Die GV hat zudem gezeigt, das eigentlich alle in der Branche potenzielle Blockbuster für die Next-Generation Konsolen in der Pipeline haben.
Es sind eine Menge Handheld Titel im Nov. geplant. Dazu kommen in den nächsten Monaten die Dreamwork Videos, Aeon Flux und die Vermarktung vieler Titel von THQ in Europa. Das wird ordentlich Cash-Flow bringen.
Die Projekte sind ja auch schon zum großen Teil angezahlt. Schließlich hat Majesco Anfang des Jahres 60 m an der Börse eingesammelt. Die hat man dann etwas zu fleißig in neue Titel invetsiert. AR ist da noch ein älteres Projekt. Die Release-Flut steht noch bevor.
Das ist für mich das Reizvolle an COOL. Die umfangreichen Investitionen werden erst ab Q1 06 vermarktet.
Das wesentliche Problem sehe ich darin, ob die für die laufenden Projekte jeweils die abschließenden milestone Zahlungen aufbringen können.
Die Xbox 360 Titel liegen da noch in weiter Ferne. Sollte COOL in Q1 06 wieder auf die Beine kommen, so sind einige next-gen Titel für einen kleinen Publisher von knapp 30 m eine super Pipeline.
Die Projekte sind ja auch schon zum großen Teil angezahlt. Schließlich hat Majesco Anfang des Jahres 60 m an der Börse eingesammelt. Die hat man dann etwas zu fleißig in neue Titel invetsiert. AR ist da noch ein älteres Projekt. Die Release-Flut steht noch bevor.
Das ist für mich das Reizvolle an COOL. Die umfangreichen Investitionen werden erst ab Q1 06 vermarktet.
Das wesentliche Problem sehe ich darin, ob die für die laufenden Projekte jeweils die abschließenden milestone Zahlungen aufbringen können.
Die Xbox 360 Titel liegen da noch in weiter Ferne. Sollte COOL in Q1 06 wieder auf die Beine kommen, so sind einige next-gen Titel für einen kleinen Publisher von knapp 30 m eine super Pipeline.
so jetzt gibt es noch eine Klage, weil man im Januar noch Aktien für $12,50/Aktie an Investoren verkauft hat und dort noch mit Jahresumsätzen von 175-185Mio. USD und einem Gewinn von 16-18Mio. USD im IPO-Prospket geworben hat Das schaut schon recht übel aus für COOL.
laut yahoo-board und forum-seite bei majesco steht ein deal mit sony an, bin jetzt investiert
Well, we`re very, very close to being done! We`ll be in the Sony approval queue soon, so we`re all excited here! It`s a relatively long process but the super long nights and 7 day work weeks are pretty much over. I can lay off the caffeine now! Woo Hoo!!!
Right now we`re making screenshots so look for new images from our near release game really soon!
The game turned out to be much better than we even thought it`d be. It`s really fast paced with lots of action and we think everyone will be really excited with multiplayer in it`s various... hmmm... how should I put this... various "modes." I`ll leave it at that until we put out the official news.
Anyway, the light at the end of the tunnel is upon us and it`s look`n very, very bright.
Jeff
http://majescoentertainment.com/vbulletin/showthread.php?s=3…
Right now we`re making screenshots so look for new images from our near release game really soon!
The game turned out to be much better than we even thought it`d be. It`s really fast paced with lots of action and we think everyone will be really excited with multiplayer in it`s various... hmmm... how should I put this... various "modes." I`ll leave it at that until we put out the official news.
Anyway, the light at the end of the tunnel is upon us and it`s look`n very, very bright.
Jeff
http://majescoentertainment.com/vbulletin/showthread.php?s=3…
hi humanist
hört sich so an, als wäre infected fertig. soll ja im november kommen. da der titel auf psp erscheint, muss sony nur noch zustimmen. werden die bestimmt machen. aber als deal würde ich das nicht bezeichnen.
insgesamt hat sich cool schon wieder ganz gut erholt.
nächtser widerstand bei 1,50.
soll da nur ein kurzer trade werden?
hört sich so an, als wäre infected fertig. soll ja im november kommen. da der titel auf psp erscheint, muss sony nur noch zustimmen. werden die bestimmt machen. aber als deal würde ich das nicht bezeichnen.
insgesamt hat sich cool schon wieder ganz gut erholt.
nächtser widerstand bei 1,50.
soll da nur ein kurzer trade werden?
in der der tat ein deal isses nicht - habe ich mich mal wieder von den yahoo-futzis täuschen lassen , aber news sind ja quasi angekündigt ,
was mir noch ein bisschen sorgen bereitet, ist die cash-reserve
1,70 wären schön, mein einstieg 1,35 (vorgestern)
gruß humanist
was mir noch ein bisschen sorgen bereitet, ist die cash-reserve
1,70 wären schön, mein einstieg 1,35 (vorgestern)
gruß humanist
also sollte es in den nächsten Tagen wirklich einen Sony Deal geben, wird sich wohl auch die SEC damit beschäftigen ... aber in diesem Thread ging es doch nur um das neue PSP-Spiel "Infected" von den Planet Moon Studios und das Sony wohl in Kürze grünes Licht für die Veröffentlichung gibt .. nix weiter ... oder hat jemand eine andere Interpretation
ja der bericht sah nicht so gut aus. als der raus kam ging es ja nochmal runter auf 1,11.
