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Has anybody ever bought any Atari stock?


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Haha. I'm getting quoted 14 cents via E-Trade right now (symbol: PONGF), but the markets are closed.

 

Looks like it had a 5 year peak back in March 2021 where it was trading for just over a dollar per share. It hasn't really gone up or down at all in the past year though. Not sure what to make of it. It's not quite a penny stock but at 14 cents a pop you wouldn't exactly be swingin large buying any of it.

 

edit: You know what, screw it. Next time pay day rolls around maybe I'll pick up $20 in Atari stock.

Edited by Radio F Software
Making important financial decisions
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11 hours ago, Radio F Software said:

 

Looks like it had a 5 year peak back in March 2021 where it was trading for just over a dollar per share. It hasn't really gone up or down at all in the past year though. Not sure what to make of it. It's not quite a penny stock but at 14 cents a pop you wouldn't exactly be swingin large buying any of it.

 

edit: You know what, screw it. Next time pay day rolls around maybe I'll pick up $20 in Atari stock.

 

 

I own Atari stock.  There are a lot of good reasons to consider it will grow substantially in value over the next few years.

 

Atari is doing a LOT of projects themselves that will hit the books for the report in June, and the companies they bought should also be beneficial. 

 

Example- I expect the Star Wars game releasing by Atari owned Night Dive Studios on the 28th of this month will sell very well.

 

 

There is also a very good reason why the current share price is down so low.... when Wade took over as CEO, he did a LOT of things- to restructure- shutting down projects, delisting the Nordic market, stopping the VCS production, locking out the U.S. OTC market for over 1.5 years, and holding back communication as well as #'s on the reports to make the company seem a lot worse than it is.

 

Why would he want the investors to be fearful?  So the share price would collapse and he could buy many many millions of shares for himself.

 

He then tried a takeover of the company but failed- as he only offered .19 a share and the investors know it is worth more- so didn't sell for him to reach his goal.

 

After the failed takeover bid- he then launched a convertible bond sale- of which he bought most himself- so he effectively now holds just over 50% of the company himself once the bonds convert to stock.

 

It's logical to think- after spending 10's of millions of his own money... he obviously has the most to gain by making the company value go up.

 

 

The company is in a good place now...and I think many will be surprised at the gross rev #'s on the report in June.

 

 

You can't buy $20 of Atari stock.  Since it is a foreign stock (the F in PongF)- there is a $50 fee for the transaction.

 

So you need to buy in large enough chunks that the $50 doesn't matter.

 

Example- buy 15,000 shares at .14 would cost $2100 plus the $50 = $2150

 

If the price rose from .14 to .16 those 15,000 shares would be worth $2400 so you can see the $50 fee quickly was made up for in fractions of a penny in value rise.

 

If you are lucky enough to catch a drop to .12 and then it hits .16 you are up 25%

 

 

The volume of shares traded in 2024 has been substantially higher than last year.  Interest is growing...people are taking notice of Atari. 

 

I made a chart with a trend line for the last 12 months last week...and once we see what the volume is today, I will update the chart.

 

 

 

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7 hours ago, PowerDubs said:

Example- I expect the Star Wars game releasing by Atari owned Night Dive Studios on the 28th of this month will sell very well.

It's a sale for me for sure. I love Star Wars, I love Star Wars games and I love Nightdive Studios. Their releases are always solid. Not to mention that the game in question is the Dark Forces Remaster, and Dark Forces is a favorite DOS game of mine.

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6 hours ago, PowerDubs said:

You can't buy $20 of Atari stock.  Since it is a foreign stock (the F in PongF)- there is a $50 fee for the transaction.

Ah, I was not aware of that. I've never seen/bought foreign stock before, I'm used to just dealing with the offerings on the NYSE.

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I bought a ton in about 2020, it was 8 cents or so at the time. Got about 12000 shares, and paid about 1k for it. It bobs around 2x what I paid currently. It did hit nearly a dollar a share back in 21, then dropped to about 8 again.

 

I too think Atari is in for great improvement, if they can hold their head of steam, they were doing better when vcs launched, then the pulled the plug and it hurt them. Well see what the next couple of years does for them.

 

If you not got any now, its a good time to get some.

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VCS store sales have increased...but that won't effect the bottom line.

