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Another day of s..t.
It seems manipulated and suppressed.
Perfectly said! I am in the same boat essentially
If I knew that I would have waited to buy in at these levels instead of above a dollar. This blows as I have a lot of shares.
Their name alone should put this above 5 bucks.
earlier in the year i was pretty pumped about this but it’s not as exciting now
They need something. This is sad to watch.
Atari needs major retail sales
Atari needs major retail sales
Is it sad I am excited this has hit .4734 this morning HAHA... Still down over 55%
Like to see .90 again as I am in at 1.05
Looking for the completion of a cup and handle reversal pattern on the 6 month chart, to get back to
.90, POS ethereum will cause massive investment into NFTs by those who have mined POW ethereum and who will want to invest in different assets imo
Atari - not Atria - that’s where I work haha.
I think we have hit the floor. This truly should be over 5 bucks right now just with the Atria name and the people behind this alone. It’s why I am in with a PPS of over a dollar and have not sold one share. Our time is coming. Good luck all.
Agreed it is a long hold and should be much better this year.
Bring on the bourbon my friend!!!
No worries. This will be 7-10 by XMAS
Agreed!! Let’s go
Added, let’s hope we start back up soon
Month and a half or so away here, U.S. holiday season play with the expectation of higher revenues then
1 Crypto Play 2 Casino 3 Atari name alone should be 7 plus.
What are 3 positives about PONGF? Why did you buy?
Big time bag holder here. This really blows. Was hoping for a nice summer of making money. Got just the opposite.
I’m disgusted. Took a loss in .50’s
Well - looks like we're bag holding together...
Just hoping for something positive from the company and a rebound back over a buck.
Holding and waiting it out. Down big however.
So is my E*TRADE account. Just brutal.
PONGF just getting utterly destroyed.
Man I hope this turns soon. This is putting a hurting on me.
More bad news:
“ATARI: Atari Gaming repositioning on premium games
ATARI: Atari Gaming repositioning on premium games
Increased selectivity in free-to-play games and the discontinuation of non-core activities, aimed at refocusing resources on the market for premium games with higher added value, generates an impairment loss of approximately EUR 5 million and a revision of guidance for the financial year ending March 31, 2021
Paris, July 5, 2021 – Atari, one of the world's most iconic consumer brands and interactive entertainment producers, today announced the implementation of a new strategy for Atari Gaming, the division covering games, VCS and licensing, aimed in particular at devoting new resources to the development of higher value-added premium games. This change in strategy was adopted by the Board of Directors on July 1, 2021, after conducting an in-depth review of the assets and opportunities of the Atari Gaming division.
For Wade J. Rosen, CEO and largest shareholder of the Group : ”Our intent with any gaming experience is to provide accessible and joyful moments of meaningful play. That’s the core of Atari and what binds our history with our future. To that end, we feel that premium gaming is better representative of this type of gaming experience and the Atari DNA. Despite this new focus on premium gaming, we remain committed to growing and expanding our successful free-to-play games that we have in the market. These changes will impact our 2020/21 financials and will generate a 5 million euro write-off for the financial year ending March 31st 2021. This reorientation will give Atari a unique opportunity to be the bridge between the past and the future of video games, and I look forward to driving these changes.”
Atari intends to shift its video game portfolio to premium games for consoles and PC. While the competitive and marketing environment is weighing on the free-to-play business model, five free-to-play games will be discontinued or sold (RCT Stories, Crystal Castles, Castles & Catapults, Ninja Golf, Atari Combat: Tank Fury). Successful games with a loyal user base are not affected. In the area of premium games, Atari intends to leverage its catalog of 200 proprietary games to build a strong pipeline of premium games on all platforms. The first titles are currently in development and the first releases are planned for the financial year 2021/22. This offering will progressively strengthen the content offered on the Atari VCS, whose commercial rollout is ramping up (see press release of June 8, 2021).
In order to efficiently allocate its resources to the success of this new strategy, Atari has decided to exit its direct operations of Atari Casino in Africa. With respect to the TV show business, the Group has taken the decision to focus on licensing agreements and consequently to write down the assets corresponding to TV shows previously produced by Atari. As we approach the closing of the financial statements for the financial year 2020/21, the global review of games and non-core activities resulting from the implementation of the new strategy will generate an impairment of approximately EUR 5 million. As such, Atari is withdrawing its positive net result guidance for the financial year 2020/21. Excluding the accounting impact of these impairments linked to the change in strategy, consolidated net income for 2020/21 would have been positive, as anticipated in the press release of April 6, 2021. The annual results for the financial year 2020/21 will be published by July 31, 2021 at the latest.”
Yeah I am in just over a dollar but I still think this will hit 5 with any news from the company so just going to hold and wait it out.
GLTY
With ya there. I got in around .40 & added in the high .60s. Didn’t think this would ever go below my .55 avg but here we are.
Guess it’s time to add. I bought a damn Atari t-shirt so I’m obligated to hold.
And it looks like this pull back will continue. Damn so ready for this to turn.
Shredded. Like going through a cheese grater.
NFT companies are not going to be big again until the next phase of eth 2.0 in July,
Communication from company, the news is not going to all the brokerages,
Social media campaign need to provide examples of how the new platform they just released looks and works
People are spending more time outside due to the pandemic ending and summer weather
China crackdown on crypto
Atari needs to be outside where the people are.
A lot of Atari games are for people under the age of 10 the company could integrate with other media based companies to provided bridges to Atari’s games maybe partner with education providers as a break from learning
All imo
I honestly thought with the Atari name alone they would be above 5 at this point but I was way wrong on that....
What are 3 good reasons why PONGF is not above $5?
Good news/why it is increasing imo euro shares to be traded in for cash, company suggests opportunity to buy common shares from the public market with the cash:
“ Atari plans to apply for delisting from Nasdaq First North Growth Market Stockholm
Atari plans to apply for delisting from Nasdaq First North Growth Market Stockholm
Paris, June 24, 2021 – Atari SA, (“Atari” or the “Company”) plans to apply for delisting of the Company’s Swedish Depositary Receipts (SDRs), currently traded on Nasdaq First North Growth Market. The formal application for delisting will, however, be submitted to Nasdaq Stockholm no earlier than three months from today.
When adopting the decision on the delisting of the Company’s SDRs, the Board of Directors considered the evolution of trading since the Company listed their SDRs on Nasdaq First North Growth Market in April 2019, noting the low level of trading volumes in the SDRs as well as the small number of current holders set against the Company’s original objectives of developing an active and growing shareholder base in the Nordics. The Company has also considered the additional costs related to maintaining this secondary listing for a company of its size as well as the administrative burden of complying with the listing rules of another market in addition to its home market in France.
The Company wants to remind holders of SDRs that they can remain shareholders in Atari by converting their SDRs into ordinary shares of Atari SA listed on Euronext Paris. In order to effectuate such conversion, the holders must contact the depositary of the SDRs, Mangold Fondkommision. Further information about conversion of SDRs to ordinary shares is available at https://www.mangold.se/aktuella-emissioner/??
More information about the delisting will be provided once the formal delisting process has been initiated with Nasdaq Stockholm.”
Yup! I was an original backer! After some internal upgrades it’s pretty good! But not like a normal console, most people wouldn’t like it
Atari Hotel in Las Vegas - where exactly?
I am just holding a lot of shares at this point and down over 40 percent. Ready for this to get where I think this is headed.
I will be adding if it does.
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