denke was besonders negativ an kam war, dass sämtliche receivables korrigiert oder faktorisiert wurden. sind jetzt praktisch auf null von ca. 25m. cool muss also wesentlich mehr cash verbraucht haben als ich ursprünglich angenommen habe.
denke was besonders negativ an kam war, dass sämtliche receivables korrigiert oder faktorisiert wurden. sind jetzt praktisch auf null von ca. 25m. cool muss also wesentlich mehr cash verbraucht haben als ich ursprünglich angenommen habe.
yahoo futzis ist gut.
es gibt unter dem ganzen müll auch aml ein paar gute threads. z.b. finde ich den ganz gut:
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=…
es gibt unter dem ganzen müll auch aml ein paar gute threads. z.b. finde ich den ganz gut:
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=…
schon gelesen, fand aber den hier fast besser
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=…
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=…
was hier heute abgeht is aber auch nicht normal, mal kurz die 1,34 berührt und zehn sekunden später bei 1,41
ja, die postings von "brunocag" sind meistens lesenswert.
Hey
Hier sind ja ein paar Bekannte wieder zu finden. Bin auch letzte Woche zu 1,31 eingestiegen. War wieder mal der optimale Zeitpunkt. (Klappt aber nich immer so)
Der Chart sieht ja höllisch aus, aber ich denke hier gibts nen Super Rebound.
zenman + humanist habt Ihr Euch von Arbinet verabschiedet?
oder nur keinen Bock mehr zum Schreiben?
good trade
Larry_1
Hier sind ja ein paar Bekannte wieder zu finden. Bin auch letzte Woche zu 1,31 eingestiegen. War wieder mal der optimale Zeitpunkt. (Klappt aber nich immer so)
Der Chart sieht ja höllisch aus, aber ich denke hier gibts nen Super Rebound.
zenman + humanist habt Ihr Euch von Arbinet verabschiedet?
oder nur keinen Bock mehr zum Schreiben?
good trade
Larry_1
hi larry,
bin im schnitt zu 6,48 raus (minus 7%), gibt schlimmeres
hab das teil aber immer noch im blick und werde kurz vor den nächsten quartalsergebnissen wieder eine kleine position kaufen,
damit wir hier auch schön beim thema bleiben, eine meinung von yahoo-user bruno, die meiner einschätzung entspricht,
"This stock is so beaten down, all it will take is 1 partial hit or some financing to get it back it above $2. The likelyhood of either is greater than them going Bk (my guess). My goal from day one was to take advantage of the xmas season. I`ll be happy with $3 at this point, no one has proven to me that this stock is going BK before Xmas. Time to roll the dice . Remember, Even Acclaim went from pennies to above $5 twice before its demise."
gruß humanist
bin im schnitt zu 6,48 raus (minus 7%), gibt schlimmeres
hab das teil aber immer noch im blick und werde kurz vor den nächsten quartalsergebnissen wieder eine kleine position kaufen,
damit wir hier auch schön beim thema bleiben, eine meinung von yahoo-user bruno, die meiner einschätzung entspricht,
"This stock is so beaten down, all it will take is 1 partial hit or some financing to get it back it above $2. The likelyhood of either is greater than them going Bk (my guess). My goal from day one was to take advantage of the xmas season. I`ll be happy with $3 at this point, no one has proven to me that this stock is going BK before Xmas. Time to roll the dice . Remember, Even Acclaim went from pennies to above $5 twice before its demise."
gruß humanist
Hey humanist
bin bei Arbinet noch dabei, und jetzt wieder bei -7%, nachdem ich kurz die Nullinie gesehen habe.
Ansonsten glaube ich, das die nächste Woche ganz gut wird.
(Ölpreis + Schröder entwickeln sich zum positiven.)
Habe während der Woche nen harten Job und lese meistens nur ab und zu in WO.
good trade
Larry_1
bin bei Arbinet noch dabei, und jetzt wieder bei -7%, nachdem ich kurz die Nullinie gesehen habe.
Ansonsten glaube ich, das die nächste Woche ganz gut wird.
(Ölpreis + Schröder entwickeln sich zum positiven.)