 

*IF* they resume it's production and release worldwide- there is a market for it.

 

Wade is smart.. building many branches.  Which makes sense if you look at how his family has built their business.  Cover all the bases.

 

I agree now is the time to buy.   Remember- Wade paid many millions at .19 euro..  the current price is a discount to us.

 

I have xxx,xxx Atari shares... and plan to continue to buy more...  :)

 

 

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9 hours ago, PowerDubs said:

If the price rose from .14 to .16 those 15,000 shares would be worth $2400 so you can see the $50 fee quickly was made up for in fractions of a penny in value rise.

Penny stocks have the same expected return as other stocks (otherwise investors would flock towards them), so that $50 fee makes a real dent in the expected return for such a small investment. It is a 2.4% commission.

 

They also have a larger spread than bigger stocks. The spread is the percentage difference in price of what you can buy a share for and what you can sell it for. If you buy and immediately sell an Atari share (the ones listed in France), you lose 2.8% (not including the fees).

 

So if you buy 15000 Atari shares, you will immediately have lost over 5%.

 

One penny increase is more than enough to compensate for this, and the share could easily jump up several cents. But it could also easily drop several cents. Being a volatile stock doesn´t make it better, it just makes it more volatile.

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2 hours ago, Video said:

I too think Atari is in for great improvement, if they can hold their head of steam, they were doing better when vcs launched, then the pulled the plug and it hurt them.

You have to separate how Atari was doing, and what the stock was doing. The stock was high at one point because some people had high hopes for Atari´s adventures into crypto stuff. These hopes have since been dashed.

 

They stopped making VCS consoles because they already had more consoles than they could sell without losing money. Pulling the plug was a correct decision.

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2 hours ago, Video said:

If you not got any now, its a good time to get some.

Opinions vary on that. I, for one, would disagree. What is definately certain is that no one knows for sure that investing in Atari is a good idea.

 

Just because the share price is low, it doesn´t mean that the price is low relative to the value. Companies that went out of business usually had very low share prices towards the end.

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2 hours ago, PowerDubs said:

Remember- Wade paid many millions at .19 euro..  the current price is a discount to us.

He offered to pay, but he didn´t pay.

 

While he was willing to pay €0.19 per share, it doesn´t mean he will offer that again, or that it is worth it. Even if he did offer €0.19 per share, recent history suggests people would turn him down again, and then not even the ones who want to sell get to sell (unless the terms are different). The only way (it seems) people would sell at €0.19 is if the share price was much lower than it is now, but then he would offer a lower price.

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Sept 29 2022 Wade purchased 8,992,499 shares at .19 euro

