Secondary market – Kent Tribune Fri, 11 Jun 2021 00:05:46 +0000 en-US hourly 1 Secondary market – Kent Tribune 32 32 Why the second-hand private equity market is booming Thu, 10 Jun 2021 22:45:45 +0000

AT MIDNIGHT ON On August 31, 1602, the public offering of shares of a new type of company was closed. The charter of the company, the Dutch East India Company, granted it a monopoly of trade with Asia until 1623, when it was assumed the company would be liquidated. Twenty-one years is a long wait for the return of capital. Small shipping businesses were usually wound up and the spoils split after three or four years, when (and if) the ships returned. The shareholders therefore had a opt-out option after ten years. It didn’t matter. A faster way out soon opened.

Listen to this story

Enjoy more audio and podcasts on ios or Android.

The merchants who gathered daily around Amsterdam’s New Bridge to trade spices and grains showed willingness to buy and sell stocks. These developments are reported in “The World’s First Stock Exchange”, by Lodewijk Petram, historian. One of the many lessons from the book is that wherever there is a primary market for a new type of asset, there will soon be a secondary market.

There is a modern analogy in the treatment of holdings in private equity funds. Limited partners of these companies – pension plans and sovereign wealth funds that provide capital – are typically hired for the life of the fund, which is typically ten years or more. The reality is different. A thriving market for “secondaries,” negotiated sales of limited partnerships, has emerged with the maturity of private equity. Private equity investors today are no more stuck on their commitments than the bourgeoisie of Amsterdam were four centuries ago.

Secondary markets are driven first by asset holders who really need cash. The first sales on the Amsterdam stock exchange were usually made by merchants who could not afford the promised subscription. In private equity, the first secondary transactions were usually struggling sales. They were often hit with large discounts – 25% or more – to the appraised value of the fund’s assets.

Over time, the stigma of selling faded: in 2019, around $ 85 billion in stakes changed hands. These days, the reason for selling a stake is often strategic. This may involve rebalancing portfolios by geography, industry or year for risk management reasons, for example, or to reduce the number of relationships with general partners of private equity firms. Many limited partners simply want to manage their private assets as actively as their listed assets. Often the funds will sell for more than the appraised value of the companies in the portfolio.

Over the past decade, there has been a trend towards secondary transactions conducted by general partners, says Andrew Sealey of Campbell Lutyens, a consulting firm. It could be that a ten-year fund is about to expire whose general partners are unwilling to sell the business portfolio because the timing is not right for a good exit price. However, some of the sponsors will need their money.

The solution is a continuation fund. One example is Nordic Capital VII, a fund established in 2008, which transferred its nine portfolio companies to a € 2.5 billion ($ 3 billion) continuation fund in 2018. A price was set by auction. . Investors had the choice of selling their holdings at a premium over estimated value or staying five more years. Most chose to stay.

The boom in secondary trade has been supported by the rapid growth of specialist funds. Twenty years ago there were only a handful; now there are dozens of them. Five of the ten largest private capital pools raised last year were for specialized secondary funds.

The secondary market attracts large fund managers who want to offer their clients the full range of assets, including private ones. For starters, it seems a lot less crowded than the main business. “Anyone can set up a buyout fund,” says one fund manager. Funds often compete with each other to buy the same companies. In a secondary fund, on the other hand, there is a better chance of benefiting from the expertise. It requires sophisticated analysts and good information gathering to assess a stake in a portfolio of companies when it is put up for sale. The general partners have the right to approve the buyers of second-hand shares. These are high barriers that potential rivals must overcome.

Paradoxically, the rise of the shorter-term secondary market has allowed the formal time horizon of private equity funds to expand almost indefinitely. In this area as in others, private equity follows the Amsterdam of the 17th century. In its early days, the Dutch East India Company was supposed to have a limited lifespan. This was still going on almost two centuries later.

This article appeared in the Finance & economics section of the print edition under the title “Going Dutch”

]]> 0
We Knew It Was Coming: The First NFT Trial Is Here Thu, 10 Jun 2021 06:47:00 +0000

On May 12, a plaintiff sued Dapper Labs, Inc. and the CEO of Dapper Labs, alleging a violation of securities laws. that of the complainant complaint alleges that Dapper Labs’ platform NBA Top Shot sold securities when it sold non-fungible tokens (NFTs) on its platform.

On the NBA Top Shot platform, users can buy and sell NFTs associated with specific NBA music videos, called “NBA Top Shot Moments”. The plaintiff claims that NBA Top Shot sold for more than $ 500 million of these tokens, which are minted by NBA Top Shot and then sold in digital packs of three varieties: common, which include NBA Top Shot Moments which were produced more 1,000 times; rare, which includes NBA Top Shot moments that have been produced up to 999 times; and legendary, which have been produced up to 99 times. The Applicant also notes that NBA Top Shot Moments can be bought and sold in the secondary market from individuals. These sales take place on the NBA Top Shot platform, and depending on compliance, Dapper Labs receives a 5% transaction fee on all transactions.

