Jack Thompson Says He Will Lead Shareholder Revolt to Oust T2’s Strauss Zelnick

Disbarred attorney Jack Thompson says that he plans to lead a shareholder revolt against Take-Two Interactive chairman Strauss Zelnick.

Of course, disbarred attorney Jack Thompson says a lot of things…

In this case, Thompson claims in an e-mail that he just scooped up some T2 shares at their current, distressed price:

TTWO is today trading at about $7 per share.  Zelnick blew it.  Thompson today bought a bunch of Take-Two stock at the $7 figure.

The reason Thompson has done this is to lead the effort by Take-Two shareholders to dump Zelnick.  It is long overdue, and there are already rumblings that Zelnick’s tenure at Take-Two has been a disaster, as anyone still holding stock that could have been sold at $26 and is now worth $7 and falling, can attest.

In the letter, Thompson refers to the Z-man as an "incompetent, reckless goofball," which is pretty funny, coming from someone with Thompson’s track record.

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  1. JDKJ says:

    Plus, think of all the requests for vote by proxy which a corporation mails out to it shareholders and which said shareholders (usually those with a very minority interest) quickly toss in the rubbish while never self-exercising their right to vote. That’s bound to have some watering-down (pun intended, get it?) effect.

  2. Kaiselius says:

    So He thinks he’s bought enough stocks to make a difference?

    Sounds like Jack’s gonna have some splainning to do when his wife sees her next bank statement.

  3. DavCube says:

    Thompson yet again fails to realise the global recession that was responsible for the fall of stocks for countless companies, not just T2…

  4. jadedcritic says:

    At the risk of siding with the devil, he’s got every right to try to if he wants to; though considering his track record, somehow I don’t think the Zelnick-ster will be shaking in his boots anytime soon.  At the risk of a sitcom-tv reference, the Jack-ster’s got about as much power as a straight man at a lesbian wedding.   Still, I can’t blame him for trying.  Everybody’s got to have a hobby.  Although I honestly wonder, does he have any grasp of the irony in purchasing stock of the company he’s villified for years?


  5. Ryno says:

    You’re making a lot of assumptions and misguided conlusions there:

    1 – you don’t need to own 50% of it to oust the head, you just need to convince 50+% of the shareholders to vote to oust the head.

    2 – nowhere does Jack say that he wants to be the one to run the company, though we all know this is what he’d like, if only to shut it down, which the shareholders would then oppose. He just wants someone besides Straus running it, you know, someone more capable of running it and making profits, who would also be someone who would realistically look at all the money GTA et al. have made and back the development and production of similar games.*

    *So, realistically (and how Jack hates that word), at best Jack can hope to oust Straus and get someone even more capable put in charge. Again, we have to fall back on the fact that the whole market is in the tank, and even if Straus has done a horrible job as far as investors have been concerned (which he has by not selling the company to EA for $26-odd a share)  only a small part of the stock’s plunge can be attributed to him.**

    **Note that shareholders generally care more about profits and stock performance than they do about artistic creativity. Thus they would rather join a soulless megacorp than insure that good, fun games are produced.

  6. Brainswarm says:

    It wasn’t intentional, I assure you.  Thompson bought those stocks with the grandiose idea that he would use them to get into the Take Two shareholders meeting.   I can’t remember what his point was going to be, but I think he just wanted a place to protest T2 publicly.  And, like most of Thompson’s schemes, he never followed through.  I’m sure it was only an coincidence that Jack decided to sell his stock when he did, and I believe the stock price would still be near that level if the entire economy weren’t headed right down the toilet.

  7. TBoneTony says:

    Of all things, you have to think realisticly.

    I don’t think that even Jack knows how to be realistic,


    you need to own more than 50% of shares to oust the head of the company.


    And even if Jack does lead a revolt and oust Zelnick, I doubt that Jack even knows how to run a company considering his dissapointing law career.


  8. Baruch_S says:

    Okay, I’m seeing two major problems with this picture. A) There’s an economic recession; stocks are down across the board, and people are spending less money. B) It’s Jack Thompson. He shot himself in the foot and ended his law career; why would anyone follow him?