Sept 30 2022 Wade purchased 3,398,116 shares at .19 euro

Oct 3rd 2022 Wade purchased 1,694,932 shares at .19 euro

Oct 4th 2022 Wade purchased 1,058,620 shares at .19 euro

Oct 5th 2022 Wade purchased 2,255,863 shares at .19 euro

Oct 5th 2022 Wade purchased 469,258 shares at .19 euro

Oct 5th 2022 Wade purchased 1,023,782 shares at .19 euro

Oct 5th 2022 Wade purchased 290,117 shares at .19 euro

Oct 18th 2022 Wade purchased 155,610 shares at .19 euro

Oct 18th 2022 Wade purchased 416,026 shares at .19 euro

Oct 18th 2022 Wade purchased 190,259 shares at .19 euro

Oct 18th 2022 Wade purchased 373,977 shares at .19 euro

Oct 18th 2022 Wade purchased 280,524 shares at .19 euro

Oct 25th 2022 Wade purchased 190,121 shares at .19 euro

Oct 25th 2022 Wade purchased 226,054 shares at .19 euro

Oct 25th 2022 Wade purchased 167,852 shares at .19 euro

Oct 25th 2022 Wade purchased 805,569 shares at .19 euro

Oct 31st 2022 Wade purchased 206,098 shares at .19 euro

Oct 31st 2022 Wade purchased 497,710 shares at .19 euro

Oct 31st 2022 Wade purchased 199,524 shares at .19 euro

Oct 31st 2022 Wade purchased 333,247 shares at .19 euro

Oct 31st 2022 Wade purchased 206,098 shares at .19 euro

Oct 31st 2022 Wade purchased 497,710 shares at .19 euro

Oct 31st 2022 Wade purchased 199,524 shares at .19 euro

Oct 31st 2022 Wade purchased 333,247 shares at .19 euro

Nov 4th 2022 Wade purchased 407,120 shares at .19 euro

Nov 4th 2022 Wade purchased 378,563 shares at .19 euro

Nov 8th 2022 Wade purchased 190,217 shares at .19 euro

Nov 8th 2022 Wade purchased 693,797 shares at .19 euro

Nov 8th 2022 Wade purchased 265,120 shares at .19 euro

Nov 11th 2022 Wade purchased 244,045 shares at .19 euro

Nov 11th 2022 Wade purchased 90,535 shares at .19 euro

Nov 15th 2022 Wade purchased 277,460 shares at .19 euro

Nov 15th 2022 Wade purchased 334,373 shares at .19 euro

Nov 15th 2022 Wade purchased 104,694 shares at .19 euro

Nov 18th 2022 Wade purchased 324,166 shares at .19 euro

Nov 21st 2022 Wade purchased 133,498 shares at .19 euro

Nov 21st 2022 Wade purchased 141,487 shares at .19 euro

Nov 23rd 2022 Wade purchased 530,614 shares at .19 euro

Nov 23rd 2022 Wade purchased 196,741 shares at .19 euro

Nov 25th 2022 Wade purchased 510,073 shares at .19 euro

Nov 25th 2022 Wade purchased 151,088 shares at .19 euro

Nov 29th 2022 Wade purchased 140,194 shares at .19 euro

Nov 29th 2022 Wade purchased 130,148 shares at .19 euro

Dec 19th 2022 Wade purchased 187,035 shares at .19 euro

 

 

May 2023 Wade bought 195,163,398 convertible bonds at .15 euro that will convert to stock shares on July 21st 2026 giving him controlling share of the company.

 

 

 

Wade spent many many millions of his own money to buy stock in Atari- at a substantially higher price than a person can buy the shares for now.

 

Logic dictates he intends on making that share price climb.

 

Now is the time to buy $ALATA (euro) $PONGF (U.S.)

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2 hours ago, PowerDubs said:

