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[thorns]

Haven't seen this mentioned here? If I'm not mistaken this makes them the sixth U.S. third party publisher on the market after EA, Activision, Take-Two, THQ, Midway

They certainly seem ambitious.

http://biz.yahoo.com/bw/050126/265323_1.html

Majesco Prices Public Offering at $75 Million for 6 Million Shares of Common Stock

EDISON, N.J.--(BUSINESS WIRE)--Jan. 26, 2005--Majesco Holdings Inc. (NASDAQ: MJES - News):

* Company to Receive Approximately $46 Million in Gross Proceeds to Fund Future Growth
* Company Approved For Listing on the Nasdaq National Market

Majesco Holdings Inc. (NASDAQ: MJES - News), an innovative provider of diversified products and content for digital entertainment platforms, today announced the pricing of a $75 million public offering comprised of approximately 3.7 million shares issued by the company and approximately 2.3 million existing shares offered by selling stockholders.

The Company expects to receive gross proceeds of approximately $46 million from the offering. The Company will not receive any proceeds from the sale of shares by the selling stockholders. Selling stockholders participating in the offering were required to exercise certain warrants received in the Company's February 2004 private placement. The Company expects to receive additional proceeds of approximately $11 million through the exercise of these warrants.

RBC Capital Markets, JMP Securities, Wedbush Morgan Securities and Harris Nesbitt are acting as underwriters in the offering. The underwriters may also purchase up to an additional 540,000 shares from the Company and 360,000 shares from selling stockholders within 30 days from the date of the prospectus to cover over-allotments, if any.

As a result of the offering, the Company will have 22,104,141 shares of common stock outstanding, excluding the exercise of the over-allotment, if any.

In addition, the Company has been approved for listing on the Nasdaq National Market and will commence trading today under the ticker symbol "MJES."

 

[GDJustin]

I don't think they're a very safe bet. Profits have soared thanks to their GBA Video publishing, but that is likely to dry up in 2005, for obvious reasons.

I think the company itself will be fine, but as far as stock goes... I think it's probably a bit overpriced right now, compared to where it'll be in 12 months.

/armchair investor advice.

 

[thorns]

I don't think they're a very safe bet. Profits have soared thanks to their GBA Video publishing, but that is likely to dry up in 2005, for obvious reasons.

I think the company itself will be fine, but as far as stock goes... I think it's probably a bit overpriced right now, compared to where it'll be in 12 months.

/armchair investor advice.

yes, i wouldn't invest in the stock just now.. activision on the other hand.. *wink*
they have starbreeze developing a game for them next gen, if they can create a few successful franchises, they'll be fine.

 

[vireland]

Didn't Majesco do that (pretty) cool thing where they bought some derelict pink-sheet company which was a backdoor way to become a public company, then applied to be relisted on the Nasdaq since the derelict company now had assets? I thought that was a pretty smart way to avoid a TON of "going public" paperwork, money, time, headaches. Smart.

 

[pj]

I don't think they're a very safe bet. Profits have soared thanks to their GBA Video publishing, but that is likely to dry up in 2005, for obvious reasons.

I think the company itself will be fine, but as far as stock goes... I think it's probably a bit overpriced right now, compared to where it'll be in 12 months.

/armchair investor advice.

Maybe they'll expand into ds and psp (are third parties allowed to do that?) video publishing

 

[teruterubozu]

They put a lot of $$$$ (for Majesco that is) into BloodRayne 2 for the holidays. I don't think that game did very well at all.

They also did a reverse-split on the stock to make it more attractive for institutional buyers.

Advent Rising is probably their biggest release this year, besides maybe Infected for PSP.

I wouldn't jump in this stock until they have a bona fide hit in their hands.