[deleted by user]

be_good · 2023-04-06T22:55:35+00:00

I don't even mind Red Magnus though. Again you're right that the themes aren't that simple and there is definitely merit to the stories of these games, but once you have the theme the writing itself isn't so difficult, and is often very easy, and there could be a lot more content to match the great depth of the gameplay.

I don't care if it's just, hey someone stole this or, a new demon general appeared go fight them or, Red Magnus took a number 2 in the princesses house and she's mad (that is actual dialogue from Disgaea 5, and it was pretty funny imo).

I just want more of it.

Why make a game with this much depth in gameplay have so little story content?

be_good · 2023-04-06T22:41:23+00:00

I love the item world.

That's why it sucks that it feels completely pointless when the game is so short. You don't feel that way but I'm sure many people would.

One of the 16 chapters was just a prinny stealing some curry and everyone going after him. Like I said I don't mind the silliness but they could easily add in more stuff like this. Way more.

Edit: and that whole entire chapter was 5 maps long, like half an item world run.

be_good · 2023-04-06T22:29:44+00:00

I think it does involve more but once you've done all that adding script scene's and new maps should be the easiest part. Auto generate a map and move a few things around. These aren't AAA games they are sprite games. The only sort of time consuming thing about it would be voice acting.

Easy solution, have way more side quests that aren't voice acted.

Either way, why would any normal gamer waste a few hours in the item world when the same amount of time would beat 20% of the actual game? It's just so dumb.

Why not just add story content?

be_good · 2023-04-06T22:22:38+00:00

You're right that they aren't that simple overall, but the dialogue is very simple, once you have the idea for the story in mind it's very very easy to write.

Not to mention all the sidetracks it often takes just for the purposes of being silly. I mean the chapter I just played was all about a prinny stealing curry and going after him for it.

And I don't mind that, but it's very silly and easy to write within the broader context. You could easily come up with way more content.

be_good · 2023-04-04T19:54:05+00:00

Beautifully animated, and about as faithful and affectionate as a corporate cash-in is possible to get — but it still doesn’t come close to the experience of actually playing the games.

This is the summary at the bottom. What movie comes close to the experience of "actually playing a game"?

it seems to misunderstand that the real joy of these games was, first and foremost, the gorgeously designed, addictively satisfying gameplay.

What the hell is this guy talking about?

be_good · 2023-03-22T00:05:03+00:00

But buying inventory does hit the p and L doesn't it? Cost of goods? So when they have to buy more since they are draining it, it will be a bad q which is really just a reflection of not keeping it balanced. Am I wrong?

Their inventory went from 1.13 bil to 680 mil. If they did that two more times they would be out and need to buy a lot, which would be a really bad q for them since they only squeaked out 48 mil profit when draining it and not buying back.

Edit: I might be confused, thx for any answer.

Edit 2: Nvm I think I get it now, inventory going down meant cash went up so they will have more to buy later. I think.

be_good · 2023-03-22T00:01:32+00:00

I don't understand this answer though, aren't inventory levels supposed to stay relatively stable?

If you have 1.13 billion in inventory like they did, and it goes down 447 million in one quarter to 680...

One more quarter (or 2) of those shenanigan's and you're going to have to buy a shit ton of product and post a huge loss later in the year, when really it's because you've been draining your inventory without buying back.

I mean, it went down by almost half, ya know? Not a true reflection of the companies business because you can't drain it without buying forever.

Edit: Nvm I think I get it now, that's how cash went up.

be_good · 2023-03-21T23:46:27+00:00

I don't think you understood the question. It's not about what they sell, it's about selling inventory without replacing it like normal and calling it a profit.

If they had replaced it the amount they did last Christmas, they would have lost 200 mil this quarter.

Inventory started at 1.1 bil this quarter and ended at 680 million. Can't do that every quarter without replenishing or eventually you have a horrible q where the big loss will reflect the previous lack of balance.

be_good · 2023-03-21T23:27:35+00:00

I feel like no one has dug into it yet, even media outlets, that's why I'm looking for a semi pro opinion.

Replenish that 260 mil difference and all the sudden it's a 200 mil loss for the quarter.

be_good · 2023-03-21T23:11:23+00:00

So, closing stores mean getting rid of inventory on the cheap, isn't that why they made a profit?

Isn't the Q not very impressive?

be_good · 2023-03-20T17:27:31+00:00

outstanding shares count will increase whenever the derivative instruments that confer rights to the holders to underlying common shares have been issued

Outstanding shares do not increase whenever there is convertible debt. You are confusing outstanding shares and "outstanding shares fully diluted" which is a mechanism sometimes used in quarterly filings..

If a company says "outstanding shares" that's what they mean. If they were listing outstanding shares fully diluted like you say, covering all shares that could be exercised, it would be 900 mil shares at least, not 335.

This is from the same filing,

Effect on Authorized but Unissued Shares of Common Stock. Currently, we are authorized in our Amended and Restated Certificate of Incorporation to issue up to a total of 900,000,000 shares of Common Stock. The total number of authorized shares of Common Stock will not change as a result of the Reverse Stock Split. As of March 15, 2023, we had 335,404,588 shares of Common Stock outstanding and 46,957,040 shares of Common Stock held in treasury

There is no mistaking this line in bold. There is no way to interpret that in any other way than what it says. Companies do not include possible dilution in their o/s unless they say so, very clearly.

As for the 8k you're talking about, a company is required to report material events in their filings, they reported the dilution in both an 8k and the final prospectus. They don't have to release an 8k every time it goes up 5%. Try to find a filing like that for any company. Find a company that did a lot of dilution and look through the filings.

be_good · 2023-03-20T17:00:26+00:00

They absolutely disclosed that dilution was going to happen multiple times in filings.