Sept 29 2022 Wade purchased 8,992,499 shares at .19 euro

Sept 30 2022 Wade purchased 3,398,116 shares at .19 euro

Oct 3rd 2022 Wade purchased 1,694,932 shares at .19 euro

Oct 4th 2022 Wade purchased 1,058,620 shares at .19 euro

Oct 5th 2022 Wade purchased 2,255,863 shares at .19 euro

Oct 5th 2022 Wade purchased 469,258 shares at .19 euro

Oct 5th 2022 Wade purchased 1,023,782 shares at .19 euro

Oct 5th 2022 Wade purchased 290,117 shares at .19 euro

Oct 18th 2022 Wade purchased 155,610 shares at .19 euro

Oct 18th 2022 Wade purchased 416,026 shares at .19 euro

Oct 18th 2022 Wade purchased 190,259 shares at .19 euro

Oct 18th 2022 Wade purchased 373,977 shares at .19 euro

Oct 18th 2022 Wade purchased 280,524 shares at .19 euro

Oct 25th 2022 Wade purchased 190,121 shares at .19 euro

Oct 25th 2022 Wade purchased 226,054 shares at .19 euro

Oct 25th 2022 Wade purchased 167,852 shares at .19 euro

Oct 25th 2022 Wade purchased 805,569 shares at .19 euro

Oct 31st 2022 Wade purchased 206,098 shares at .19 euro

Oct 31st 2022 Wade purchased 497,710 shares at .19 euro

Oct 31st 2022 Wade purchased 199,524 shares at .19 euro

Oct 31st 2022 Wade purchased 333,247 shares at .19 euro

Oct 31st 2022 Wade purchased 206,098 shares at .19 euro

Oct 31st 2022 Wade purchased 497,710 shares at .19 euro

Oct 31st 2022 Wade purchased 199,524 shares at .19 euro

Oct 31st 2022 Wade purchased 333,247 shares at .19 euro

Nov 4th 2022 Wade purchased 407,120 shares at .19 euro

Nov 4th 2022 Wade purchased 378,563 shares at .19 euro

Nov 8th 2022 Wade purchased 190,217 shares at .19 euro

Nov 8th 2022 Wade purchased 693,797 shares at .19 euro

Nov 8th 2022 Wade purchased 265,120 shares at .19 euro

Nov 11th 2022 Wade purchased 244,045 shares at .19 euro

Nov 11th 2022 Wade purchased 90,535 shares at .19 euro

Nov 15th 2022 Wade purchased 277,460 shares at .19 euro

Nov 15th 2022 Wade purchased 334,373 shares at .19 euro

Nov 15th 2022 Wade purchased 104,694 shares at .19 euro

Nov 18th 2022 Wade purchased 324,166 shares at .19 euro

Nov 21st 2022 Wade purchased 133,498 shares at .19 euro

Nov 21st 2022 Wade purchased 141,487 shares at .19 euro

Nov 23rd 2022 Wade purchased 530,614 shares at .19 euro

Nov 23rd 2022 Wade purchased 196,741 shares at .19 euro

Nov 25th 2022 Wade purchased 510,073 shares at .19 euro

Nov 25th 2022 Wade purchased 151,088 shares at .19 euro

Nov 29th 2022 Wade purchased 140,194 shares at .19 euro

Nov 29th 2022 Wade purchased 130,148 shares at .19 euro

Dec 19th 2022 Wade purchased 187,035 shares at .19 euro

I didn´t know that. I thought you meant he had bought shares as part of the takeover offer.

 

Still, the share price was much lower than that both before he started buying and after. So even though he thought it was worth buying the shares at €0.19 (which may be simply because he thinks it is fun to own a lot of Atari, not because he thought it was a good investment), the market disagreed.

 

Who is more likely to be right about what Atari is worth, a large group of investors or one guy who probably got his money from daddy to play with?

 

2 hours ago, PowerDubs said:

Logic dictates he intends on making that share price climb.

 

Now is the time to buy $ALATA (euro) $PONGF (U.S.)

First of all, there is a high chance he wants to buy more of the company. Making it in his interest to make the share price go lower, according to you. He had a lot of shares in Atari before he, according to you, intentionally made the share price go down to buy more at a low price. What is to stop him from doing it again?

 

You can´t have it both ways. He can´t both want the stock to go down to buy more, and want it to go up because he has many of them. Which is it? Is he done buying stock now? Or maybe you think it is impossible for him to make the stock go further down?

 

Second, wanting the share price to go up, and being able to, are two different things.

 

The bottom line is that Atari has done very badly, both in share price and in financial results since Wade took over. Any potential investors should be aware of a considerable risk of losing all their money if they invest in Atari. There is of course a considerable potential for profit too.

 

Stating categorically that investing in Atari is a good idea could actually make you liable if investors lose money based on your advice.

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Um, they wouldn't be buying out tons of third party stuff, and making multiple systems if they weren't intending to improve. I stick to my statement of it will go up (or at least their hoping it will) stocks aren't volatile if a company isn't doing anything.

 

On vcs, atari stopped making it, because of overstock, sure were in agreement on that, but for different reasons. The vcs was in over stock [i]because[/i] it wasn't selling. Partially due to not being available in stores (outside overpriced scalper shit, I never saw it sold outside Atari themselves) but also because no digital download only system has ever done well. Couple that with high price (its original msrp was $500, and were not talking a well known big name company with lots of backing and consumer desire) and you had/have a system that I believe the average Joe knew wasn't ever going to do well. Its part of why I've said many times, rework it (at this point that includes making it more powerful as well) and add some sort of media port, and I believe, while slow moving, it could do well, over a few years. As much as big companies want download to be a standard, and big names do well, the average consumer isn't ready to fully support a download only system.

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3 hours ago, Lord Mushroom said:

The bottom line is that Atari has done very badly, both in share price and in financial results since Wade took over. Any potential investors should be aware

 

The only thing investors should be aware of is that you have no idea what you are talking about.

 

I follow every possible minutia every single day...for years.

 

The only reason at all that 'Atari has done very badly both in share price and results' is because Wade wanted it to appear so- so he could buy control of the company for pennies on the dollar.

 

 

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34 minutes ago, Video said:

Um, they wouldn't be buying out tons of third party stuff, and making multiple systems if they weren't intending to improve.

They do intend to improve, but so far they have nothing to show for financially.

