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Ive been an active trader/ investor for over 20 years. I have a bachelors degree in both accounting and business administration. Currently I assist in managing multiple investment firms with various long term investment decisions.
  • MYGG The Next Activision ATVI In Its Infancy 0 comments
    Aug 20, 2014 8:09 PM | about stocks: ATVI, MYGG

    MyGo Games - Reality check.. This company could very well become the next Activision in the video gaming industry.

    The going public process was just completed via a reverse take over into OBJE. The ticker symbol was then changed to MYGG to reflect the proper company name and brand. What makes this really interesting is the fact that this new venture is helmed by gaming industry leader Danny Hammett. Ring any bells??

    The Genius Behind MyGo Games, MYGG

    My Go Games was started by industry leader, Danny Hammett. Its interesting to note that Mr. Hammett has the distinction of being the only individual to hold executive positions in both Vivendi/Blizzard and Activision. The two companies later merged and formed the world's largest gaming company on the planet which went on to publish the notorious Call Of Duty Series, one of the most actively played series of games in existence.

    Until 2003 Mr. Hammett honorably served as President of Activision Value and Executive Vice President of Activision. At that time Activision was the #3 worldwide electronic sports and outdoor leisure action games/simulation entertainment publisher and producer, generating over $800-million plus in revenues with a $1.6-billion-dollar market cap.

    While at Activision Mr. Hammett personally created many popular brands like Cabela's Big Game Hunter, whose franchise alone has generated over $2B in sales since its creation and is the longest standing IP and brand in the (NASDAQ: ATVI) library of products. During his time at Activision Danny also created the EXtreme Sports Series, precursor to the HO Pro SERIES athletes with Tony Hawk, Matt Hoffman, Sean Murray and others. Mr. Hammett was also successful in securing the major partnerships with Major Movie studios and IP to include Marvel, Disney, DreamWorks, and Pixar.

    Its my strongest opinion that Mr. Hammett's vision and talents will make my GO games the next leader in the VW gaming industry.

    Quarterly Earning Calls

    I anticipate this OTC company to have quarterly earning calls scheduled in the pipeline and according to an interview with Danny MyGo Games will be treated like a NASDAQ company until in actually becomes one. Mr. Hammett stated that he has only worked with NASDAQ companies in the past, further adding that MYGG will be no different than his previous endeavors. With that being said its important to note Danny's impeccable track record for success.

    OTC companies with earning calls are pretty much unheard of. Then again it's important to note that the reverse take over has just taken place with an OTC entity which I believe is the sole reason (OTCQB: MYGG) is an OTC reporting company for the moment. With Mr. Hammetts incredible track record and industry connections this venture could very well be the next Activision in the making.

    NASDAQ Requirements:

    $1mm revenue
    $4.00 per share
    mygoholdings.com

    Disclosure: The author is long ATVI, MYGG.

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