Metazoo Games Officially Files for Bankruptcy..
ฝัง
- เผยแพร่เมื่อ 21 พ.ค. 2024
- #metazoo #metazoogames #bankruptcy
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NICK'S STRENGTH AND BANKRUPTCY
The fact that Mike questioned your motives is insane. You’re one of
the less than a handful who actually care enough to report these events in real time.
Mike is a real life sassy coward.
I hope someone buys it ,it was a good idea just need a real business ceo
Thanks for the update, Nick. This was a long time coming.
what i remember about MZ is people always asking Mike what his favorite card, and he always said "it hasnt been pulled yet", wich was probably a good marketing thing but would be funny to ask him on his way into the courtroom one last time.
🎶 METAZOO!!! bankruptcy is realllllll! Metazoo!! No money anywhere! 🎶
Wow, it finally happened. Thanks for all the updates, Nick.
Bankruptcy chapter #7 we living a live metazoo manga chapter #7 the story continues
nAH THAt creditor list looks to be alphabetically sorted
I… DECLARE…. BANKRUPTCY!!!!! - MetaZoo
LMFAO!!.. That one got me..
🃏
🎶 METAZOO!!! bankruptcy is realllllll! Metazoo!! No money anywhere! 🎶
Really appreciate you bringing the news Nick!!!
Thanks brother
Nick's strength and court records
Thank you for the update, Nick! Now still waiting on my revive board... lol.
At least something is happening.
Don’t ever pat mike on the back
Marvel being a creditor is wild. What would be the best guess on what that could be? I have no clue.
Once again, thank you for continuing to keep us updated!!
Doesn't Marvel own ComicCon?
They also released a MZ comic, so could be Marvel did the printing
The booths at Comicons were assembled by the same team that made Marvel Booths.
Lol I think the Creditors list is just in alphabetical order, not who gets most money back. Wonder how Golden now feels
lol yeah you're right lmao I didn't even think about that
Long overdue!
Great work my friend!
What an absolute mess
Very interesting to see their estimated liabilities is $0 - $50K, definitely thought it would be a lot higher from the way they supposedly ran the company into the ground. Guess they were more cautious about the company books than we assumed.
Thanks for bringing this info to us Nick! Glad Metazoo finally entered their bankruptcy arc
There has to be a huge error on that one. Players alone are 44k cash.
Players aren't getting a dime in bankruptcy. @@LolCowTCG
3/12/23 bragging about 50million revenue...a year later BANKRUPT👍
What's funny is that this is a game that Rudy of Alpha Investments promoted after FAB. Remember Rudy does not Trust Ravensburger/Lorcana but Rudy trusted this brand and IP.
@portalmasterry6765 no problem with rudy & other promoters getting game off the ground but shouldn't have agreed to long term deal with any of them. Metazoo failed its COMMUNITY. If it focused on the community as much as target, walmart, sanrio etc etc etc...etc etc etc...this company would have sustained incremental growth...but Mike gave us a BIG F.U...Mike gutted metazoo. 1 man wrecking crew
@@thecatcher7280 exactly, what does this have to do with Rudy (or Lorcana?).... @portalmasterry6765 Umu? Is that you??? LOLL. Rudy was just a shill, same as Wubby and many others who got preferential treatment and pricing to hype the game. Nothing about their involvement caused this, and the ones to blame are the owners and management, thats who we need to be roasting and investigating.
A step into the right direction. Hopefully there's some light at the end of all this
Time to perform a Seance
Chapter 7 liquidation bankruptcy means auctions are going to happen. I was at one of them and I picked up some sick original art.
Yes but the auction won’t be done by Shaw or Golden they are not the trustee. It’s not their product to decide what to do with. It’s in the hands of the court now
First Dice Masters amd now MetaZoo. Why, why must i continue falling in love with criminally mismanaged collectible games?!
The list of creditors is listed alphabetically
Surely Rudy will make a video covering this 😂
NICK'S BANKRUPTCY AND POKEMON
How will you be able to find where its auctioned?