The Complainant alleges that NBA Top Shot NFTs are digital assets that “derive their value from the success or failure of a given project, promoter or start-up” and, therefore, this are securities that should have been registered with the Securities and Exchange. Commission. (Complaint, page 2). Specifically, the Applicant points to packaging the NBA Top Shot Moments in limited edition packs and requiring all subsequent sales to be made on the NBA Top Shot platform. The complainant also points out the transaction fees Dapper Labs receives and the issues with withdrawing funds from the platform once deposited there. The claimant claims that these actions result in a product that increases or decreases in value based on the actions of NBA Top Shot. Further, the complainant cites comments from others who have either reviewed the platform or purchased NBA Top Shot Moments, that these NFTs are purchased by people for investment purposes.

This was the first shot for NFT editors and the platforms that enable NFT’s secondary sales. With limited official guidance regarding NFTs, it’s safe to say that many are watching this litigation. Defendants are likely to first challenge the complaint on a procedural basis, as both defendants appear to be in Canada and may be able to claim a lack of personal jurisdiction. In addition, the plaintiff has brought an action in New York State courts, and the defendants may attempt to “return” the proceedings to federal court. Once the procedural challenges are settled (and unless a resolution is reached), this case can provide the necessary guidance to the industry – we will certainly be watching.

]]> 0
Mythical Games Raises $ 75 Million for Blankos Block Party Game and Playable NFTs Wed, 09 Jun 2021 13:00:55 +0000

Elevate your technology and enterprise data strategy to Transform 2021.

Mythical Games has raised $ 75 million to launch its open-world multiplayer game Blankos Block Party as well as its platform for making games with non-fungible tokens (NFTs).

Based in Los Angeles Mythical games pioneered the idea of ​​“playable NFTs,” using NFT technology to uniquely identify game characters so players can truly own them. NFTs use blockchain, the secure and transparent digital ledger, to authenticate unique digital items.

Blankos Block Party, which is in beta testing, has vinyl-style game characters that can be won (through gameplay), bought and sold by players. He started testing his Marketplace where players can buy and sell their characters, which can be personalized or decorated with various things earned in the game.

WestCap Group, a private equity firm led by former Airbnb executive Laurence Tosi, led the round. Other participants in the cycle are 01 Advisors and VaynerFund by Gary Vaynerchuk, as well as existing investors including Galaxy Digital, Javelin Venture Partners, Alumni Ventures and Struck Capital. This round brings the total amount raised to $ 120 million.

This amount tells you where we are. NFTs have exploded into other applications, such as art, sports collectibles, and music. Best shot in the NBA (a digital version of collectible basketball cards) is one example – built by Dapper Labs, NBA Top Shot has surpassed $ 500 million in sales, five months after its IPO. And an NFT digital collage by artist Beeple sold at Christie’s for $ 69.3 million. But more recently NFTs have seen their prices drop, with some saying the hype is running out.

Above: John Linden, CEO of Mythical Games.

Image Credit: Mythic

While many NFT projects have been dismissed as overrated get-rich-quick schemes, Mythical Games CEO John Linden said in an interview with GamesBeat that the company is keen to drive mass adoption of ownership in games through playable NFTs. Before blockchain, gamers invested billions of dollars in digital items in other online games with no tangible way to benefit beyond the benefits of casual gaming; content gets stuck behind their account because their purchase is really just a rental or license agreement, with no possibility of transfer or sale, Mythical said. And while other secondary markets have existed in the form of gray and black markets, players who participate in them are exposed to dangerous trades, scams, and even the threat of losing their accounts for violating the terms of the market. ‘use, the company said.

But the technology is not really easy to create. Mythical Games has more than 100 employees and has been working on its technology and game for three years, Linden said. Adding NFT to a game means a business needs to create a digital wallet for players to securely maintain their digital property. It is based on a blockchain platform, and this platform often needs to be modified to reduce transaction costs, speed up transactions, and use less energy than traditional platforms like Bitcoin and Ethereum. All of this requires engineering work, and Mythical is always recruiting.

In addition to that, Mythical Games is in discussions with other game companies to license their platform to them so that those game companies can create their own games with playable NFT characters.

Blankos Block Party

Above: Blankos Block Party

Image Credit: Mythic

Mythical will use the funding to drive mass adoption of in-game ownership through playable NFTs with the growth of its first game, Blankos Block Party; extension to other gaming platforms; and new projects launched later this year and into 2022. Via its Mythical Economic Engine and Mythic Market, the company says it provides a platform for game developers to create their own player-owned savings, as well as new tools for content creators and brands to make it easier to own game assets.

Through Mythical Marketplace, players can unlock the value of monetary, scarcity, and time-based efforts by selling their NFTs to other players for real money, in safe and secure transactions with proof of purchase. ‘authenticity.

