I spoke to David Pasquale, investor relations rep. at Hudson Stone yesterday. He said that the Tamagotchi CD-ROM failed miserably in Japan because of what Bandai thinks is a lack of graphics and animation, not because the CD was undesirable. Therefore they signed the partnering agreement with 7th level. They "hope" to have it available by September, he said delays do occur, though. Pasquale, also said the price rise is NOT because of the Bandai/7th level agreement, but rather the markets perception of confidence in that 7th level management is trying to get themselves out of this whole.
He said given the failure in Japan, success is questionable even with the expertise of 7th level.
He also stated that the agreement is partnering therefore 7th level and Bandai will share in profits and losses but exact % is not known yet.
I guess I was wrong, this is not as big as I originally thought. The private estimates I heard before were from hype artists, Pasquale said that both companies have no such estimates and have not made them public.
I took a loss and was left holding the bag. I hope others here can make some money on SEVL, but as off now I think this issue is dead and will test the lower 2's soon.
Good luck |