Bankrupt over a million or two? They couldn't raise that to get out of the hole? Something isn't adding up, Mr. Benihana is worth like 100 million himself. That seems like a trivial amount to tank such a lucrative business over.
The money was squandered and used to create hype to get the next round of $. It was like a TCG pyramid/ponzi scheme. They should sticked with the TCG and focused on that but the decided to go all out not knowing the risk and the fact that they were running on hype.
🎯🎯🎯🎯EXACTLY...there's either MORE debt or MORE to the story
Def more debt, but its also more than that, from the communication (and lack of) between Mike and Andy etc. in the previous videos and in other info I have seen, it seems like these idiots let the company fall apart around them after bleeding it dry to fill their own bank accounts. I hope we learn all the details, but there is a lot more going on here than a few million in debt.
It wasn't lucrative though. They were broke over a year ago.
After retaining the lawyer, they said they would be releasing a list of artists that would be getting paid back & in which order. They retained the lawyer in the first stream & have made thousands since with NO update on that list. Is Mike &/or Bailey pocketing the rest of the money raised? Is anybody actually going to talk about this?
Which artists aren't paid?
@@JB-ok6ti jett yates for one did all of PFP 2.0 and never received payment. or so I'm told
@@JB-ok6ti which artists are paid?? 🤣🤣
When they update the creditor list it should include all the artists and the exact number each one is owed will all be public if they have not been paid back. What we can see right now is very rough, but we will be able to see all the exact number and specifics soon
Rip a reverse holo in half for your next video
Over/Under: $10 Million in total debt when all information is public?
I think its closer to 1-2 million
OVER!...1-2 million in debt...but have 1-2million inventory...+ supposedly next few sets are done???? Should be able to get to zero...either more debt or more to the story....
@@nicksstrengthandpokemon6353 They did not check the 1 to 10 Million box, so looks like they are declaring less than 1 Million.
Mothman/Wu-Tang Financial.
Thanks Nick!
Pink Cryptid Carnival Packs just found at my local five below store
I have a pallet of blank paper... Free Shipping even 😁
Legit worth more 😂
I’m late to all the news so sorry if this has been asked are the skateboards no longer redeemable!? 😢
Thank you
You’re welcome brother
Massive!!
Creditors list looks to be alphabetical order. Am I missing something? Bankruptcy is filed to avoid paying creditors and NOT to enable the paying of creditors. For example, "After any administrative expenses are paid, no funds will be available to unsecured creditors." So, unsecured creditors are screwed. Lawyers will likely get the bulk of the money, lol.
Can you define unsecured for me?
@@nicksstrengthandpokemon6353 Probably easier to define secured. Think of a car loan or a house mortgage. Those are secured loans where the car or house are collateral. If you don't pay, the agency with the secured loan gets the car or house. Common shares in stocks are unsecured, meaning when a big corporation like GM goes bankrupt, common shareholders tend to lose everything. In the case of Metazoo, all those who prepaid for product that they have not received are likely never going to see the product or a dime from the bankruptcy. A buyer could emerge, but they would be silly to buy before all the debt was disposed of in the bankruptcy. Note that bankruptcy doesn't negate the possibility of a criminal investigation. This is how I understand things. I am not a Lawyer, so I could be entirely wrong, lol. None of this is legal advice.
Wonder what happens with the skateboards 😩
Oh no, what a shock. Although I am truly sorry for yourself and all the people who poured time, money and heart into a franchise they love only for it to be so incompetently managed into the ground.
Thanks nick
Rip a reverse holo in half
SO WHAT DID 60k go to wtf!?! lol. A bankruptcy lawyer doesn’t cost 60k…. The Metazoo community was swindled again
I don’t think they raised 60k
Appears alphabetical rather than weighted for the order listed
stop supporting metazoo, mike is no savior
What would they owe Marvel Entertainment for???