In the open beta of Blankos Block Party, Mythical enabled player-designed levels. Players currently hold over 100,000 NFT; As the game’s audience continues to grow, legacy assets and specialty releases will become rarer and likely more valuable in the secondary market, creating mass-market scarcity and providing new sources of income for players. players.

Tosi, managing partner at WestCap, said in a statement that Mythical has transformed the way creators distribute and monetize their art. He said that Mythical’s creative use of blockchain has enabled brands and studios to develop interactive content and engage with fans.

Mythical Games will make more announcements next week at a conference at the Electronic Entertainment Expo (E3). Viewers can tune in on Monday, June 14 at 11:10 a.m. PT, when Mythical also releases one of the first NFT Twitch Drops via the popular streaming service.


GamesBeat’s credo when covering the gaming industry is “where passion meets business”. What does it mean? We want to tell you how much news matters to you, not only as a decision maker in a game studio, but also as a game fan. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn more about the industry and enjoy participating in it.

How will you do this? Membership includes access to:

  • Newsletters, such as DeanBeat
  • The wonderful, educational and fun speakers at our events
  • Networking opportunities
  • Special member-only interviews, discussions and open office events with GamesBeat staff
  • Chat with community members, GamesBeat staff, and other guests on our Discord
  • And maybe even a fun prize or two
  • Presentations to like-minded parties

Become a member

]]> 0 Clough Capital Partners LP Announces Market Update Call Tue, 08 Jun 2021 20:30:00 +0000

DENVER, June 8, 2021 / PRNewswire / – Clough Capital Partners LP (“Clough”) to Host Market Update Conference Call for Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ) and Clough Global Opportunities Fund (GLO) Thursday, June 10e at 2:30 p.m. EDT. The call will include Chuck clough, President, Co-CIO and Portfolio Manager, as well as Rob zdunczyk, Head of Fixed Income and Portfolio Manager.


Thursday June 10e2:30 p.m. EDT


Dial 888-632-3389

PW 61021

Each of the funds listed above (collectively, the “Funds” and each a “Fund”) is currently making a one-for-three transferable rights offer. The rights offering will be made in accordance with each Fund’s current pre-registration statement filed with the Securities and Exchange Commission (“SEC”) and only by way of a prospectus supplement and accompanying prospectus. . A final prospectus supplement has been filed with the SEC. Each Fund has mailed subscription certificates evidencing the subscription rights and a copy of the prospectus supplement for the rights offering.

This press release does not constitute an offer to sell or the solicitation of an offer to buy.

An investor should carefully consider the investment objectives, risks, fees and expenses before investing. For an annual report, semi-annual report, prospectus or prospectus supplement containing this and other information, visit or dial 1-877-256-8445. Read them carefully before investing.

The Clough Global Dividend & Income Fund
The Fund is a closed-end fund whose investment objective is to provide a high level of total return and current income. The Fund seeks to pursue this objective by applying an investment process driven by fundamental research and will invest in equities and equity-linked securities as well as in fixed income securities, including corporate and sovereign bonds, on US and non-US markets. The portfolio managers of the Fund are Chuck clough and Rob zdunczyk. From May 31stst 2021, the Fund had approximately $ 166 million in total assets.

The Clough Global Equity Fund
The Fund is a closed-end fund whose investment objective is to provide a high level of total return. Having a broad and flexible mandate, the Fund seeks to pursue this objective by applying an investment process focused on fundamental research and will invest at least 80% in equities and equity-linked securities in the US and non-US markets, and the remainder in fixed income securities, including corporate debt and sovereign debt, in the US and non-US markets. The portfolio managers of the Fund are Chuck clough and Rob zdunczyk. From May 31stst, 2021, the Fund had approximately $ 367 million in total assets.

The Clough Global Opportunities Fund
The Fund is a closed-end fund whose investment objective is to provide a high level of total return. The Fund seeks to achieve this objective by applying an investment process driven by fundamental research and will invest in equities and equity-linked securities as well as in fixed income securities, including corporate and sovereign debt, in the US and non-US markets. The portfolio managers of the Fund are Chuck clough and Rob zdunczyk. From May 31stst, 2021, the Fund had approximately $ 720 million in total assets.

Further information, including the dividend reinvestment plans of the Funds, is available at or by calling 877-256-8445

Clough Capital Partners LP
Clough Capital, a Bostoninvestment advisory firm that manages approximately $ 2.2 billion active at May 31stst, 2021, acts as investment advisor to the Funds.

The Funds are closed-end funds and closed-end funds do not continually issue stocks for sale as open-end mutual funds do. Since their initial public offering, the Funds have now traded on the secondary market. Investors wishing to buy or sell shares must place orders through an intermediary or broker. The share price of a closed fund is based on the market value.

Forward-looking statements are based on information available as of the date hereof, and neither the manager of the Funds nor any person affiliated with the manager of the Funds has any duty to update any forward-looking statements. Significant factors that could affect actual results and differ from such statements include, among other factors, material and adverse changes in the asset class and the actual composition of the portfolio.