Habe während der Woche nen harten Job und lese meistens nur ab und zu in WO.
good trade
Larry_1
naachbbörslich geht ja die post ab, auf yahoo steht irgendetwas von übernahme oder ke (english: "offer") zu 1,50, weiß jemand näheres
was geht hier ab, die handeln hier 300 k in 15 minuten ohne news und lassen mich total im dunkeln stehen
na endlich
DJ Trinad Cap Offers To Buy 3.33M Majesco Shrs At $1.50/Shr
Dow Jones Real-Time News for InvestorsSM
4:00 p.m. 09/29/2005
DJ Trinad Cap Offers To Buy 3.33M Majesco Shrs At $1.50/Shr
Dow Jones Real-Time News for InvestorsSM
4:00 p.m. 09/29/2005
September 27, 2005
Majesco Entertainment Company
160 Raritan Center Parkway
Suite 1
Edison, New Jersey 08837
Attention: Board of Directors of Majesco Entertainment Company
Gentlemen: ( frauen kennen die offenbar nicht)
As you know, Trinad Capital Master Fund Ltd. and its affiliates ("Trinad" or
"we"), which has been a long-time shareholder of Majesco Entertainment Company
("Majesco" or the "Company"), have made repeated requests for fundamental
changes in the Company`s management structure, corporate governance, executive
compensation and board composition in our letters to you over the past several
months. Based on our analysis of the Company`s publicly-available information
and filings, we believe that the Company now faces danger to its continued
existence and prosperity due to a number of factors, including its declining
business, a disruption of its customer relationships, an immediate need for
additional capital and a total lack of investor confidence in the Company. It is
conceivable that the Company will not have sufficient liquidity to fund current
and anticipated operations, considering that the Company had only $10.3 million
in cash at the end of the quarter, and that the Company will likely face
significant challenges in maintaining its existing financing or obtaining new
financing at satisfactory levels and upon reasonable terms.
We have long been proponents of, and believers in, the significant potential
of the Company. With this in mind, and considering the Company`s impending
liquidity crisis, we are prepared to make an equity investment in the Company of
five million dollars ($5,000,000), at a price of $1.50 per share, in the
Company`s common stock ("Common Stock"), upon the terms, and subject to the
satisfaction of each of the conditions, hereinafter set forth.
1. Cash Investment. The Company shall issue and sell to Trinad or its
designees, and Trinad or its designees shall purchase from the
Company, an aggregate of 3,333,333 shares of Common Stock at a price
of $1.50 per share, or an aggregate of five million dollars. We refer
to the purchase and sale of Common Stock as set forth above as the
"Investment." The Company shall cause the shares to be registered
under the Securities Act of 1333 within 30 days following the
completion of the Investment.
2. Due Diligence. The Investment is subject to the completion to our
satisfaction, in our sole and absolute discretion, of a due diligence
review of the Company. Majesco shall permit Trinad and its authorized
employees and agents, at Trinad`s expense, to have access to the
operations and facilities, customers, books, records, employees,
counsel, accountants and other representatives of Majesco for the
purpose of evaluating the transaction contemplated hereby.
<PAGE>
3. Board Representation. As a condition to closing, the Company and the
board shall take all necessary and desirable action, as reasonably
requested by Trinad, to cause a majority of the Company`s board of
directors to be comprised of individuals nominated by Trinad. We
recognize that this may be effected in a number of ways including,
without limitation, through the resignation of certain existing board
members or by increasing the size of the existing board and, in each
case, filling vacancies with our nominees. We are prepared to propose
as nominees individuals that we strongly believe will add value to the
Board`s decision-making process and enhance the Board`s ability to
maximize shareholder value.
4. Board Approval; Compliance with Applicable Laws. The Investment and
the other actions contemplated hereby shall be approved in advance by
the Board of Directors of Majesco in a manner to render inapplicable
any and all laws, regulations and agreements that would prevent, or
impose materials conditions upon, the Investment. Further, Majesco
shall execute and deliver any further instruments or documents and
take all such necessary action that may be reasonably requested by
Trinad to carry out the purpose of this letter.
5. Miscellaneous.
(a) Attorneys` Fees. In the event any of the parties hereto
shall institute any action or proceeding against any other party or
parties hereto relating to this letter, the unsuccessful party in such
action or proceeding shall reimburse the successful party or parties
for its reasonable expense incurred in connection herewith, including
reasonable attorneys` fees.
(b) Governing Law. This letter shall be governed by, construed
and enforced in accordance with the laws of the State of New York,
United States of America, without regard to conflict of law
principles.
(c) Entire Letter; Modification. This letter sets forth the
entire understanding among the parties and supersedes all agreements
made prior to or contemporaneously herewith, written or oral, with
respect to the subject matter hereof. Any modification of this letter
must be in writing and signed by all of the parties hereto in an
instrument which makes specific reference to this letter.
(d) Termination. In the event that this letter is not accepted
in writing by Majesco and returned to Trinad before 5:00 p.m., New
York time, on October 4, 2005, this letter shall automatically
terminate and be null and void without any obligation of Trinad.
Further, this letter may be terminated by Trinad by the delivery of
written notice to Majesco of its desire to so terminate this letter.
(e) Counterparts. This letter may be executed in counterparts,
each of which shall be deemed an original and all of which together
shall constitute one and the same instrument.
(f) Non-Binding Letter. Your acceptance and execution of this
letter will affirm our mutual intent as set forth herein. This letter
expresses only the intention of Trinad to make the Investment
contemplated hereby upon the terms and subject to the conditions
contained herein, and does not constitute a binding agreement, or
create any legal obligation on the part of, Trinad. Any such agreement
or legal obligation shall be created solely through the execution and
delivery of a definitive purchase or investment agreement in form and
substance mutually satisfactory to each of Trinad and Majesco. If such
a definitive agreement is not executed, our respective obligations
under this letter of intent shall be terminated.
