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User information for Mike Fisk

Real Name Mike Fisk   
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Nickname killer_roach
Email Concealed by request
ICQ None given.
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Homepage None given.
Signed On Oct 31, 2002, 20:40
Total Comments 1465 (Pro)
User ID 15013
 
User comment history
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News Comments > THQ in Default on Credit Line
7. Re: THQ in Defaults on Credit Line Nov 11, 2012, 15:48 killer_roach
 
ASeven wrote on Nov 11, 2012, 15:23:
This pretty much. At the rate events are happening I'm even starting to question if THQ won't publicly declare bankruptcy before the end of the year.

That credit line they defaulted on was $50 million... their market cap is just under $10 million, and only because the stock's actually come up a bit off its lows (at which point, around mid-week, they were about a $7.5 million company - or about 1/550th the market cap of EA, or 1/1500th(!) the size of Activision Blizzard).

Short of trying to sell IP and/or studios, I don't see how they dig themselves out of this hole, especially considering their recently announced delays. And even that likely won't be enough to do anything beyond get them past the short run.
 
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News Comments > THQ in Default on Credit Line
3. Re: THQ in Defaults on Credit Line Nov 11, 2012, 15:12 killer_roach
 
NewMaxx wrote on Nov 11, 2012, 14:47:
Companies default all the time. Sometimes it's news, sometimes it's not, but of course they have to report it to the stock exchange. I don't think this was an unexpected event in any regard. There will be a restructuring/renegotiation of debt, and the commission of future milestones, at which point there might be another renegotiation, and so on.

The modern world of finance has its roots a thousand years back (feudal kings did this all the time), but to spare the public a history lesson, essentially imagine THQ as a nation-state who borrows money from a rich trade state so that it can field an army with the intent to expand its domain. It fails to meet this goal and is thus unable to pay as anticipated, but still is able to pay something and still seeks to eventually achieve its goals and avoid the alternative of bankruptcy.

Except THQ is hemorrhaging cash - they're losing money greater than their market cap on a quarterly basis, with no real pathway back to profitability. With a default comes likely downgrades to their credit rating as creditors worry about their ability to satisfy current debt obligations (if their debt instruments aren't C-rated already, they likely will be now), which likely will constitute increased costs to their debt service, further hastening their debt spiral.

Your argument only holds water in the situation where THQ had a clearly outlined path back to profitability, which they don't. This default isn't a temporary setback - it's a symptom of further underlying issues. Without even a current accounts surplus on the horizon (much less an overall profit), it's only a matter of time before the sharks start to circle (if they haven't already).
 
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News Comments > BioShock Free on GameFly
15. Re: BioShock Free on GameFly Nov 9, 2012, 19:03 killer_roach
 
Ant wrote on Nov 9, 2012, 11:15:
Why do we have to give them our billing data when signing up? No thanks, GameFly!

They still had my billing info from the Direct2Drive days... the card no longer exists, but it still went through. Huge success.
 
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News Comments > Evening Mobilization
1. Re: Evening Mobilization Nov 9, 2012, 18:28 killer_roach
 
We'll see on AT&T's plans for LTE expansion - where I'm at right now they only have spotty EDGE coverage, same as T-Mobile (while Verizon has LTE here, just so you know this isn't a desolate wasteland).  
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News Comments > Morning Consolidation
9. Re: Morning Consolidation Nov 9, 2012, 18:07 killer_roach
 
Nucas wrote on Nov 9, 2012, 16:54:
while i admire a lot of the design aesthetics of samsung, i've heard the sony HX929 called the best looking TV available.

sony is working to bring their tv products back in line with their brand reputation after cheapening up during the recession in a bid to try to keep sales going.

still doing better than sharp, at least.

Haven't seen that particular Sony set yet, but if it's as good as the hype, I'll be happy to eat my words.

But saying they're doing better than Sharp is simply saying they're not doomed quite yet.
 
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News Comments > Death Rally Free Weekend
5. Re: Death Rally Free Weekend Nov 9, 2012, 17:41 killer_roach
 
Sho wrote on Nov 9, 2012, 16:11:
I played it on my Android tablet for two hours or so in bed the other day, and while it's not exactly a super-engrossing experience or anything, it was fun and kept me going with well-dispensed rewards and stuff to aim for.

Pretty much this. It's a good few hours' worth of gameplay, and the price is good for what the game offers. Ultimately you're going to wish there was more to it, but you can't find too much fault at the price it goes for.
 