  9. Austin_Lewis says:

    Doesn’t he have a whopping hundred stocks or something inconsequential like that?  As in the minimum tradeable commodity?  I’m not sure any shareholders are going to folow that jackassery.

  10. deuxhero says:

    How is it that Jack Thompson of all people, is the one useing common sense in a something (investing when the market is down, so the investment is cheeper and the profit margin is higher) most people are currently stupid with (staying away when the market is down)?



  11. nekusagi says:

    Delusions of grandeur.


    Behold Jack’s spiral into utter insanity.


    Before long, he’ll be reduced to press releases along the lines of  "games…kill…..legislation".

  12. Ghost Coins says:

    I’d love to take a look at TTWO’s books and see how many shares were sent Mr. Thompson’s way, but I don’t have the $900 needed for edgar-online and I am in no way shape or form going to sign up for a seven day trial then forget to unsubscribe prior to every free penny I own being wrenched from me.

    If done through proxy, like a shell company are alternate buyer, it would be a touch harder, but, yes, any large transfer that confers majority holding or insider transfer would show up like a red light.  Furthermore, to assure a remote control of the company, one would have to assume that they would have some leverage, which would be around 10%-ish.  One would have some weight at that point, but since TTWO currently has 77.7 million shares available to the public (as of last quarter) Mr.Thompson would need to have procured 7.77 million shares, at 7.39 (the lowest price from the last two weeks), it would still amount to something in the area of $57.42 million and some change.  Functionally speaking, unless he has some tremendously powerful oratory skills that we have yet to be witness to, and direct access to the entire body of investors (which is highly improbable since most stockholder votes are done via secret ballot) , he’s not going to get much accomplished.

    The only thing that could even cross my mind as to his logic is that "bunch", as I understand it, is used to confer a measurement of bananas or other tropical fruit, not shares in a company.  Is it possible that Mr. Thomspon has mistaken tasty, tasty bananas or delicious coconuts for Market equitable shares in a publicly traded company.  It would not be the oddest thing I have seen come out of that camp.


    To be persuasive we must be believable; to be believable we must be credible; credible we must be truthful. Edward R. Murrow

  13. DarkSaber says:

    A Bully sequel would be fantastic! It ended up a far better game than I expected.


    I LIKE the fence. I get 2 groups to laugh at then.

  14. Shadow D. Darkman says:

    Yeah, he thinks he’ll be reinstated any day now.


    "Game on, brothers and sisters." -Leet Gamer Jargon

  15. fozzy360 says:

    Shreholder revolt lead by Jack Thompson?


    LOL!  Will he do it after he plays that trick up his sleeve he’ll use to stop his disbarrment…oh, wait…





    "We received 20 calls last night. As we all know, one call equals a billion people. So 20 billion people called us last night. We must act to preserve decency on television." -The FCC

  16. JDKJ says:

    @GP: That usually scary-ass picture of Jack holding GTA-IV isn’t half as scary if it isn’t large enough to fully appreciate the three-day stubble he’s sporting in it and which makes him look a lot like a derelict wino.

  17. JDKJ says:

    Keen observation as to the correlation between ownership percentage and ability to influence shareholder and/or corporate decisions. You’ll notice that Jack-O’s press release goes no further than the altogether cryptic "bought a bunch" with respect to the actual amount of shares he’s purchased. If I know Jack, he’s bought exactly one share. Not what I’d call a toe-hold acquisition.

    And you sound like you’d know better than me that toe-hold acquisitions have to be reported to the SEC. If he did have significant ownership percentage, that fact should be discoverable on EDGAR.

  18. Shadow D. Darkman says:

    "Jack : So imaginary batman, what are we going to do tonight? NARF!

    Jack’s imagination : The same thing we do every night you dumbshit, try to topple take two!"



    "Game on, brothers and sisters." -Leet Gamer Jargon

  19. Shadow D. Darkman says:

    He has claimed to have predicted the Columbine Incident, but that’s the closest we’ll ever get.