We are confident that our proposal is generous, reasonable and serves the
interests of the Company`s shareholders. The time has clearly come for the board
to take decisive and aggressive action
<PAGE>
to begin to deal with the enormity of problems that now face the Company. Given
the Company`s continued poor performance and current and deteriorating financial
position, your failure to agree to our generous proposal could only be deemed to
have been made for the purpose of entrenching the current management of the
Company and the existing board of directors. This, of course, is completely
unacceptable to shareholders and the investment community, and would be in clear
violation of your fiduciary and other duties as members of the board. Time is
clearly of the essence, as any further diminution in shareholder value is simply
unacceptable. Subject to compliance with applicable law, we may seek to
accumulate additional shares to bring our interest to more than 10% of the
Company`s issued and outstanding shares of common stock, and become more
actively involved in the Company.
If the foregoing correctly reflects our understanding with respect to the
subject matter thereof, please so indicate by signing this letter in the space
provided below for your signature.
Very truly yours,
TRINAD CAPITAL MASTER FUND LTD.
By: Trinad Capital L.P.
By: Trinad Advisors GP LLC
By: /s/ Robert S. Ellin
--------------------------------
Name: Robert S. Ellin
Title: Managing Member
AGREED TO AND ACCEPTED
THIS __ DAY OF ____________, 2005:
MAJESCO ENTERTAINMENT COMPANY
Majesco Entertainment Company
160 Raritan Center Parkway
Suite 1
Edison, New Jersey 08837
Attention: Board of Directors of Majesco Entertainment Company
Gentlemen: ( frauen kennen die offenbar nicht)
As you know, Trinad Capital Master Fund Ltd. and its affiliates ("Trinad" or
"we"), which has been a long-time shareholder of Majesco Entertainment Company
("Majesco" or the "Company"), have made repeated requests for fundamental
changes in the Company`s management structure, corporate governance, executive
compensation and board composition in our letters to you over the past several
months. Based on our analysis of the Company`s publicly-available information
and filings, we believe that the Company now faces danger to its continued
existence and prosperity due to a number of factors, including its declining
business, a disruption of its customer relationships, an immediate need for
additional capital and a total lack of investor confidence in the Company. It is
conceivable that the Company will not have sufficient liquidity to fund current
and anticipated operations, considering that the Company had only $10.3 million
in cash at the end of the quarter, and that the Company will likely face
significant challenges in maintaining its existing financing or obtaining new
financing at satisfactory levels and upon reasonable terms.
We have long been proponents of, and believers in, the significant potential
of the Company. With this in mind, and considering the Company`s impending
liquidity crisis, we are prepared to make an equity investment in the Company of
five million dollars ($5,000,000), at a price of $1.50 per share, in the
Company`s common stock ("Common Stock"), upon the terms, and subject to the
satisfaction of each of the conditions, hereinafter set forth.
1. Cash Investment. The Company shall issue and sell to Trinad or its
designees, and Trinad or its designees shall purchase from the
Company, an aggregate of 3,333,333 shares of Common Stock at a price
of $1.50 per share, or an aggregate of five million dollars. We refer
to the purchase and sale of Common Stock as set forth above as the
"Investment." The Company shall cause the shares to be registered
under the Securities Act of 1333 within 30 days following the
completion of the Investment.
2. Due Diligence. The Investment is subject to the completion to our
satisfaction, in our sole and absolute discretion, of a due diligence
review of the Company. Majesco shall permit Trinad and its authorized
employees and agents, at Trinad`s expense, to have access to the
operations and facilities, customers, books, records, employees,
counsel, accountants and other representatives of Majesco for the
purpose of evaluating the transaction contemplated hereby.
<PAGE>
3. Board Representation. As a condition to closing, the Company and the
board shall take all necessary and desirable action, as reasonably
requested by Trinad, to cause a majority of the Company`s board of
directors to be comprised of individuals nominated by Trinad. We
recognize that this may be effected in a number of ways including,
without limitation, through the resignation of certain existing board
members or by increasing the size of the existing board and, in each
case, filling vacancies with our nominees. We are prepared to propose
as nominees individuals that we strongly believe will add value to the
Board`s decision-making process and enhance the Board`s ability to
maximize shareholder value.
4. Board Approval; Compliance with Applicable Laws. The Investment and
the other actions contemplated hereby shall be approved in advance by
the Board of Directors of Majesco in a manner to render inapplicable
any and all laws, regulations and agreements that would prevent, or
impose materials conditions upon, the Investment. Further, Majesco
shall execute and deliver any further instruments or documents and
take all such necessary action that may be reasonably requested by
Trinad to carry out the purpose of this letter.
5. Miscellaneous.
(a) Attorneys` Fees. In the event any of the parties hereto
shall institute any action or proceeding against any other party or
parties hereto relating to this letter, the unsuccessful party in such
action or proceeding shall reimburse the successful party or parties
for its reasonable expense incurred in connection herewith, including
reasonable attorneys` fees.
(b) Governing Law. This letter shall be governed by, construed
and enforced in accordance with the laws of the State of New York,
United States of America, without regard to conflict of law
principles.