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News Comments > Morning Legal Briefs
6. Re: Morning Legal Briefs Nov 9, 2012, 15:57 killer_roach
 
Smellfinger wrote on Nov 9, 2012, 13:41:
The DMCA has allowed corporations to censor the internet since the late '90s. When is America going to be sanctioned?

Technically, corporations can't censor anything. What DMCA does, however, is give corporations the power to bug government to censor the Internet on their behalf.

Which is why, for all the talk of regulation supposedly choking off American enterprise, it keeps going on - the people already in the game love it, because the more regulated an industry is, the less likely new competition is to come in (and, if they do, the more likely it is they can drive them out through legal means).
 
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News Comments > Morning Consolidation
5. Re: Morning Consolidation Nov 9, 2012, 15:55 killer_roach
 
strong placebo wrote on Nov 9, 2012, 13:33:
15 years ago if someone said SONY would fail, I would have thought it very unlikely.

I agree with Beamer -- a good plasma out does a good LCD anytime. The grays and blacks on a plasma are hard to surpass. the cheaper plasmas are a different story though.

Biggest issue with plasmas anymore is weight and power consumption. No matter what you do, a good plasma's going to use several times more juice than an LED.

But yeah, Sony's TV business is what's making them head off the rails, mostly borne out of an identity crisis in their market positioning. They're not high enough quality to compete with Samsung, but they're not cheap enough to compete with Philips, LG, or Vizio. They're just occupying a weird middle ground that doesn't seem to make them particularly palatable to anyone.
 
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News Comments > CoH2, Metro Last Light, and South Park Game Delayed
34. Re: CoH2, Metro Last Light, and South Park Game Delayed Nov 6, 2012, 11:36 killer_roach
 
Parallax Abstraction wrote on Nov 6, 2012, 09:20:
ASeven wrote on Nov 6, 2012, 08:39:
Apparently the CEO wants to put THQ for sale.

I remember hearing a while back (maybe on the Giant Bombcast) that THQ's been quietly up for sale for a long time now but no one's interested in the company (and their debt), just the IPs and maybe a couple of the studios. At the rate things are going, those parties can just wait until they're bankrupt and get them for practically nothing. Some people on the SaveTHQ.com forums are also speculating that they'll get scooped up by a private equity firm which likely means the games in development will come out, they'll take most of those profits and then cut the company up and sell it off.

Bullseye. THQ's satellite studios are likely worth much more separately than THQ as a whole is, and the debt is the reason why. A private equity buyout followed by a bankruptcy proceeding and dismantling seems the most likely course of action.

EDIT: With the stock drop today, THQ's market cap is less than the budget for most AAA games. Let THAT sink in.
 
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News Comments > Free Battlefield 1942
19. Re: Free Battlefield 1942 Nov 5, 2012, 16:16 killer_roach
 
Sleeeeepy wrote on Nov 5, 2012, 16:05:
Hmm can't get into origin right now, guess related to this.

As for some hidden agenda, it's a nice gesture that cost them very little money, and I think the only "ulterior motive" would be to push Origin a bit more into people's mindspace. Honestly, everyone wins. If you don't consider it a win, don't download it, move on with your life unmolested.

Around here there's people who fully expect EA to molest them, seems like.
 
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News Comments > Free Battlefield 1942
6. Re: Free Battlefield 1942 Nov 5, 2012, 14:42 killer_roach
 
shihonage wrote on Nov 5, 2012, 14:21:
So they are still trying to get people to run their Steam knock-off next to Steam in systray huh.

I am not buying any games that use Origin exclusively. Conserving system resources and the amount of DRM shit that constantly runs in background.

Did you know that Dragon Age installs its own Windows Service just to d/l Dragon Age DLCs?

Uninstalled that too. But it left the service behind.

If you're that worried about Origin's system resource usage, shut down Steam when playing an Origin game. (Origin uses less resources anyway.)
 
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News Comments > Morning Mobilization
3. Re: Morning Mobilization Nov 5, 2012, 13:55 killer_roach
 
Verno wrote on Nov 5, 2012, 09:20:
I don't place $20 of value in mobile games but I wish them good luck.

Oddly enough for them, the only top-end Square-Enix iOS games I own were ones that got put on sale for 99 cents (FF1, FF2, and Chaos Rings).

That being said, they don't need as many sales at the $20 price point to break even, while at the same time they're taking a gamble on a combination of name recognition and high production value being enough to convince people to part with that amount of money.
 
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News Comments > Saturday Metaverse
4. Re: Groupon Nov 5, 2012, 05:45 killer_roach
 
Frijoles wrote on Nov 4, 2012, 11:20:
Groupon is basically QVC on a phone, IMO.

