Replies to post #1407 on MCZ Mad Catz Interactive Inc (MCZ)

[fishhunter]

The 750,0000 shares you mentioned were options with a strike of 21 cents. Not open market buys.

Mad Catz sold one of their brands to Logi for $13mil cash which wipes out all of Mad Catz' debt so that together with the RB4 buy out puts them in a decent cash situation and in a great situation for the upcoming Holiday season.

MCZ is worth about 50cents today, not 23cents.