Mad Catz

Adjuvant1

http://phx.corporate-ir.net/phoenix.zhtml?c=69024&p=irol-newsArticle&ID=2136454

http://www.digitaltrends.com/computing/mad-catz-star-citizen-hotas/

"As previously announced, the Company will issue its fiscal 2016 third quarter results following the market close on February 9, 2016, and will host a conference call and simultaneous webcast to discuss the results at 5:00 p.m. ET."

Sounds bad for a business partner, huh.

Erillion

News:

Saitek changed part of its management.

Saitek will announce its fiscal results.

Saitek produces cool gear at high prices.


Thank you for the news.


Have fun

JohnP0100

Unless Saitek has replaced their entire board, this is something way more serious.
To explain to normal people, replacing the entire board points to something really bad and it has to be "Chapter 11" or financial malfeasance.

MadCatz is a public company so whatever the going-on is, it will be made public.

And if it is Chapter 11, there is definitely something else in play here. Replacing the entire board so trading is halted 24 hours and then filing Chapter 11 just kills the equity of the company. This is 'trading 101' stuff.


Hang on a min...

Because we are a smaller reporting company, this Annual Report does not include an attestation report of
our registered public accounting firm regarding internal control over financial reporting. Management’s report
was not subject to attestation by our independent registered public accounting firm.

So an independent accounting firm didn't do an audit on your financials?

Oh........

Adjuvant1

http://finance.yahoo.com/news/mad-catz-reports-fiscal-2016-211500895.html;_ylt=A0LEViSOW7pWhzcA7ngnnIlQ;_ylu=X3oDMTByMjB0aG5zBGNvbG8DYmYxBHBvcwMxBHZ0aWQDBHNlYwNzYw--

Significant restructuring and a whole lot of optimism. Will SC Hotas still be marketed? Probably, for SQ42. This company's future might very well depend on the release of it. Maybe we'll see a collector's edition with included hardware?

Adjuvant1

Spoke too soon. They're actually planning hotas release this calendar year. Now you can be all set, with your Rift, spaceship jpeg, joystick and dreams... for SQ42... sometime in 2017... hopefully.

Adjuvant1

I guess that depends who you are. If you're a consumer who really wanted SC hotas, sure. If you're an employee, shareholder or prospective business partner, not so much.

Adjuvant1

Alot of this specialized controller market is going the way of the dodo and Mad Catz is kinda left holding the bag. If they're smart, they'll get on board with AR, making licensed controller aps for smartphones.

H0urg1ass

The Mad Catz RAT 7 mouse is easily one of the best mice I've ever used.  I had one from the day it came out until it finally gasped it's last click.

The X-50 series joysticks are also some of the best joysticks which you can buy without dropping some serious money on a Warthog.

The really weird thing they did, however, was partnering up to work on Rock Band 4.  Talk about a game that's past its shelf life.  I don't know anyone, not one single person, who bought Rock Band 4, but damn near all of my friends bought all three previous versions.  Whooo booy, are the reviews for this game on Amazon and elsewhere terrible.  Seems like they missed the mark pretty hard when it comes to fans of this style of game.

Talonsin

Why is this posted in the Star Citizen forum, it affects any flight sim.  Maybe the News forum would be a better place for it?

Brenics

Talonsin said:

Why is this posted in the Star Citizen forum, it affects any flight sim.  Maybe the News forum would be a better place for it?

They make the joystick for SC. That would be my first guess.

Kiyoris

We bought a MadCatz controller once, it was the worst piece of plastic junk we ever owned. The buttons got stuck behind the backplate, glue was seeping out from behind one of the screws and the markings wore off after a few weeks.

It was one of their units to play street fighter with. Terrible.