    "Game on, brothers and sisters." -Leet Gamer Jargon

  20. Shadow D. Darkman says:


    Heh heh… This is gold. The perfect present from GP this year. Coverage on JT, my reason for joining GP.


    "Game on, brothers and sisters." -Leet Gamer Jargon

  21. Neeneko says:

    I doubt any shareholder (esp long term investors who shy away from mergers like the EA one in the first place) would follow the word of someone who has gone on the record as wanting to ‘take down’ the company.

  22. JustChris says:

    If Zelnick is bad for T2, wouldn’t replacing Zelnick mean that T2 would have a brighter future and thus make it harder for Thompson to systematically destroy the company? DEEERRRRR…

    I guess he wishes T2 would get a CEO that will only allow games full of pink unicorns and cute fluffy bunnies to be made.

  23. Parallax Abstraction says:

    Ahh, no better way to spend Christmas than by seeing JT getting more undeserved free publicity!

  24. NovaBlack says:

    so he claims Zelnick is a money obsessed pornography distributing evil-dooer who ONLY cares about money…

    yet he complains now that Zelnick DIDNT sell his stock showing that clearly he isnt only obsessed with money..

    so.. which one is it Thompon, i hear the sound of ‘flip-flopping’ and the dropping of a hat.

  25. HarmlessBunny says:

    Looks like the crackpot is at it once again. Considering that settlement he had with Take-Two awhile back, I’m kinda surprised that he tries his tired antics. Technically they could bitchslap him to next decade with a massive lawsuit over violation over said settlement, but they just ignore him :\

  26. jccalhoun says:

    Has anything Jacko ever "predicted" actually happened?  

    I really wonder how many shares he bought (or if he even bought any in the first place.  He is a pathalogical liar after all).  I really doubt that he could have bought enough to matter.

    I also wonder where he got the money to buy these shares?  His wife is alleged to be a well known and respected lawyer.  Is she so blindly in love with Jacko that she will give him money to fund his mad schenanigans? I would really love someone to interview her about her imfamous husband.



  27. face777 says:

    I still think they need to do a Bully sequel – one of the best games out there IMO – hell, Rockstar does seem to have a Midas touch for games, no (sane) shareholder would go against them

  28. face777 says:

    It’s amazing just how corrupt ‘religion’ can make a man.  I say religion, but do of course mean fascism.  Just forget him, he’s petty, insignificant, and no threat whatsoever to us gamers.

  29. CyberSkull says:

    It doesn’t matter who is in charge of Take Two, no CEO would kill the cash cow that is GTA. None. Anyone who tried would be ousted by the board immediately.

  30. GoodRobotUs says:

    Jack Thompson is the living breathing example of a revolting Shareholder.

    He will succeed in the same manner he always succeeds, i.e. he won’t, and, frankly, this whole announcement is simply because he wanted his name in a Xmas headline.

  31. Ghost Coins says:

    Frankly, I am, and I hate to say this (god how I hate to say this) in the same boat with Mr. Thompson, but for different reasons.  I had TTWO stock when the EA offer went up, and I ducked out after the EA offer collapsed.  There were talks of another company willing to buy TTWO so I picked up again around $15.  It hasn’t been that high since, and now I’m looking at stock worth half of what I paid for it on the subtle hints from a man who gave us the hope that there was more in store for us.  Hell, the better half of the financial community (those that are famed for watching the business world) have basically marked Mr. Zelnick as a blithering idiot for running his company into the ground, or close thereto.  Alot of investors are angry about his handling of the EA issue, and we bought into his verbose scam of betting things to come.  He’s had amazing titles come across his desk and make the company millions, but the shares keep falling.  I understand that the economy has a tremendous impact on the current state of the market, and an article in the Washionton Post two months back stating that video game stocks were extremely over-inflated was the first hard right hook to the jaws of a few companies.