ALPS Portfolio Solutions Distributor, Inc., a member firm of FINRA.

1290 Broadway, suite 1000
Denver, CO 80203

Show original content:

SOURCE Clough Global Dividend & Income Fund; Clough Global Equity Fund; Clough Global Opportunities Fund

]]> 0
3 key lessons fintech entrepreneurs can learn from a legend Mon, 07 Jun 2021 23:15:30 +0000

What does it take to be successful in fintech? One person who certainly knows the answer is Bill Sarris.

Bill Sarris has been an expert in financial and investment technology for many years. Some of its application shipments in major business software include large customers such as Microsoft, Intuit, Stanford, etc. His Fintech projects include Quickbooks, the Digital Insight promotion suite, and Business Banking.

He won the Forrester Groundswell Award and the Monarch Innovation Award for Banking.

He observed the changing world of investing over time, noticing early on that ordinary people started investing. With an increasing number of these Main Street investors joining Wall Street, he decided there was a need for a more democratized system.

In response, Sarris co-founded and invented Linqto, a private equity app that helps users identify good buys and invest in “unicorn” startups. Here are his top three tips for fintech entrepreneurs.

Never stop innovating

Sarris’ goal of signing with Linqto is to simplify investment, in particular for private companies that are in pre-IPO. Before his arrival, only the very rich and hyper-connected could invest in these areas. Sarris co-founded and developed Linqto in response to this exclusivity.

Innovation is driven by need. The key to staying competitive as an entrepreneur is to understand the changing needs of society. Investing was very different 10 years ago, but as technology developed and ordinary people became more interested in money, new needs arose. These needs stimulate creativity, ideas and innovation, and entrepreneurs must constantly ask themselves, “How can I find a solution to this problem?” “

Think about accessibility

The idea behind the development of Linqto by Sarris is simple: he wants to “facilitate the participation of average investors in the private equity market“.

The goal is to put the average investor on par with the Wall Street gurus who have been in the industry for a long time, by creating a fair and just investment platform.

This is an essential aspect of entrepreneurship in 2021: accessibility. The success of your business can be measured by the number of people served by the product. Entrepreneurs need to consider affordability when innovating, which will further expand the reach of their business.

Accessibility and affordability are the fundamental principles that support Linqto’s goal of democratizing secondary markets.

Challenge old-fashioned ideals

Sarris observed the intense control of the investment. Only accredited investors can participate in private registrations. Fifty million meets the threshold for accreditation, but less than a million is invested.

People who invest tend to be among the wealthiest with direct links to the private investment space. This prevents many traditional investors from participating, even if they qualify.

Sarris describes the process as “outdated systems, standards and processes” which make it difficult even for accredited investors. But disruption related to technology has changed the market, and Linqto is helping put the investment power back into the hands of the people.

In 2021 to date, Linqto has enabled 40 investments in 10 companies, with four exits announced. Coinbase was one of them, with some members buying shares for $ 32.

The most important part of the result? “These are average investors who were able to participate in the upside of an exit for the first time.”

Innovation and entrepreneurship is about questioning long-held truths and finding better solutions. Entrepreneurship can promote a more democratic society and provide opportunities for a wider range of people. This is certainly the case with Linqto. Sarris said he believes the future of investing lies in simplifying private market transactions, and he’s helping to make it a reality.

What is the future of your industry?

]]> 0
Global Applicant Tracking Systems Market is expected to Mon, 07 Jun 2021 09:59:24 +0000

New York, June 07, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Global Candidate Tracking Systems Market 2021-2025” –
Our Applicant Tracking Systems market report provides holistic analysis, market size and forecast, trends, growth drivers, and challenges, along with vendor analysis covering approximately 25 vendors.
The report offers up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the cost effective and less time-consuming solution, the increasing emphasis on streamlining HR functions and increasing international student enrollments. Besides, a cost-effective and less time-consuming solution is also expected to drive the market growth.
The Applicant Tracking Systems market analysis includes deployment segment and geographic landscape.

The Applicant Tracking Systems market is segmented as follows:
By deployment
• Cloud-based
• On the site

By geography
• North America
• Europe
• South America

This study identifies the emergence of Artificial Intelligence (AI) related services as one of the major reasons for the growth of Applicant Tracking Systems market in the coming years. In addition, recruiting using ATS integrated with social media and ATS mobile applications will lead to significant demand in the market.

The analyst presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources by analysis of key parameters. Our Applicant Tracking Systems Market report covers the following areas:
• Sizing of the candidate tracking systems market
• Applicant Tracking Systems Market Forecast
• Market analysis of candidate tracking systems

This solid vendor analysis is designed to help clients improve their market position, and as part of this, this report provides a detailed analysis of several major vendors in the Applicant Tracking Systems Market including Alphabet Inc., Automatic Data Processing Inc., ClearCompany Inc., Greenhouse Software Inc., iCIMS Inc., International Business Machines Corp., Jobvite Inc., Oracle Corp., SAP SE and Workday Inc. In addition, the market analysis report of Applicant tracking systems includes information on upcoming trends and challenges that will influence the market. growth. It’s about helping businesses strategize and take advantage of any growth opportunities ahead.
The study was conducted using an objective combination of primary and secondary information, including contributions from key industry participants. The report contains a comprehensive market and vendor landscape in addition to an analysis of the major vendors.