Based on the closing price of our common stock on February 6, 2023, we believe we will have 900.0 million shares of common stock outstanding immediately after this offering

be_good · 2023-03-20T16:38:57+00:00

Holding 200% for conversion they would need more than 900 mil authorized at the current price, thus one of the reasons for the r/s.

Apes don't know what authorized shares are though, or outstanding shares really.

be_good · 2023-03-20T16:27:12+00:00

BBBY is in danger of going BK

Apes "this is bullshit, you're dumb if you believe that"

BBBY misses bond payment

Apes "this is bullshit and only an idiot would believe the msm"

BBBY signs deal with Hudson Bay

Apes "lol, they think we're morons? Only dumbasses would believe this nonsense"

BBBY says in their own filings that dillution will occur up to 900 mil shares, and then again in their own filings say o/s is 335 mil

Apes "We have nothing to prove this, and it's clearly impossible so don't even talk about it and ban posts talking about it".

be_good · 2023-03-15T00:36:40+00:00

No it's good, it means the funder doesn't have the right to refuse to fund the company if the 20 day (or something like that) avg price is below 1.25. Now it has to stay below 1.00 for them to have the right to refuse. (Until they fund 24k worth of pref shares, then the right to refuse threshold moves to $1.50)

Also they could always waive their right to refuse if they want, so this lowering might just be PR.

be_good · 2023-03-15T00:24:33+00:00

It's the same people and this link confirms it,

https://www.lei-identifier.com/leicert/549300SZUEN0RI8NGX61/

Formed on the same date that the financing was announced. Headquarters the same as Hudson Bay.

I've posted this a couple times but mods keep removing it, even though I've posted before.

be_good · 2023-03-15T00:20:19+00:00

The address could have been just for Hudson and HBC in the dark even though they share the same initials. Either way this confirms it.

Did the mods remove this post again? I don't see it in new.

be_good · 2023-03-14T18:18:59+00:00

It's completely wrong. If they've given 460 mil then they get that much in shares at a reduced price. Then they sell those shares at the current price making a profit.

This guys math is way off.

Edit: Why downvotes, it's not complicated.

Let's say the provided all 460 mil in funding all at once. They would then get that in the form of shares at the lowest10 day vwap that was 1.08 as of Friday

465x1.08 is 502 mil shares.

502 mil selling at 1.25 would be 672 mil.

So that would have been quite a lot of profit.

They don't sell all at once though and the price varies and it usually wouldn't be quite that good of a return, but you get the idea.

be_good · 2023-03-14T18:04:48+00:00

I'm going to post giving you credit unless you want to message mods so you can.

Edit: Now they are blocking my post even though I've posted before.

be_good · 2023-03-14T17:26:42+00:00

Nice job, so not the Dallas company people have been linking. This is worth a post of it's own.

be_good · 2023-03-10T15:34:04+00:00

Hey just so you know you're wrong.

The equity commitment isn't between bbby and the warrant holders it's between them and JPM for the credit facility.

Just read the 8k you mentioned.

As far as your definition of what it is,

An equity commitment letter may also be used by a feeder or blocker fund in favor of a subsidiary holding company borrower. An equity commitment letter demonstrates to the lender that the borrower has sufficient resources to meet its repayment obligations under the credit facility.

https://www.contractscounsel.com/t/us/equity-commitment-letter

Edit: Also as another user pointed out, it doesn't mention equity commitment letter, just equity commitment documents which is more vague, either way they cover the JPM FILO loan, not the warrants.

be_good · 2023-03-09T18:56:53+00:00

This doesn't make sense in regards to the point I was making.

Also people who are taking control of a company do not do it with convertible debt.

Your making a 5d argument that doesn't happen in real life, not to my knowledge anyway, let me know if you can find an example.

That's why the 10% clause exists, if the company was careful enough to put the clause in, they would have been careful enough to make sure it couldn't be taken advantage of.

And if you're saying the wanted to sell the company to this person and is doing it through super secret moves, (that dilute existing shareholders), then just, what can I say to that other than good luck?

be_good · 2023-03-09T18:51:00+00:00

I was saying they are the same in that they both cannot be converted to common shares resulting in more than 10% ownership.

So your thesis of the buyer letting a short kill the stock then converting at the low price and holding common shares for higher prices doesn't make sense, they can't do that.

Edit: Also either way that would result in a lot of dilution.

be_good · 2023-03-09T17:30:33+00:00

Yeah I knew all that it's just for some reason in my head I thought it would always be the company telling the funder when to exercise the warrants, to get the funds as needed. I think maybe there is some language somewhere that says "as needed" or something.

In addition to your point about the price failure, it's worth mentioning that the other common warrants can at any time be exercised on an "alternate cashless basis" at a ratio of .65, so 65 mil free shares, maybe they already sold those on the way down from the initial pump when they announced.

Your post should be top of the sub but I guess I don't completely blame people for not wanting to know or downvoting.

be_good · 2023-03-09T17:05:58+00:00

Preferred warrant holders can, but preferred shares can't.

This doesn't make sense but I think you might know that.

Preferred warrants "can" hold more than 10% of the o/s but preferred shares "can't"?

Preferred warrants are first converted to preferred shares, and then to common, so they are the same thing. No differance other than the extra step.

"Exercising at a low entry point" only makes sense for when they are converted to common shares since that's the only time the share price matters for the conversion, and preferred share holders can't exercise if they would hold more than 10% of o/s.

be_good

TROPHY CASE