    Getting back on topic, Mr. Thompson, unless he procured a signifigant amount of stock, will have a hard time convincing shareholders to oust Mr. Zelnick.  Lest we forget, one of the major issues in the EA/TTWO merger was the benefit packages that Mr. Zelnick and his assistants, fellow managers, etc. were to get if they were to be replaced.  Explain this to a shareholder of a struggling company, and then inform them if they oust Zelnick, the shares could very well go further south on the basis of 1) an unstable company that had to clear out top management and bring in fresh blood does not bode well for consumer confidence and more shareholders may take a loss and get out leaving their shares worth even less, 2) the money that is going to be doled out of already dwindling financial reserves to part ways with Mr. Zelnick and company (golden parachutes are a dandy little thing), lastly 3) the money that is going to be offered to new leadership to take on what can be percieved to be a sinking ship in an economic malestrom.  That is alot of coin to be tossing around when your stock is worth less than 1/3rd of what it did a few months ago.  So, dare I ask who still wants to remove Mr. Zelnick and watch TTWO trade for as much as Washionton Mutual or brace for rocky times ahead, and when the skies clear a bit, we can make the salty dog walk the plank accordingly.

    As far as the idea of using stocks to drive moral compunction, it will never work and Mr. Thompson should at least know that.  Business is about profit, and risk.  What he offers is something too far risky given the market as it is.  Read the three points above and, unless Mr. Thompson own 50%+1 of the stocks, he will be hard pressed to see Mr. Zelnick pushed out of the nice, top-floor office he currently works out of.


    To be persuasive we must be believable; to be believable we must be credible; credible we must be truthful. Edward R. Murrow

  32. vansau says:

    Wait… didn’t Jack buy only one share a while ago so he could go and take part in the stockholder meetings?  Also, how much stock did he actually buy this time around?  Last I heard, he had to write the Bar a check for about $40,000 or so…

    …does he actually have any money left?

  33. Wolvenmoon says:

    Jack : So imaginary batman, what are we going to do tonight? NARF!

    Jack’s imagination : The same thing we do every night you dumbshit, try to topple take two!


    I’ll say this much, the violence in our media is damaging to society, but TV is SO much further along than most video games. Of course, many companies are getting exponentially more violent with their games in RESPONSE to jack thompson’s rants…

    Hopefully when this nut snaps, he’s quickly stopped. He’s more at risk of going on a shooting rampage than most gamers. Any *SANE* person that made it through law school would be able to logically gauge people’s reactions to what they were saying, and modify their behavior to get the reaction they wanted.

    Okay, ending my mini rant I want to give you all something to think about.

    If Jack Thompson is insane he’d be screaming, ranting, and raving about the video game industry’s violence because he wanted it to get less violent/graphic.

    If JT is sane and he wanted it to get less violent, he’d as a lawyer be logically pulling the foundation of the pro-violence crowd’s argument in a way that garnered public sympathy.

    OR if he wanted to push video game violence over a precipace of ‘too far’, or otherwise wanted to accelerate it or desensitize the public to its presence, he’d do exactly what he is doing.

    In other words, if he’s sane he has us right where he wants us, getting exponentially more violent and sexual, indie developers capsizing, and take two pretty much immune to future lawsuits because of his outright stupidity.

    A lack of self regulation will cause forced exterior regulation.

  34. Derovius says:

    I’m guessing that T2 sees JT for what he really is; a harmless, nagging old man who is absolutely no threat to them personally, their company or their shareholders. If he wants to buy a handful of T2 stocks with his lunch money, they are more than happy to take his money. Its like that big kid on the play ground who keeps getting teased by that runty little mouthy one. You know the big kid could preverbally cold-clock the mouthy one, but the big kid knows the mouthy runt is no threat, so why would he exert himself.

  35. sirjonk says:

    Every time I see JT as the subject of a GP article, I take a week’s vacation from reading the site.  Stop promoting him, it’s what he wants.  See you in 09.

  36. Zerodash says:

    Here’s some more…

    – Jack stopping that Photoshop contest: NEVER HAPPENED

    – Jack ruining the NIMF (after Walsh distanced himself from JT): NEVER HAPPENED

    – Jack’s anti-games laws being "constitutionally bulletproof": NEVER HAPPENED

    – Getting Take Two penalized for advertising Bioshock on Smackdown (via FCC complaint): NEVER HAPPENED

    – Jack "owning" the Florida Bar: NEVER HAPPENED

    – Jack exposing the Florida Bar as some kind of Gay-controlled mafia (his "smoking gun"): NEVER HAPPENED

    – Jack working together with EA to help them acquire Take Two: NEVER HAPPENED


    He’s on the fast track to getting sued for libel, slander, and harrassment.  He may very well end up in jail before 2010 (taking bets). 