The analyst presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources through analysis of key parameters such as profit, price, competition and promotions. It presents various facets of the market by identifying the main influencers in the industry. The data presented is complete, reliable and the result of extensive research – both primary and secondary. Technavio’s market research reports provide a comprehensive competitive landscape along with in-depth vendor screening methodology and analysis using qualitative and quantitative research to forecast the precise growth of the market.
Read the full report:

About Reportlinker
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.


		MLB and Candy Digital announce long-term NFT partnership
		Sun, 06 Jun 2021 13:25:27 +0000


Candy Digital, a growing digital collectors business, has announced a long-term deal with Major League Baseball to exclusively produce Non-Fungible Tokens (NFTs).

Candy Digital is started by three of the most respected figures in their industry: Michael Rubin, Executive Chairman of Fanatics; Mike Novogratz, Founder and CEO of Galaxy Digital; and Gary Vaynerchuk, an entrepreneur and serial investor.

Candy Digital and MLB’s first release will be an NFT of Lou Gehrig’s famous “Luckiest Man” speech he gave on July 4, 1939, after being diagnosed with ALS.

Only one Gehrig Speech Collector’s Item will be produced. The proceeds from the sale, which are slated to be released over the weekend of July 4, will support ALC charities. The MLB celebrated the Yankees legend this week with the first Lou Gehrig Day.

More NFT MLBs will be available on Candy Digital’s online platform and in a secondary market. Fans will have the opportunity to buy, collect, view and trade them as they see fit.

Candy Digital plans to use a new NFT ecosystem developed on Ethereum as the core blockchain technology. This will allow the business to keep gas costs low, ensure fast transactions, and be more energy efficient than proof of work systems.

Digital collectibles have grown in popularity this year, with a new generation of consumers interested in interactive content.

This has perhaps been most evident with the rise of NBA Top Shot, an online marketplace where fans can collect digital moments from their favorite players.

MLB previously entered the NFT space with the Topps company earlier this year, releasing a limited amount of digital collectibles through the WAX ​​blockchain.

The 2021 Topps Series 1 Baseball physical version artwork has been digitally enhanced as an officially licensed Topps MLB NFT collectibles.

Several Los Angeles Dodgers cards, including Mookie Betts, Clayton Kershaw, and Corey Seager, are currently available for purchase on the AtomicHub Marketplace.

Have you got subscribed to Dodger Blue YouTube channel? Don’t forget to activate the notification bell to watch player interviews, participate in shows and giveaways, and more!

]]> 0
The 10 most valuable Sega Master System games Sat, 05 Jun 2021 19:15:00 +0000

When the Nintendo entertainment system brought the North American gaming market back from near death, it quickly established a de facto monopoly on the medium. But the braves of Sega have risen to challenge the corporate reign, armed only with ports of several of the best arcade games of all time and their own home console: the Sega Master System.

RELATED: Every Sega Console Ranked Worst Of Best

… and they were quickly defeated. While not lagging behind in terms of quality, Sega’s 8-bit response to the NES failed to overthrow Nintendo’s black and gray crown, never reaching the sales figures of its rival console. . But the rarity of its games only increased their rarity, thus increasing their monetary value. Master System owners who have described its library as mere forgotten relics may be surprised to learn that they might be sitting on a proverbial gold mine. All prices listed are for full boxed sets.

ten Montezuma’s Revenge – $ 95

This Solomon’s Key-esque puzzle game is not only a rarity for America, but also for the entire gaming world. While Robert Jaeger’s 1984 hit of Utopia Software saw global releases on many platforms, this port was never distributed except in North America.

You read that right – a North American exclusive on a notoriously underperforming console in North America. Needless to say, this isn’t the easiest game to find, but nonetheless, a collector’s item worthy of any Master System fan.

9 Ghouls and ghosts – $ 130

It’s hard to think that Ghosts’ n Goblins had so few games despite being such a prominent name in Capcom’s library. The series is 36 years old and has just received its fifth main console release with this year’s Ghosts’ n Goblins Resurrection.

As if that wasn’t enough to make the Master System port stand out from the second game, it also has a unique leveling system that allows players to increase their attributes through exploration. This version of Ghouls’ n Ghosts has never been re-released, so it’s an experience only available on the Master System. If it sounds like $ 130 to you, you’ll be happy to know that this might be the easiest game on this list to find, depending on who you ask.

8 Alex Kidd in the Shinobi world [Blue Label] – $ 150

While all versions of this platform crossover can fetch a pretty dime, the US version with its bright blue cartridge tag easily attracts the highest prices. Copies of this print reliably sell for about a third more than their traditional brethren labeled in red.

