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Does anyone have a clue whats going on with this stock ? Or are we all in the dark ...
agreed could be a life changer
It's a front for running blow
I kept about 50k shares for shits and giggles. What I find odd is over the last 12 months I have made a lot of noise trying to get to the bottom of this mess, from tracking down the accounts receivable VP who now works for both mad catz and wd40, to somehow luckily being linked through LinkedIn to the VP of business development of Global Steven Yu in China. To this day my profile is viewed by him once a week. As I said in previous posts my distress finance guy predicted all this crap. Something is afoot. Are they hoping all of us who bought tons of shares sub penny would sell? Bottom line what is happening here is not normal. After being named as a “dark company” why would it continue to trade? Why wouldn’t Global it’s put out a presser saying it has nothing to do with interactive?thoughts guys?
I kept about 50k shares for shits and giggles. What I find odd is over the last 12 months I have made a lot of noise trying to get to the bottom of this mess, from tracking down the accounts receivable VP who now works for both mad catz and wd40, to somehow luckily being linked through LinkedIn to the VP of business development of Global Steven Yu in China. To this day my profile is viewed by him once a week. As I said in previous posts my distress finance guy predicted all this crap. Something is afoot. Are they hoping all of us who bought tons of shares sub penny would sell? Bottom line what is happening here is not normal. After being named as a “dark company” why would it continue to trade? Why wouldn’t Global it’s put out a presser saying it has nothing to do with interactive?thoughts guys?
Schwab shows that is trading on the Grey market... slowly going up. If you search the symbol on google it says it is still trading on the OTC. Im confused.
Is it trading? I'm not seeing anything on Etrade wtf
I know --thats just ridiculous that this is still trading
This seems very unlikely, after all the DD people have done, it makes no sense
It's garbage stay away
Lol i've never seen a stock price like this --hahahahha
I just got off of the phone with E*TRADE, here is what I learned:
They confirmed that Mczaf and the current Mad Catz are indeed the same company, and they have legal obligations to the stock symbol MCZAF. They said that even if the company says they want to trade under a new symbol, they would still have an obligation to the original stock symbol. They are currently being traded under the gray market, but at the very least we can sleep easy for now...
I suggest if you have more questions, reach out to a broker, or call E*TRADE for free.
Good god, why? Already in the toilet.
Can someone please tell me whats going on with this stock --why is it trading again
Is this stock finished ?
Yes, Jonatelo, it is as bad as it gets when the stock will be on the Grey Market after the Suspension ends. Grey Market is where Market Makers are forbidden to make a market for all stocks, so buying and/or selling is very difficult, resulting in dramatic drops in share price and volume.
The SEC commented in the ORDER: The staff of the Securities and Exchange Commission has independently endeavored to determine whether any of the issuers below are operating. Each of the issuers below confirmed they were no longer in operation, or merged with another entity, or failed to respond to the staff’s inquiry about its operating status or did not have an operational address. The staff of the Securities and Exchange Commission also determined that none of the issuers below has posted any information with OTC Markets Group, Inc. or filed any information with the Securities and Exchange Commission for over a year.
I’m guessing this is a bad thing for investors? Or is it possible that MCZAF misled investors?
Woo dodged a bullet there
MCZAF SEC Suspension "because of questions regarding the adequacy and accuracy of information about the company".
https://www.sec.gov/litigation/suspensions/2018/34-84824.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84824-o.pdf
Not if it's private
The shareholders that's who owns it.
Same as bontq, but who owns MCzaf is the real question
Hang in there guys. They haven't even had the chance to generate $$$ from the new product line. Read a lot of articles and the general consensus is that they are taking a smart approach to their restructure by limiting their product line. The overall consensus is that MadCatz learned from their mistakes. Just because they got bought out doesn't mean their mczaf won't come back. Its not uncommon for companies to get acquired and keep their old symbol. Wait until profits are reported after their new product line get out. Either this is a total bust or they will do a reverse stock split to make mczaf more attractive and to avoid being delisted. Either this will tank and we are all screwed or they are waiting to make some $$ so they can do a reverse split to raise the price of their shares would be a good deal for all hanging in there. I still have over 300,000 shares and I'm hanging in there until fall/winter next year. Plus, its very hard to get rid of because if you look at how many shares are trading per day you would have to do many limit orders + many fees to get rid of your shares (assuming you have a lot like me). Or you could do a market order and get smashed like a cockroach. I bought american airlines stock when it was like 25 cents per share after they declared bankruptcy and I ended up making 5k with very little risk.
Lots and lots going on, but who owns what. So confusing. Please be a bon ton
they have back their twitter, they seem to have overwhelming support
*mic tap*
— MAD CATZ (@MadCatz) September 24, 2018
Is this thing on?
It's good to be back and boy do we have some fun toys for you to play with soon! pic.twitter.com/mJJ4CL1p6W
So what are you thinking then?
they tweeted an article recently linking back to the same video. the description of which is sketchy to say the least, "Mad Catz Global Limited is an American company that provided interactive entertainment products marketed under Mad Catz, GameShark and TRITTON."
are ya ready kids?
Cool announcement coming soon... Stay tuned! pic.twitter.com/0i2Lsre51J
— Mad Catz UK (@MadCatzUK) September 13, 2018
We want this to be a bon ton, bontq. Went to .0002, then someone bought the name and customer info. Now they are coming back! It went to 12¢ that is what we need here. The name is worth it but who owns it lol. Why would this keep trading if there's nothing there, I'm so lost
Why would it say Global Limited is an American company in the details of that video? It’s not. Video is nice for the new brand but unfortunately it is just another piece of conflicting info. Alex sent grumpy an email saying it is a Chinese company but post it is American on YouTube. This just gets more confusing by the minute. Smh
Email the new company like I did I posted what he sent me 2 different companies this ticker literally goes to nothing I even posted the guys email for whomever did not believe me get out now!
You're still above your average so hey buy a case or two of beers it could be way worse. I'm leaving 100k just for shits and giggles
I had sell orders in all week I finally was able to unload 400k yesterday at .0062. I have 1.6m to go. Smh
1,100,000 share bid very thin on the up and up. Bids stacked to the max!
Welcome to our world. None of us can seem to figure this out!
Can someone please explain to me what happens to a stock like this once the original company is bought by a private company? Why is MCZAF stock still being bought and sold and what value does it currently have. How is this still trading when madcatz has been bought by another company? Im confused as to what is going on here and what remains of MCZAF.
What do you mean about trouble Sam?
I’m keeping 100k shares for S&g’s. That is if I can sell at my target price of .008. Reasoning behind that is the fact no one from the actual company has dispelled or confirmed our question. Discounting Grumpy’s email to Alex from the PR firm. In a strange way it would make sense for MadCatz to operate with a stateside entity because of all the tariffs T-rump is putting in place. More so it would be very easy for Global to clear this up if they were not affiliated. They haven’t. The question is why they have kept the mystique going? Why does every web based search about Global go back to this ticker? Are they not giving info so we say Fuck it and sell? Either way keeping a flyer of 100k is an investment of less then a G, with a pretty good upside if this does pan out. I’m willing to Gamble with that. Any thoughts guys??
I have Found a similar priced entity called Rising biosciences or RBII. They are in the final stage of FDA approval. Might be worth a look guys.
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