  37. MartyB says:

     Wow when you list them all like that, it’s pretty pathetic…

    and i’m sure that list is just the tip of the iceberg.


    if I was him i’d go into hiding and have plastic surgury so no one can recognise me

  38. Zerodash says:

    Why the hell is this even considered news?  Seriously. How many more impotent, empty threats does this guy need to make before he gets ignored by everyone, even GP.  The man was disbarred and destroyed what little credibility he ever had.  Just let it go and ignore him.

    – Jack’s RICO suit against the ESA this past summer: NEVER HAPPENED

    – Jack avoiding disbarment: NEVER HAPPENED

    – Jack making the bar look like a bombed-out building (figuratively speaking): NEVER HAPPENED

    – Jack donating $10,000 to charity when a game about killing game devs was made: NEVER HAPPENED

    – Penny Arcade, Kotaku, GamePolitics being shut down: NEVER HAPPENED

    – Bully causing an "epedimic" of slingshot injuries: NEVER HAPPENED

    – Florida Judges needing criminal defense attorneys over loyalty oaths: NEVER HAPPENED

    – Jack "destroying" Take Two & Rockstar: NEVER HAPPENED

    – The ESA apologizing to Jack Thompson: NEVER HAPPENED

    – Jack running for Judge: NEVER HAPPENED


  39. Haggard says:

    Arguing (as much as one can argue with a man possessing the mental dexterity and logic of a brick wall) with JT was one of my main joys in coming to this site

  40. Erik says:

    I know its beyond John Bruce’s ability to comprehend. (along with other things like why you shouldn’t file porn to a court of law or threaten to blow up a governmental office) but you do not sell to EA for any amount of money.  Mr. Zelnick should be hearalded for keeping the jackals known as EA at bay.

    Furthermore I don’t think that the shareholders are going to listen to someone who once threatened their company.  See: The Sims 2 fanmade blur removal patch controversy.

    -Ultimately what will do in mankind is a person’s fear of their own freedom-

  41. DeepThorn says:

    It isn’t much of a scam when people already don’t respect you at all because of your poor choices and loony tactics. (Loony as in the old meaning that he is crazy not the more current one that is more so goofy.  He isn’t that funny, and lacks logic…  Okay, he is goofy in some ways…)  So I would say this will have no effect at all, even if it is an attempt at a scam.

    Nido Web Flash Tutorials AS2 and AS3 Tutorials for anyone interested.
    How to set Xbox 360 Parental Controls

  42. cullarn says:

    i say we sick the sec on thompson this was a stock scam! (my apologies to the sec, i am truly sorry if you have to spend one minute in a room with thompson)


    please note this whole post is a joke(albeit bad one but a joke none the less)

  43. Larington says:

    Hes just still miffed that a Judge got to see Bully played in court and long before he could have a go himself. I swear this is all just an elaborate front and that hes actually got a massive ultra violent games collection hidden away behind a metal door in a basement… Or something.

  44. Ashkihyena says:

    "In the letter, Thompson refers to the Z-man as an "incompetent, reckless goofball," which is pretty funny, coming from someone with Thompson’s track record."

    Yeah, Thompson is definitly one to talk.  Whats the phrase, people in glass houses shouldn’t throw stones?  Well, all of Jack house is probably all broken by now.

  45. hellfire7885 says:

    He jsut wants to replace Zelnick with someone he can easily bully into cancelling games he doesn’t like.

  46. ezbiker555 says:

    This guy doesn’t quit. Well here’s the bright side about this. Jack is all talk and no play. I fail to see how he can keep this sharade up.

    Hey Jack I bet this is irratating as heck, seeing us point out your flaws and unable to say anything about it. Haha.

