Doubtful many happy MCZ campers?
One begins to wonder why Mr. D would send himself to Needham Interconnect Conference, with a quarterly earnings report like we just have seen.
E3 reports? Nope.
Why would any company name their new computer mouse a RAT?
Mad Catz and Rat are so out-dated marketing terms.
Total operating expenses are down roughly $1.4Mil.
MCZ = Americas (including USA?) down, EU down in sales . . . sounds like a great last holiday sales season?
Headset sales fell + Mice + Key boards.
We have $1 Mil in new debt coupled to less sales . . . sounds like an up and coming company.
MOJO? Maybe some Fire TV accessories sold.
Get realistic . . . who will carry retail space products with declining sales? Even more gloom . . . who would want to buy their dwindling sales products divisions? I know . . . I know . . . Radio Shack! Then, they can use the RAT Shack brand name?
What will be telling in new quarters to come, is will Asian workers buy the products they are hired to manufacture?
Racing Wheel and Remoter Pedals, Fire TV, MOJO, Mobile online use Joysticks, and transfer Decals sales have to save us come next 2-3 quarters.
Do not expect pay cuts, nor stock options sales to end.
The D is destined to ride his pony into the ground and then sell it for pet food?
Now that is real MBA class leadership . . . it doesn't get any better.
I am strongly considering selling and just pulling up a lawn chair and a pop and watching the coming B-Grade 2-star disaster.
We have reached the point wherein the little companies just do now have the $$s to put out and advertise their products. This will not bode well for the future of freedom and plenty for USA. Online website presence and 3-D printing is not going to carry our ball into the future. The bottom 40% are looking at a barter/DIY economy.