Although Sega pushed good ol ‘Mr. Kidd as a Mario-esque platforming mascot at the time, the game reportedly shipped in limited quantities, especially to the West. The game’s release in 1990 took it a year after Sega Genesis launched and a year before Sonic the Hedgehog arrived, so Sega was probably starting to view Alex Kidd as a relic of the past. But even if it’s true, the brave character’s ninja adventure is a great find for any gaming anthropologist worth his salt.

7 ALF – $ 165

Do you remember ALF? It’s back in shape for just the cost of two next-gen AAA games. This platform game based on the American sitcom of the same name was primarily developed as a side project of programmer Kevin Seghetti while he was working on the Master System port of Monopoly. Seghetti reportedly protested the game’s release due to the deplorable state it was in, but failed to get what he wanted, which easily resulted in the worst value in the system.

Whether it’s so expensive because of that distinction, or simply because it has become scarce because no one has bought it, anyone with a spare ALF set in their shoebox has a good sale on their hands. Unless you are a die-hard collector, this game won’t offer you much else.

6 Fantasy Star – $ 170

One of the few rare retro gaming gems that’s as fun to play as it is to collect, Phantasy Star arguably holds up better than any other JRPG of its era – though that probably didn’t help its secondary market value as much as its battery. and above-average price at exit.

As well as being rare, demand for the game is also boosted by its powerful (for the time) 4-megabit cartridge and for launching the long-running Phantasy Star franchise, better known today for its MMOs.

5 Powerful Strike – $ 230

Quite possibly the best vertical shooter in the Master System, Power Strike’s high technical performance, unique selectable bonuses, and tense action could have made it one of the best-selling games on the console. Sadly, Sega of America made the confused decision to primarily distribute the game by mail order, with only rumors of a Toys R ‘Us-exclusive limited edition suggesting that it has already been sold through other means.

If this sounds like a recipe for low sales, it’s only because it is. Power Strike is one of the hardest games to find in the Master System library, which of course makes it one of the hardest games to afford.

4 Warrior with the Golden Ax – $ 300

It wasn’t Sega’s first attempt to capitalize on The Legend of Zelda’s success, but it was certainly the most expensive. Golden Ax Warrior transforms the hack ‘n slash fantasy series into an aerial adventure game where players explore an open world teeming with ferocious monsters and Byzantine mazes.

RELATED: Sega Genesis: The 8 Best & 7 Worst Console Games

The game was released in 1991 when the Master System was all but dead – especially in North America – which naturally resulted in low production and sales to match. At least now, it’s a popular collector’s item for Golden Ax fans and Master System devotees.

3 Mah-Jong – $ 500

Not to be confused with Master System Shanghai’s other mahjong game (which costs around $ 20 unopened), this oddly composed version of the classic Chinese board game is one of the game’s great rarities. It’s so rare that virtually nothing is known of its release in the United States, to the point that even high-quality images of its box are virtually impossible to find online.

It would be nice to have at least a few pictures of it, but with this price tag it’s unlikely to happen anytime soon.

2 James Buster Douglas Knockout Boxing – $ 1,000

What started out as a cheap re-skin of Sega’s Rocky game is now an apple in the eyes of any Master System collector. The American version of this game is another one that has received a draw for about as long as the titular boxer’s heavyweight world championship reign, that is, not long.

RELATED: 10 Best Boxing Video Games Of All Time, According To Metacritic

It’s the second rarest game on the console, has the second highest price tag, and hilariously looks like a game you can buy for $ 25 full in the box. Only true heavyweight collectors should step up for this title.

1 Sonic the Hedgehog – $ 1150

Can a Sonic game really be the rarest version on a Sega console? As counterintuitive as it sounds, the answer is, technically, yes.

Sega of America had so little faith in the 8-bit debut of Blue Blur that they made no changes to the already released PAL version other than affixing an American barcode sticker to the back of the box.

On the one hand, that means the game itself is probably a lot more mainstream than the price suggests. But on the other hand, since fewer people kept their boxes at the time, only a few rare copies can be assessed as the genuine item. A small sticker can make the difference between your game being worth $ 30 or almost 40 times as much.

NEXT: 10 Of The Best Sega Master System Games Of All Time

Mass Effect 1 Split Image of Rachni Queen on the left and Thorian Creeper on the right

Mass Effect: Each Special Ammo Type and When to Use It

About the Author

]]> 0
The Golden Knights’ two late goals provide a 3-2 comeback victory over Colorado before 17,504 at T-Mobile Arena on Friday; Avs Lead Series, 2-1, with Game 4 in Vegas on Sunday Sat, 05 Jun 2021 01:12:10 +0000

Fleury soaking up the packed house tonight.

Article by Alan Snel Photos by J. Tyge O’Donnell

The Vegas Golden Knights were only 5:18 away from losing 3-0 in this high-powered Best-of-7 series games with the Colorado Avalanche.