(c) Entire Letter; Modification. This letter sets forth the
entire understanding among the parties and supersedes all agreements
made prior to or contemporaneously herewith, written or oral, with
respect to the subject matter hereof. Any modification of this letter
must be in writing and signed by all of the parties hereto in an
instrument which makes specific reference to this letter.
(d) Termination. In the event that this letter is not accepted
in writing by Majesco and returned to Trinad before 5:00 p.m., New
York time, on October 4, 2005, this letter shall automatically
terminate and be null and void without any obligation of Trinad.
Further, this letter may be terminated by Trinad by the delivery of
written notice to Majesco of its desire to so terminate this letter.
(e) Counterparts. This letter may be executed in counterparts,
each of which shall be deemed an original and all of which together
shall constitute one and the same instrument.
(f) Non-Binding Letter. Your acceptance and execution of this
letter will affirm our mutual intent as set forth herein. This letter
expresses only the intention of Trinad to make the Investment
contemplated hereby upon the terms and subject to the conditions
contained herein, and does not constitute a binding agreement, or
create any legal obligation on the part of, Trinad. Any such agreement
or legal obligation shall be created solely through the execution and
delivery of a definitive purchase or investment agreement in form and
substance mutually satisfactory to each of Trinad and Majesco. If such
a definitive agreement is not executed, our respective obligations
under this letter of intent shall be terminated.
We are confident that our proposal is generous, reasonable and serves the
interests of the Company`s shareholders. The time has clearly come for the board
to take decisive and aggressive action
<PAGE>
to begin to deal with the enormity of problems that now face the Company. Given
the Company`s continued poor performance and current and deteriorating financial
position, your failure to agree to our generous proposal could only be deemed to
have been made for the purpose of entrenching the current management of the
Company and the existing board of directors. This, of course, is completely
unacceptable to shareholders and the investment community, and would be in clear
violation of your fiduciary and other duties as members of the board. Time is
clearly of the essence, as any further diminution in shareholder value is simply
unacceptable. Subject to compliance with applicable law, we may seek to
accumulate additional shares to bring our interest to more than 10% of the
Company`s issued and outstanding shares of common stock, and become more
actively involved in the Company.
If the foregoing correctly reflects our understanding with respect to the
subject matter thereof, please so indicate by signing this letter in the space
provided below for your signature.
Very truly yours,
TRINAD CAPITAL MASTER FUND LTD.
By: Trinad Capital L.P.
By: Trinad Advisors GP LLC
By: /s/ Robert S. Ellin
--------------------------------
Name: Robert S. Ellin
Title: Managing Member
AGREED TO AND ACCEPTED
THIS __ DAY OF ____________, 2005:
MAJESCO ENTERTAINMENT COMPANY
So, ich habe meine gerade mal wieder hergegeben zu 1,36.
Am Montag is ja Feiertag, d.h. keine Arbeit und da möchte ich ein bisschen traden.
Meine Yukos bin ich auch wieder los. Dort habe ich mit SL und SB gearbeitet, des isn Scheiß. Ohne hätte ich um einiges mehr Gewinne realisiert.Passiert mir so schnell nich mehr.
Majesco bleibt natürlich in der WL.
Allen ein schönes langes WE
Larry_1
Am Montag is ja Feiertag, d.h. keine Arbeit und da möchte ich ein bisschen traden.
Meine Yukos bin ich auch wieder los. Dort habe ich mit SL und SB gearbeitet, des isn Scheiß. Ohne hätte ich um einiges mehr Gewinne realisiert.Passiert mir so schnell nich mehr.
Majesco bleibt natürlich in der WL.
Allen ein schönes langes WE
Larry_1
Majesco Entertainment Ships `Worms 4: Mayhem` for Xbox
Tuesday October 4, 10:45 am ET
New Games Mark 10th Anniversary of `Worm Warfare`
EDISON, N.J., Oct. 4 /PRNewswire-FirstCall/ -- Wormicide is back with a humorous vengeance as Majesco Entertainment Company (Nasdaq: COOL - News) today ships Worms 4: Mayhem for the Xbox® video game and entertainment system from Microsoft. Developed by Team 17, the newest strategy game from the popular Worms series will be available throughout North America for the cost-friendly price of $19.99. Worms 4: Mayhem will also ship for the personal computer next Tuesday, October 11.
"The award-winning Worms series is best known for its unique and darkly humorous invertebrate warfare, which has made it a favorite among casual and hardcore gamers alike," said Ken Gold, vice president of Marketing for Majesco. "Updated forms of worm combat combined with all-new player customization features add further to the overall excitement of Worms 4 Mayhem, making it the `must-have` game of the franchise."
Worms 4: Mayhem promises innovative new worm vs. worm warfare where players can create a fully customizable team of up to six worms in numerous environments, including multiplayer battles for up to four players. The game also includes a new weapons factory, allowing players to blow up their opponents in explosive new ways.