    Anyhoo, like always, I doubt he could do anything and I doubt anyone would really listen to him anymore. I would so love to pop his giant bubble of an ego but somehow he always patches up the hole.  This is how I see it, another attempt to stop violent video games in which it will fail and he will have more embarrasment. End of story.

    Btw Hope everyone here had a merry christmas. 🙂

  47. MartyB says:

     Guys, i think we might be under-estimating this guy


    If he is able to get Zelnick out…  Then the compagny might go running off like a headless chicken.

    I’m might be hoping he can get the CEO out of there and make the compagny go into bankrupcy before the new CEO can recover.  if it works then Jack could have a very big laugh and say he single handedly brought down TakeTwo. (he wouldn’t of, but you know he’ll claim it)

    or i’m giving him too much credit and this is just a simple personal vendetta against Zelnick.  

  48. GoodRobotUs says:

    Personally, I’d think about leaving the Jack Thompson stories until he actually achieves something, I certainly don’t care what he claims he is going to do, all it does is get a free headline just for opening his mouth, talk is cheap, and Thompson talks a lot.

    I know this means no Jack Thompson stories, since he is the ultimate non-achiever, but considering Thompson seems to think the most important thing in the world are his tiny, selfish and insignificant little paranoias and delusions, it would probably help him get over his Narcissism to just ignore him.

  49. duncan_922 says:

    I wonder…  how many shares can he "buy" when he’s out of a job???  Or is his wife (the only successful lawyer in the family) going to buy them for him to support his habit of crazy?  Don’t McDonald’s employees earn 7 dollars an hour?  He’ll have to work a month to buy a significant amount of them.

  50. Vake Xeacons says:

    Wait, wait! Aren’t the shareholders pissed about the failed take-over? Is Jack actually saying he wanted it to go through? Or is this just “nessessary evil”: destroy T2 by any means, morality be damned?

  51. Kharne says:

    I though he couldn’t comment here because GP finally got fed up (again) and hit him with a new IP ban.

    And so far, he apparently hasn’t been able to get around it.

  52. Arcanagos says:


    If he didnt threaten to destroy T2 every other day, i might be concerned by this, but he does so i’m not…..


    I dont really think anyone in their right mind would join Thompson in this anyway… so it’ll be just him and the voices in his head participating in this "consumer revolt"

    Edit: anyone want to bet this thread reaches 200 posts again thanks to JT spamming court documents and the like?

  53. Shoehorn Oplenty says:

    "Eibler, under Take-Two’s “leadership,” was caught distributing adult material to minors."

    This sounds a little libelous in my opinion. Maybe it’s even actionable by Mr. Eibeler?

    "The reason Thompson has done this is to lead the effort by Take-Two shareholders to dump Zelnick."

    So Thompson believes that Mr. Zelnick is bad for Take Two and wants to get rid of him, thus helping Take Two, the company he has sworn to destroy time and time again? The mind boggles.

  54. sortableturnip says:

    Step 1:  Buy T2’s stock at $7/share.

    Step 2:  Convince people to buy T2’s stock.

    Step 3:  T2’s stock price rises.

    Step 4:  Sell T2’s stock when stock reaches $20/share.

    Step 5:  Profit

  55. Monte says:

     So what? Jack thinks he can convince the shareholders to not just oust Zelnick but to replace him with someone who would bring an end to games like GTA? talk about a pipedream… when it comes down to it, GTA was one the reasons why the company was worth $26 per share in the first place… Its little facts like that, that will cause shareholders to tell him to shut up while they select someone who will just keep the M-rated train rolling… 

  56. Attack_Gypsy says:

    Hrmm… Jack says he sold all of his stock.

    So, he has no standing, nor any rights, at any T2 shareholders meeting.


    More BS.

  57. Saladin says:

    Ah… I was wondering what Jack’s latest failure would look like. Stock huh?

    It’s nice to see that you keep raising the bar when it comes to failure Jack. For a short while, I thought you left that particular art form behind. Keep up the good work buddy! *Snicker*

  58. Alyssey says:

    For some reason I can’t help but think of Church Lady from SNL

    "Well…isn’t that special?"