But then Knights snipers Jonathan Marchessault and Max Pacioretty scored unorthodox goals within a minute of intervals over Colorado goaltender Philipp Grubauer and Vegas came away with a 3-2 victory. in front of 17,504 mad and boisterous fans at the T-Mobile Arena on Friday night.

The Golden Knights dominated the Avalanche for most of the night as VGK led the Colorado 43-20.

Marchessault fought off Grubauer with 5:18 left in the final period and Pacioretty scored the game-winning goal with just 4:33 left in regulation deflecting a shot from defender Nick Holden.

The Avalanche had six straight playoff wins, with a St. Louis sweep in the first round and the first two games against the Knights at Bell Arena in Denver.

“We stuck with that,” VGK coach Pete DeBoer said. “The crowd was so great. . . keep energy levels high.


The Golden Knights dominated the first period against Colorado.

But VGK hasn’t scored a goal in his 15 shots on Colorado goaltender Philipp Grubauer.

The Avalanche only managed three shots on VGK’s Marc-André Fleury.

It was aimless after a period.

He’s back, Mr. Cheers, Cameron Hughes


In the second period, VGK center William Karlsson hit in a Grubauer backhand on a shot from Alex Pietrangelo and the Knights were on the scoreboard 4:38 in the middle stanza.

About a minute and a half later, Colorado tied the game when Carl Soderberg shot in a rebound and the Golden Knights-dominated game was tied to one.

After two periods, the Golden Knights outscored Colorado 23-11. But the game was tied after two periods and the VGK season will be on the line in the final 20 minutes.

Grubauer was exceptional. He stopped almost everything the Knights threw at him, including stopping Pacioretty on a breakaway in the second period. Pacioretty made a few shake-and-bake moves, but couldn’t fake Grubauer to score the go-ahead goal.

The Knights entered the third period and faced the most important 20 minutes of the season.


The T-Mobile Arena is back at full capacity and tickets are available for tonight’s Golden Knights vs Colorado Avalanche game.

At 5:50 p.m., here are the sections with seats available, according to the VGK Ticket Exchange website. Ticket prices start at $ 125, plus fees.

Aftermarket ticketing platform Stub Hub was offering even cheaper ticket prices for tonight at $ 104 – plus fees.



Support by purchasing this book

]]> 0
Form 424B2 MORGAN STANLEY Fri, 04 Jun 2021 17:18:00 +0000

Callable Conditional income securities maturing June 13, 2023

MSCI EAFE Worst Performance Payments on Securities® Index, the iShares® ETF MSCI Brazil and the S&P 500® Index

Fully and unconditionally guaranteed by Morgan Stanley

Risk capital securities

The securities offered are unsecured obligations of Morgan Stanley Finance LLC (“MSFL”) and are fully and unconditionally guaranteed by Morgan Stanley. The Securities have the terms described in the accompanying Prospectus Supplement, Index Supplement and Prospectus, as supplemented or modified by this document. The securities do not guarantee repayment of principal and do not provide for the regular payment of interest. Instead, the securities will pay a conditional quarterly coupon but only if the closing level of each of MSCI EAEO® Index, the iShares® ETF MSCI Brazil and the S&P 500® Index on the corresponding observation date is at or above 65% of their respective initial level, which we call the respective Coupon Barrier Level. If the closing level from any underlying is below the Coupon Barrier Level for that Underlying on any Observation Date, we will not pay any Coupons for the relevant quarterly period. In addition, as of December 13, 2021, we will redeem the securities on any quarterly redemption date for a redemption payment equal to the sum of the principal amount declared plus any quarterly coupon otherwise due on the related observation date, if and only if the exit from a risk neutral valuation model on a business day that is at least 2 but not more than 5 working days before that repayment date, based on the data shown under “Call functionality” below, indicates that repayment on that date is economically rational for us compared to the fact not to reimburse by this date. An early redemption of the securities will not automatically take place depending on the performance of the underlyings. At maturity, if the securities have not been redeemed beforehand and the final level of each Underlying is greater than or equal to 65% of the respective Initial Level, which we refer to as the respective Downside Threshold Level, the Payment at Maturity will be the Principal Amount declared and the corresponding Quarterly Coupon, if any. If, however, the final level of any Underlying is below its downside threshold level, investors will be exposed to the downside of the worst performing underlying on a 1 to 1 basis and will receive a payment at maturity of less than 65% of the amount in principal declared titles and could be zero. Therefore, IInvestors in the securities should be prepared to accept the risk of losing their entire initial investment depending on the performance of any underlying and also the risk of not receiving quarterly coupons during the entire 2-year term of the securities. . Since the payments on the securities are based on the worst performing underlyings, a fall beyond the respective Coupon Barrier Level and / or the respective Fall Threshold level, if applicable, will any the underlying will result in little or no quota quarterly coupons and / or a significant loss of your investment, if any, even if the other underlyings have appreciated or have not fallen as much. Investors will not participate in any appreciation of an underlying. The securities are intended for investors who are willing to risk their principal and seek an opportunity to earn interest at a potentially above-market rate in exchange for the risk of receiving no quarterly interest if all underlying Closing below the Coupon Barrier Level for that Underlying on the Observation Dates, and the risk of early redemption of the securities based on exiting a risk neutral valuation model. The Securities are notes issued under the MSFL Series A Global Medium Term Note program.