Additional game play highlights include:
-- Multiple game modes, including the 25-mission Story mode, Multiplayer
via Xbox Live® or GameSpy (PC), Network play, and Challenge mode;
-- Customizing Worm teams with their own unique look, sound, and playing
style;
-- Exclusive new weapons such as the Tail Nail, Poison Arrow and the
all-new Sniper Rifle;
-- Random level generator that creates huge, varied and vibrant themed
scenarios, making each level a unique playing experience;
-- Unlocking various trophies and secrets as players destroy your opponent
in more and more creative ways;
-- 3D world with all of the hallmarks of the original 2D game.
Additional information on Worms 4: Mayhem can be found online at http://www.wormsmayhem.com .
Tuesday October 4, 10:45 am ET
New Games Mark 10th Anniversary of `Worm Warfare`
EDISON, N.J., Oct. 4 /PRNewswire-FirstCall/ -- Wormicide is back with a humorous vengeance as Majesco Entertainment Company (Nasdaq: COOL - News) today ships Worms 4: Mayhem for the Xbox® video game and entertainment system from Microsoft. Developed by Team 17, the newest strategy game from the popular Worms series will be available throughout North America for the cost-friendly price of $19.99. Worms 4: Mayhem will also ship for the personal computer next Tuesday, October 11.
"The award-winning Worms series is best known for its unique and darkly humorous invertebrate warfare, which has made it a favorite among casual and hardcore gamers alike," said Ken Gold, vice president of Marketing for Majesco. "Updated forms of worm combat combined with all-new player customization features add further to the overall excitement of Worms 4 Mayhem, making it the `must-have` game of the franchise."
Worms 4: Mayhem promises innovative new worm vs. worm warfare where players can create a fully customizable team of up to six worms in numerous environments, including multiplayer battles for up to four players. The game also includes a new weapons factory, allowing players to blow up their opponents in explosive new ways.
Additional game play highlights include:
-- Multiple game modes, including the 25-mission Story mode, Multiplayer
via Xbox Live® or GameSpy (PC), Network play, and Challenge mode;
-- Customizing Worm teams with their own unique look, sound, and playing
style;
-- Exclusive new weapons such as the Tail Nail, Poison Arrow and the
all-new Sniper Rifle;
-- Random level generator that creates huge, varied and vibrant themed
scenarios, making each level a unique playing experience;
-- Unlocking various trophies and secrets as players destroy your opponent
in more and more creative ways;
-- 3D world with all of the hallmarks of the original 2D game.
Additional information on Worms 4: Mayhem can be found online at http://www.wormsmayhem.com .
heute läuft auch die frist für das finanzierungsangebot aus
ganz nette pm
Press Release Source: Majesco Entertainment Company
Majesco Entertainment Company Announces Increased Availability Under Its Existing Financing Arrangements
Tuesday October 18, 7:00 am ET
EDISON, N.J., Oct. 18 /PRNewswire-FirstCall/ -- Majesco Entertainment Company (Nasdaq: COOL - News), today announced that its credit grantors have increased the Company`s availability under existing factoring and finance facilities.
ADVERTISEMENT
Cash advances under the factoring and financing arrangement have been increased to $16 million from $7.5 million. In addition, the Company reactivated its $10 million letter of credit facility for purchase order financing.
The Company is in active negotiations to restore its credit availability to prior levels.
Press Release Source: Majesco Entertainment Company
Majesco Entertainment Company Announces Increased Availability Under Its Existing Financing Arrangements
Tuesday October 18, 7:00 am ET
EDISON, N.J., Oct. 18 /PRNewswire-FirstCall/ -- Majesco Entertainment Company (Nasdaq: COOL - News), today announced that its credit grantors have increased the Company`s availability under existing factoring and finance facilities.
ADVERTISEMENT
Cash advances under the factoring and financing arrangement have been increased to $16 million from $7.5 million. In addition, the Company reactivated its $10 million letter of credit facility for purchase order financing.
The Company is in active negotiations to restore its credit availability to prior levels.
nur noch sechs cent bis zum zielkurs
glückwunsch human
Der Kurs läuft ja recht ordentlich. Dass der Markt auf Vortag eröffnet hat, ist bei dieser guten News erstaunlich. Da hätte ich noch schön nachlegen können. Schaue leider jetzt erst auf COOL.
Sieht mir nach einem schönen short squeez aus. Vielleicht sollte man heute verkaufen und in den nächsten Tagen nochmals günstiger einsteigen. Meinungen?