Except Groupon might be even more personnel-heavy than QVC. That's why the stock is in freefall - having numerous different local sections, each with their own sales staff, it's an approach that incurs a lot of ongoing costs without any good way of reducing that downside risk, and the further they expand the more they run into diminishing returns.
 
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News Comments > Sunday Mobilization
2. Re: AnandTech - iPad 4 GPU Performance Analyzed. Nov 5, 2012, 03:09 killer_roach
 
Fantaz wrote on Nov 4, 2012, 19:09:
Those are pretty impressive results... safe to say it blows away the PS Vita in terms of graphics performance.

That should be a given. The iPad 3 had basically the same GPU as the Vita, but it also had greater memory bandwidth. The SGX554MP4 in the iPad 4 is a generational leap ahead of what was in the iPad 3 and the Vita.
 
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News Comments > Saturday Consolidation
10. Re: Saturday Consolidation Nov 4, 2012, 23:31 killer_roach
 
SpectralMeat wrote on Nov 4, 2012, 07:23:
HoSpanky wrote on Nov 4, 2012, 00:33:
It's less praise and more "just the truth" than you think. When Activision killed Bizarre, a large number of them ended up at Playground Games. Play the demo, you'll see.
I think some of the Dirt series devs worked on this as well.
It is a pretty awesome game regardless but yeah I also feel the same way about DLC cars. The rally expansion sounds pretty good though.
Did you guys see the price of the season pass for this game? 4000 points !!

Yeah, there's a heavy amount of influence from PGR and Dirt in the game, and, for that matter, pretty much any racing game series worth caring about for the past decade. Other than the fact that there's simply less to do in Horizon than in previous Forza games, and the aesthetic of the game bugs me, it's really a pretty good "all things to all people" racer.
 
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News Comments > Morning Consolidation
10. Re: Morning Consolidation Nov 3, 2012, 08:10 killer_roach
 
The Half Elf wrote on Nov 2, 2012, 18:43:
Took them how many years and 2 games to finally get GT5 out the door and it was a mess. Forza is where it's at, where ALL the cars are 'premium' cars.

I'd say Forza's level of detail on cars is somewhere between GT5's "normal" and "premium" levels. Ultimately, the two games scratch completely different itches for me - Forza is a better racing game, GT is a better driving sim.
 
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News Comments > Sine Mora PC Plans
5. Re: Sine Mora PC Plans Nov 2, 2012, 02:16 killer_roach
 
Looked it up... it came out on the 360 back in March, and is supposed to come out later on the PS3 and Vita. Seems like it's reasonably well received, though.  
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News Comments > Sine Mora PC Plans
2. Re: Sine Mora PC Plans Nov 1, 2012, 21:39 killer_roach
 
Closed Betas wrote on Nov 1, 2012, 20:39:
ugh, console to pc... sorry dont think anyone asked or even heard of this crap... guess it cost em about $10,000 to port.. so yeah, worth the risk if get free advertising from scream. err steam

It's not ringing a bell to me... then again, I usually only have my PS3 online, so it might be just on the 360, and may very well be an XBLIG release. If that's the case, they're practically designed to be cross-platform (although usually not a ringing endorsement of their quality).
 
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News Comments > Morning Safety Dance
11. Re: Out of the Blue Oct 29, 2012, 19:57 killer_roach
 
Prez wrote on Oct 29, 2012, 19:16:
I just wonder why is Anonymous even bothering. Zynga is already in a massive death spiral.

Along with most of the rest of the social gaming space, yes.

I've been an observer and occasionally casual admirer of Zynga, seeing them as being a bit of an experiment as far as the economics of gaming were concerned. Nonetheless, I've considered their stock to be pretty overpriced, even today.

Unfortunately, they ultimately decided to go all-in on one business model that really hasn't shown itself to be sustainable. If they don't learn from their mistakes and start trying something different, they'll be put on the ash heap of history, and I certainly won't mourn their loss. Creative destruction in action and all that.
 
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News Comments > Out of the Blue
22. Re: Out of the Blue Oct 29, 2012, 19:53 killer_roach
 
xXBatmanXx wrote on Oct 29, 2012, 18:02:
Won't they be for hundreds of years?
You still can't safely be around Chernobyl for any good length of time - even though you can take a tour - you still should wear a suit and the tour is limited in time.

In all fairness, comparing Chernobyl to Fukushima Daiichi would be like comparing the Great Chicago Fire to a backyard barbecue.

But yeah, even still the fish are likely to possess residual radiation levels above what would typically be considered "safe" for many years, possibly decades or centuries.
 
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1465 Comments. 74 pages. Viewing page 29.
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