All payments are subject to our credit risk. If we default on our obligations, you could lose all or part of your investment. These securities are not covered obligations and you will not have any security in, or otherwise have access to, any underlying asset or reference asset.



Morgan Stanley Finance LLC


Morgan stanley


MSCI EAEO® Index (the “MXEA Index”), iShares® MSCI Brazil ETF (the “EWZ Shares”) and S&P 500® Index (the “SPX Index”). We each refer to the MXEA Index and the SPX Index as an Underlying Index.

Total amount of capital:


Principal amount indicated:

$ 1,000 per title

Issue price:

$ 1,000 per security (see “Commissions and issue price” below)

Pricing date:

June 8, 2021

Original issue date:

June 11, 2021 (3 working days after the pricing date)

Due date:

June 13, 2023

Call function:

As of December 13, 2021, an early redemption, in whole but not in part, will occur on a redemption date if and only if the exit from a risk neutral valuation model on a business day that is at least 2 but no more than 5 business days before that redemption date, as selected by the Calculation Agent (the “Determination Date”), taking as input data: (i) benchmark market levels, volatilities and the correlations in effect, if any and in each case on the Determination Date and (ii) Morgan Stanley’s credit spreads on the pricing date indicate that a repayment on that date is economically rational to us in relation to a non-reimbursement on that date. If we call the securities, we will give you notice at least 2 business days before the call date indicated in the notice. No further payment will be made on the securities once they have been redeemed.

Conditional Quarterly Coupon:

If on any observation date, the closing level of each underlying is Greater or equal to its respective Coupon Barrier Level, we will pay a conditional quarterly Coupon at an annual rate of at least 10.10% (corresponding to approximately $ 25.25 per quarter per security, to be determined on the pricing date) on the payment date of the corresponding conditional coupon.

If, on an observation date, the closing level from any underlying is less than the coupon barrier level for that underlying, no conditional quarterly coupon will be paid in relation to that observation date. It is possible that one or more Underlyings may remain below the respective Coupon Barrier Level (s) for long periods of time or even throughout the duration of the securities, so that you will receive little or no Contingent Quarterly Coupons. .

Payment at maturity:

If the securities have not been previously redeemed, investors will receive on the due date a payment at maturity determined as follows:

If the final level of each underlying is Greater or equal to its respective threshold level: the principal amount declared and the conditional quarterly coupon with respect to the final observation date.

If the final level of any underlying is less than its respective threshold level: (i) the principal amount declared multiplied by (ii) the performance factor of the worst performing underlying. In these circumstances, payment at maturity will be less than 65% of the stated principal amount of the securities and could be zero.

Conditions continued on next page


Morgan Stanley & Co. LLC (“MS & Co.”), a subsidiary of MSFL and a wholly owned subsidiary of Morgan Stanley. See “Additional Information Regarding the Distribution Plan; conflicts of interest. “

Estimated value on the date of the prize:

About $ 952.00 per title, or less than $ 25 of that estimate. See “Investment overview” starting on page 3.

Commissions and issue price:

Public Prize

Agent’s commissions(1)

Comes back to us(2)

By title

$ 1,000

$ 17.50

$ 982.50





(1)The selected brokers and their financial advisors will collectively receive from the agent, MS & Co., a fixed sales commission of $ 17.50 for each security they sell. See “Additional Information Regarding the Distribution Plan; conflicts of interest. ”For more information, see“ Investment Plan (Conflicts of Interest) ”in the accompanying prospectus supplement.

(2)See “Product Use and Coverage” on page 36.

The securities involve risks not associated with an investment in ordinary debt securities. See “Risk factors” starting on page 12.

The Securities and Exchange Commission and state securities regulators have not approved or disapproved these securities, nor have they determined whether this document or the accompanying Prospectus Supplement, Index Supplement and Prospectus are true or complete. Any statement to the contrary is a criminal offense.

The securities are not deposits or savings accounts and are not insured by the Federal Deposit Insurance Corporation or any other government agency or agency, nor are they bonds or guarantees by any bank.

You should read this document together with the related Prospectus Supplement, Index Supplement and Prospectus, each accessible through the hyperlinks below. Please also see “Additional Securities Terms” and “Additional Securities Information” at the end of this document.

References to “we”, “us” and “our” refer to Morgan Stanley or MSFL, or Morgan Stanley and MSFL collectively, as the context requires.

Prospectus supplement dated November 16, 2020 Index supplement dated November 16, 2020 In addition to this, you need to know more about it.Prospectus of November 16, 2020

]]> 0