danke zen - da werd ich ja bald bald wieder zu euch stoßen können, mit meiner freundin arbi habe ich noch ne rechnung offen
hi surfer,
tja - gute frage , viel wird von dem weiteren news-flow abhängen, eine andere frage ist - ob wir es hier nicht gerade mit einem sehr kurzfristigen mini-hype zu tun haben, der den kurs bis an die 2,30-2,40 bringen könnte, das trinad-offer ist ausgeschlagen worden und das - sieht man sich die höhe der erweiterten kreditlinie an- mit gutem grund. eigentlich seit langem das erste mal, dass die gute nachrichten bringen, man darf gespannt sein - COOL bleibt heiß
ich gehe morgen oder heute abend zunächst erstmal mit einem drittel raus´
grüße
humanist
hi surfer,
tja - gute frage , viel wird von dem weiteren news-flow abhängen, eine andere frage ist - ob wir es hier nicht gerade mit einem sehr kurzfristigen mini-hype zu tun haben, der den kurs bis an die 2,30-2,40 bringen könnte, das trinad-offer ist ausgeschlagen worden und das - sieht man sich die höhe der erweiterten kreditlinie an- mit gutem grund. eigentlich seit langem das erste mal, dass die gute nachrichten bringen, man darf gespannt sein - COOL bleibt heiß
ich gehe morgen oder heute abend zunächst erstmal mit einem drittel raus´
grüße
humanist
Die News dürften die nächsten Monate positiv sein und die bad news sind raus bzw. bereits eingepreist. So wird Q4-05 noch schwach. Das dürfte aber allen klar sein.
Die Pipeline für Q1-06 ist für so einen kleinen Wert verdammt gut. Besonders im November dürfte allein auf Grund der Menge der Releases ordentlich Umsatz rausspringen. Wenn dann noch ein Hit dabei ist, umso besser.
Also auf Sicht von 1 - 2 Monaten bin ich sehr positiv für COOL.
Allerdings sieht man auch heute wieder größere Verkaüfe von Instis. Ab 1,6 haben geben die fleißig. Vermutlich werden wir diesen Bereich nicht so ohne weiteres in den nächsten Wochen nachhaltig überschreiten. Der Kurs könnte dann wieder leicht abbröckeln. Wenn wir die 1,6 heute nicht mehr schaffen, werde ich morgen eventuell auch abgeben und auf günstigere Kurse hoffen.
Die Pipeline für Q1-06 ist für so einen kleinen Wert verdammt gut. Besonders im November dürfte allein auf Grund der Menge der Releases ordentlich Umsatz rausspringen. Wenn dann noch ein Hit dabei ist, umso besser.
Also auf Sicht von 1 - 2 Monaten bin ich sehr positiv für COOL.
Allerdings sieht man auch heute wieder größere Verkaüfe von Instis. Ab 1,6 haben geben die fleißig. Vermutlich werden wir diesen Bereich nicht so ohne weiteres in den nächsten Wochen nachhaltig überschreiten. Der Kurs könnte dann wieder leicht abbröckeln. Wenn wir die 1,6 heute nicht mehr schaffen, werde ich morgen eventuell auch abgeben und auf günstigere Kurse hoffen.
aktuell 1,73 - drei cent über zielkurs, wad tun
ich warte bis morgen
gute nacht
gute nacht
schaut doch ganz gut aus, denke das es jetzt erst mal Richtung $2,50 geht um das GAP zu schließen
aus dem "beschwerde"-schreiben von trinad (18.10),
Further, in light of the Company`s deteriorating performance we respectfully request that you immediately begin exploring strategic alternatives to increase shareholder value, including, without limitation, a debt or equity financing to improve liquidity, one or more strategic acquisitions (combined with any required financing), a merger with another company or a sale of the Company, whether through the sale of its assets, a merger or consolidation or otherwise. We would like the board to retain an investment banker to advise them through their evaluation of the above stated options. We also request the resignation of Jesse Sutton as President, as the Company`s performance has been disastrous under his leadership and that the Company hire an interim or permanent CEO to guide it through these difficult times.
The time has clearly come for the board to take decisive and aggressive action to begin to deal with the problems that now face the Company. Our proposal was made to serve interests of all shareholders (and not merely Trinad) and was designed to ensure the Company has sufficient resources to restructure its management team and position itself for future growth. Time is clearly of the essence, as any further diminution in shareholder value is simply unacceptable. Subject to compliance with applicable law, we may seek to accumulate additional shares to bring our interest to more than 10% of the Company`s issued and outstanding shares of common stock, and become more actively involved in the Company.
http://www.sec.gov/Archives/edgar/data/1076682/0000922423050…
Further, in light of the Company`s deteriorating performance we respectfully request that you immediately begin exploring strategic alternatives to increase shareholder value, including, without limitation, a debt or equity financing to improve liquidity, one or more strategic acquisitions (combined with any required financing), a merger with another company or a sale of the Company, whether through the sale of its assets, a merger or consolidation or otherwise. We would like the board to retain an investment banker to advise them through their evaluation of the above stated options. We also request the resignation of Jesse Sutton as President, as the Company`s performance has been disastrous under his leadership and that the Company hire an interim or permanent CEO to guide it through these difficult times.
The time has clearly come for the board to take decisive and aggressive action to begin to deal with the problems that now face the Company. Our proposal was made to serve interests of all shareholders (and not merely Trinad) and was designed to ensure the Company has sufficient resources to restructure its management team and position itself for future growth. Time is clearly of the essence, as any further diminution in shareholder value is simply unacceptable. Subject to compliance with applicable law, we may seek to accumulate additional shares to bring our interest to more than 10% of the Company`s issued and outstanding shares of common stock, and become more actively involved in the Company.
http://www.sec.gov/Archives/edgar/data/1076682/0000922423050…
Ja, das sind gute News.
COOL wird immer mehr zu einer heissen Story.