    Or the big guy in 2 Stupid dogs

    "Well isn’t that cute?….BUT IT’S WROOOOOOOOOOOONG!!!!"


  59. gamepolitics says:

    Immediate News Release – Dec. 26, 2008

    Anti-Violent Video Game Activist Jack Thompson to Lead Effort to Oust Take-Two Chairman Strauss Zelnick

    Four years ago, Miamian and anti-violent video game critic Jack Thompson purchased the stock of Take-Two Interactive Software, Inc., in order to oust its Chairman, Paul Eibler.  Eibler, under Take-Two’s “leadership,” was caught distributing adult material to minors.  Eibler was voted by Dow Jones’ MarketWatch the “Worst American CEO” in 2005.  Events took care of Mr. Eibler.

    Eibler was replaced by Strauss Zelnick, who promised to make Take-Two shareholders more money in the sale of its various games, including the pornographic and hyper-violent Grand Theft Auto games.  Thompson, having met with Zelnick personally on May 15, 2007, concluded, after spending two hours with this fellow that Zelnick was an incompetent, reckless goofball.

    Zelnick was then offered $26 per share for Take-Two’s stock in a buy-out offer from Electronic Arts, the largest video game company in the world.  Zelnick refused to sell, claiming Take-Two stock (TTWO on NASDAQ) was worth more.

    Thompson, knowing it wasn’t, sold all his stock at $26 per share on the open market.

    TTWO is today trading at about $7 per share.  Zelnick blew it.  Thompson today bought a bunch of Take-Two stock at the $7 figure.

    The reason Thompson has done this is to lead the effort by Take-Two shareholders to dump Zelnick.  It is long overdue, and there are already rumblings that Zelnick’s tenure at Take-Two has been a disaster, as anyone still holding stock that could have been sold at $26 and is now worth $7 and falling, can attest.

    Contact Jack Thompson for more information


  60. sortableturnip says:

    Although I would like to see this "letter" that JT sent, I’m sure he’ll be posting it soon.

    As far as him buying shares, I’m betting he bought like 10 shares, since he doesn’t have an income to speak of.

    *idea*  This is like one of those faxes that you get at work claiming that such and such stock is going to go up and you should buy them now.  Then when the price rises due to demand, he sells a bunch of shares and makes a profit.

  61. BearDogg-X says:

    The Metropolitian Moron of Miami should make up his mind. He had stock in the company(making him a hypocrite for suing them so many times no matter why he bought them), then was among the first to sell when EA started its failed hostile takeover bid.

    I seem to recall World Wrestling Entertainment’s stock plummeting from like $33 a share to $9, yet nobody led a shareholder revolt against Vince McMahon(though that was because McMahon is majority owner, and it’s family owned).

    Maybe Jack should buy stock in Depends adult diapers instead, since he refuses to practice what he preaches about growing up and get a life.

    Geaux Saints, Geaux Tigers, Geaux Hornets, Jack Thompson can geaux chase a chupacabra.

    Proud supporter of the New Orleans Saints, LSU, 1st Amendment; Real American; Hound of Justice; Even through the darkest days, this fire burns always

    Saints(3-4), LSU(7-0)

  62. Monte says:

    Couldn’t, all of those stockholders have sold their stock at anytime and as such could have sold it themselves when it was worth $26?… Ea was bascially buying the stock at just about it’s listed price at the time, so selling to EA or selling in general would have made no difference… essentially, if Zelnick is a fool for not selling out to EA then no one currently holding stock can complain as they made the same damn decision… 

    Not to mention that how much of this low stock is Zelnick’s fault is a bit up in the air since a lot of companies to a hard hit in the stock market due to these economic times… and also that it was while the company was under Zelnick that the company became worth $26 per share in the first place… oh but those are the kind of "facts" that Jack finds to inconvenient to mention in his "revolt"

    Not sure what Jack is really trying to accomplish though… i guess he’s just after bragging rights; i mean, Zelnick leaving will only make way for a new boss who will continue GTA and all that other stuff… Doesn’t exactly help jack’s agenda

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