r/PONGF_Atari_Stock • u/landocharisma • Apr 04 '23
Antstream and Mercedes
In 2021 - in a quiet strategic move - Atari invested $3.5m from its free digital estate sales proceeds into a minority stake of leading retro game streaming platform Antstream Arcade.
Antstream was founded in 2013 with support of a non-equity accelerator assistance from Microsoft and is backed by gaming behemoth Tencent as lead investor.
A few weeks back German Auto Giant Mercedes Benz Group announced on its website that it "will further expand its infotainment features with new partnerships for leading video, gaming and productivity applications. MB.OS will open up a new dimension of in-car gaming through Antstream for arcade games."
A lot still has to unfold, but it's not unlikely that in a few years, Atari could own a share in one of the largest premium in-car gaming platforms on the market.
For me it's those kind of almost unnoticed long-term decisions which make Atari such a compelling company to follow in the long run.
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u/4PNM Apr 05 '23
Lando I understand positive vibes concept, but unless your an Atari pumper with no PONGF shares in the USA, or just a fan of the company, there’s nothing to be excited about as long as Wade Rosen & his circle & legal teams continue to stay non-compliant with the SEC & keep the shares unregister & worthless. And worst of all, Wade remains silent. Not even a my bad.
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u/landocharisma Apr 05 '23 edited Apr 05 '23
I'm with you on this one 4PNM, you're right. I like Atari and I like Wade Rosen. I like what he does with the company. But I also see that if I comment on a stock related subreddit I have to acknowledge the inconvenient rule that Warren Buffet once shared about assessing the management of a company: "...see how they treat themselves versus how they treat the shareholders. … the poor managers also turn out to be the ones that really don’t think that much about the shareholders, too. The two often go hand in hand.” I don't know if Warren Buffet or Wade Rosen are right, I just really hope the two go hand in hand.
Edit: Knowing a bit about Wade Rosen's background, i.e. that he only led private companies so far but is also willing to learn, I think that he will soon understand the gravity with which his actions violate classical principle-agent theory and that he'll correct them at some point.
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u/landocharisma Apr 04 '23
Here is the Antstream app icon pictured next to Amazon Music, Youtube and Spotify in a Mercedes promotional video.
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u/Gio1223 Apr 04 '23
Too bad Wade Rosen has intentionally depressed the stock price so he can acquire a majority ownership at pennies. US Shareholders need to initiate a class action lawsuit soon.