Das Lineup ist für so einen kleinen Publisher sehr stark. Und das geht über die Holiday-Season hinaus. Morgen beginnt Q1/06. Das dürfte Majesco hohe Umsätze und einen ansehnlichen Cash-Flow bringen. Mich wundert es nicht, dass das Mgmt nicht auf Trinads Offer eingeht. Die Ausgabe von Aktien auf diesem Niveau wäre eine üble Verwässerung. Umso besser, wenn COOL es nicht nötig hat, dieses Angebot anzunehmen.
Übrigens es wird nicht nur der Preis angehoben, sondern auch die Aktienanzahl von 3,3 m auf 4,3 m. Trinad wird sicher vorher etwas recherchiert haben und nicht $ 7,5 m in eine Firma investieren, die in den nächsten Monaten bankrott ist.
Viele Shoties dürften mit dem letzten Anstieg auf dem falschen Fuß erwischt worden sein:
Short Interest
Oct. 14, 2005
1,597,166 shares
COOL wird immer mehr zu einer heissen Story.
Das Lineup ist für so einen kleinen Publisher sehr stark. Und das geht über die Holiday-Season hinaus. Morgen beginnt Q1/06. Das dürfte Majesco hohe Umsätze und einen ansehnlichen Cash-Flow bringen. Mich wundert es nicht, dass das Mgmt nicht auf Trinads Offer eingeht. Die Ausgabe von Aktien auf diesem Niveau wäre eine üble Verwässerung. Umso besser, wenn COOL es nicht nötig hat, dieses Angebot anzunehmen.
Übrigens es wird nicht nur der Preis angehoben, sondern auch die Aktienanzahl von 3,3 m auf 4,3 m. Trinad wird sicher vorher etwas recherchiert haben und nicht $ 7,5 m in eine Firma investieren, die in den nächsten Monaten bankrott ist.
Viele Shoties dürften mit dem letzten Anstieg auf dem falschen Fuß erwischt worden sein:
Short Interest
Oct. 14, 2005
1,597,166 shares
Trinad will außerordentliche Hauptversammlung einberufen
http://www.sec.gov/Archives/edgar/data/1076682/0000922423050…
We are aware of the current provisions in the Company`s By-laws that make
it quite difficult for shareholders to call a special meeting for this purpose.
We currently own nearly 10% of the Company`s outstanding Common Stock, as
indicated in our most recent amendment to Schedule 13D. We also believe that we
have the support of holders of an additional 10% of the outstanding Common Stock
of the Company for this purpose. Accordingly, we hereby request that the board
immediately call a special meeting of shareholders, or take all action to amend
the Company`s By-laws (or waive the applicable restrictive provisions) to enable
us to immediately call for a special meeting, so that the Company`s shareholders
may immediately consider again whether a staggered board is appropriate given
the Company`s disappointing performance, and whether the current members of the
board are suitable to continue to lead the Company.
As a substantial, long-term shareholder of the Company, we fully expect
that each of the requests made above will be immediately addressed and
appropriate actions will be taken. Time is clearly of the essence, as any
further diminution in shareholder value is simply unacceptable. We may seek to
<PAGE>
accumulate additional shares to bring our interest to more than 10% of the
Company`s issued and outstanding shares of common stock, and become more
actively involved in the Company.
http://www.sec.gov/Archives/edgar/data/1076682/0000922423050…
We are aware of the current provisions in the Company`s By-laws that make
it quite difficult for shareholders to call a special meeting for this purpose.
We currently own nearly 10% of the Company`s outstanding Common Stock, as
indicated in our most recent amendment to Schedule 13D. We also believe that we
have the support of holders of an additional 10% of the outstanding Common Stock
of the Company for this purpose. Accordingly, we hereby request that the board
immediately call a special meeting of shareholders, or take all action to amend
the Company`s By-laws (or waive the applicable restrictive provisions) to enable
us to immediately call for a special meeting, so that the Company`s shareholders
may immediately consider again whether a staggered board is appropriate given
the Company`s disappointing performance, and whether the current members of the
board are suitable to continue to lead the Company.
As a substantial, long-term shareholder of the Company, we fully expect
that each of the requests made above will be immediately addressed and
appropriate actions will be taken. Time is clearly of the essence, as any
further diminution in shareholder value is simply unacceptable. We may seek to
<PAGE>
accumulate additional shares to bring our interest to more than 10% of the
Company`s issued and outstanding shares of common stock, and become more
actively involved in the Company.
Beitrag zu dieser Diskussion schreiben
Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie eine neue Diskussion.
Investoren beobachten auch:
Wertpapier | Perf. % |
---|---|
-5,36 | |
+0,67 | |
+0,41 | |
0,00 | |
-0,94 | |
+1,97 | |
+0,87 | |
-0,30 | |
+0,97 | |
-2,82 |
Meistdiskutiert
Wertpapier | Beiträge | |
---|---|---|
188 | ||
114 | ||
86 | ||
84 | ||
70 | ||
50 | ||
47 | ||
43 | ||
38 | ||
35 |
Ein verdammt heißes Eisen namens COOL