 

37 minutes ago, Video said:

stocks aren't volatile if a company isn't doing anything.

True, but doing stupid things is worse than not doing anything.

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19 minutes ago, PowerDubs said:

The only reason at all that 'Atari has done very badly both in share price and results' is because Wade wanted it to appear so- so he could buy control of the company for pennies on the dollar.

It is limited what he is allowed to do. How did he cook the books to make the losses for the last reported half year (€6.6 million) higher than the revenue (€6.4 million)? Research and development was €3.3 million.

 

In fact, if he wanted to, he could do more to make the share price go down. He could stop lending money to Atari. He could publicly be more worried about the big losses. He could announce they are facing a possible bankruptcy in 1-2 years.

 

If anything, it seems to be all sunshine and puppies when he is talking about Atari. He is talking the share price up, not down.

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5 hours ago, Lord Mushroom said:

It is limited what he is allowed to do. How did he cook the books to make the losses for the last reported half year (€6.6 million) higher than the revenue (€6.4 million)? Research and development was €3.3 million.

 

In fact, if he wanted to, he could do more to make the share price go down. He could stop lending money to Atari. He could publicly be more worried about the big losses. He could announce they are facing a possible bankruptcy in 1-2 years.

 

If anything, it seems to be all sunshine and puppies when he is talking about Atari. He is talking the share price up, not down.

In a relatively recent podcast, Wade admitted the company wasn't profitable. I'm neutral on the whole stock thing, what someone wants to invest their money in is up to them. From my own observation, Wade has put a lot on the line for Atari: his own family money, AtariAge, Nightdive Studios and now Digital Eclipse. I think 2024 will be a crucial year as to whether they become profitable. If Atari 2600+, 400Mini, and a System Shock console release can't get them at least in black, I'd be a little concerned.

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On 2/9/2024 at 3:11 PM, PowerDubs said:

Example- I expect the Star Wars game releasing by Atari owned Night Dive Studios on the 28th of this month will sell very well.

I expect it as well but... Atari will indeed make money, and maybe shareholders will have their, well, share if Atari decides to do that, but it doesn't necessarily mean the stock will rise. Actually, it should have already risen in anticipation of that release, that's usually how it works in stock market.

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16 hours ago, Lord Mushroom said:

It is limited what he is allowed to do.

 

He has held off #'s.  Example- the 2600+ presales.  Although that should have been counted for the period ended Sept 30...they weren't and will be on the report this coming June instead.

 

He has held off news.  Like the Playmaji news last July saying 'minority investment'... which I immediately found odd that they chose that phrasing, and I posted 'even 49% is minority'....and sure enough four months later in the December report showed it to truly be 49%!!  (diluted, currently 53% undiluted).

 

 

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5 hours ago, roots.genoa said:

Actually, it should have already risen in anticipation of that release, that's usually how it works in stock market.

 

Here is the anticipation....share volume traded for the last 12 months.

 

Substantial rise since the start of this year... trending 3x and rising.

 

 

Atari$PONGFstocksharetradetrendlineFeb112024.jpg

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2 hours ago, PowerDubs said:

He has held off #'s.  Example- the 2600+ presales.  Although that should have been counted for the period ended Sept 30...they weren't and will be on the report this coming June instead.

Fair enough. But investors are aware of the fact that the 2600+ was going to be launched, so it would only make sense if presales figures were higher than what the market expected.

 

But even if these figures had been included, Atari would still have had a huge loss, and then it would have been at a time they should have done better than average.

 

We don´t know the 2600+´ sales figures, but as you have pointed out in another thread, our best guess is about 60.000 by December. Let us be generous and say presale figures were 50.000 and that Atari makes a profit of €30 per console. That is €1.5 million, making the loss €5.1 million. Still a horrible result.

 

4 hours ago, PowerDubs said:

He has held off news.  Like the Playmaji news last July saying 'minority investment'... which I immediately found odd that they chose that phrasing, and I posted 'even 49% is minority'....and sure enough four months later in the December report showed it to truly be 49%!!  (diluted, currently 53% undiluted).

But he didn´t buy any shares or convertible bonds in that four months period, so unless he was considering investing more in Atari in that period and refrained, he had nothing to gain from underplaying the minority stake. And the report also revealed the high price of €4.6 million (I think), which doesn´t necessarily make the purchase good news.

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