Probably a collab that never came to fruition
So does this mean I’ll get my unshipped revive boards??
Doubtful. But they may come up for auction. Even with a new buyer I think the boards are likely least valuable to them
Thanks for the update Nick!
Anytime man! Miss ya!
Does that mean this channel will finaly be about pokemon again? 🧐
To the MOOOOOOON!
Well boys, we can rest easy knowing metazoo is officially dead on paper. Let's hope someone picks up this IP and gives it the tender love and care it deserves. Ohh I remember good ol'days having to say Amikuk burrow at the end of each turn.
Amikuk was such a good control deck with icy paths and Alaskan vortexes
Remember folks Rudy of Alpha investments had high hopes for this brand IP. Considering Rudy won't even touch Disney's Lorcana TCG but hyped Metazoo, just goes to show how much hype equity Rudy gave this brand only to fail because of so and so.
👍👍👍
Woooooo finally a new beginning for MetaZoo has a chance of happening.
Unless a big corporation buys it, why would anyone want that?
Now is the perfect time for a big corporation to buy it. If they value their assets at less than 500k… one of these big companies that was interested before could buy it for even less than 500k and still get all the product AND the IP
LOl cant pay for the Hello kitty License , but they push the set anyways...INSANE!
This is Great!. Now Mike doesn't have to pay anyone back now. Congrats on everyone funding for bankruptcy and being ripped off again. You all deserve it! Im so happy for all you.
We will find out soon. All the information about the sale of that art should be in the coming documents. If it’s not, then it was a rip off scheme
pump and dump, good riddance.
what a bunch of clowns!
Marvel Entertainment is a creditor?
Its all the players/investors/collectors fault. If they had preorder more stuff from metazoomarketplace and stop whining about stuff that hasnt arrived all the time, metazoo would not have file for bankruptcy. War would have come out and 7 seas would have been on its way to release with previews all over. Its all on them for not giving metazoo more money!
Yeahhhhhh fffff those guys.😂
Buy metazoo nick save it you are the only hope
:(
put in a bid to buy MetaZoo
I wouldn’t know what to do with it if I did lol. If a company doesn’t come in and buy it I will definitely be interested in the liquidated product. But I have limited space for pallets
@nicksstrengthandpokemon6353 just make you furniture out of it. I'm sure a palette could hold a tv and through a blanket over some and you got a couch.
Guess it’s time to record that metazoo burn video now, figured someone has to be first 😅. So in order for anyone to get their “money back” is for another fool to buy more metazoo… great 👍 just let it all go
I got one on my IG 😂
🤣🤣
Jokes
Yay! Finally! Hopefully Nick can talk about Pokémon now and forget this MetaZoo crap!
Lol have you seen Pokemon lately 😂
Can't be worse than MetaZoo can it@@JB-ok6ti?
When Pokémon comes out with a modern set that I like again sure
Ha ha, heard @@nicksstrengthandpokemon6353 , and thanks for the ❤️ brother!
The same people that think meta-zoo will survive are the same people that think Trump going bankrupt three times is actually totally chill and normal
How does trump going bankrupt relate? I don't get it
Who wants metazoo its like paying for plain cardboard there's no point to having there products
great. Now lets get back to pokemon. Noone cares about Metazoo
Bankruptcy... zooon-Metazoo
Given current market value, I would be shocked if they had $500K in assets.
For real, when he said “which seems kind of low” all I can picture is the many many many pallets in a dumpster. Literally not worth the storage space….
500 pallets of booster boxes, 500 booster boxes per pallet alone. Even at $3 a booster box that should be $750,000 alone. And that doesn’t even include all the other product AND whatever is not at golden. A 500k valuation would mean they value booster boxes less than $1 wach
Blank paper has more value. move on people.
@@nicksstrengthandpokemon6353 yeah but no one wants Metazoo and no one has that storage. Even if 250,000 people bought one box, they’re just aren’t 250,000 people interested in metazoo, maybe 2000.