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Mad Catz at Risk of Being Delisted from the NYSE

btarunr

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Gaming peripherals maker Mad Catz is an NYSE-listed company as Mad Catz Interactive, Inc. (NYSE: MCZ), a status it brandishes in most of its press-releases. All is not well for the company, as it runs the risk of being delisted on account of low selling share price. The stock exchange recently served the company with a notice that unless it improves its share price over the next six months, it faces delisting.

The MCZ stock is currently selling at a little over 0.15 a share. The company has been bleeding money, with underwhelming sales, a $11 million loss on its decision to co-publish "Rock Band 4" with Harmonix, and laying off 37 percent of its workforce. The company also recently sold off its subsidiary Saitek, which specializes with flight and motorsport simulator peripherals, to market leader Logitech. Mad Catz, on its part, is looking to raise stock price by performing a "reverse stock split," in an attempt to consolidate (lower) the number of shares, and raise share price, to stay listed.



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I can't think of a company more deserving of it either.
 

INSTG8R

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Looks like one big marketing fail.
 
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Looks like one big marketing fail.

they do a lot of stuff consoles retro gaming marketing... If they would just center on mouses they would WIN!

(I just rescued my RAT 7 mouse, cleaned it and it rocks, what a product! Also got a RAT1 today and it is a cool and effective budget mouse! If my RAT 7 would die I'd consider their Pro mouse, it seems to be a sex toy!
 
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They have a hot following of arcade/fighting sticks and users. I dont think that's gonna help them much at all. Everyone who buys them swaps out every part even the circuitry...

http://www.madcatz.com/fightsticks/
 

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What the maker of cheap chinese knock off products isn't making any money?
 

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I can't think of a company more deserving of it either.
I remember having 2 Sega Dreamcast controllers come to me broken from them. The final one I bought years later was perfect.
 
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