Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  ELLIN ROBERT S
2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2005
3. Issuer Name and Ticker or Trading Symbol
MAJESCO ENTERTAINMENT CO [COOL]
(Last)
(First)
(Middle)
153 EAST 53RD STREET, 48TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10022
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, par value $.001 per share 81,512 (1)
D
 
Common Stock, par value $.001 per share 81,442 (2)
I
By the Robert S. Ellin Profit Sharing Plan
Common Stock, par value $.001 per share 1,843,745 (3) (4)
I
By Trinad Capital Master Fund Ltd.
Common Stock, par value $.001 per share 225,456 (5)
I
By Atlantis Equities, Inc.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ELLIN ROBERT S
153 EAST 53RD STREET, 48TH FLOOR
NEW YORK, NY 10022
    X    

Signatures

/s/ Robert S. Ellin 02/24/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes 47,656 shares of Common Stock held directly by Mr. Ellin?s spouse, Nancy J. Ellin. Mr. Ellin disclaims all beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(2) Represents shares held by the Robert S. Ellin Profit Sharing Plan. Mr. Ellin disclaims all beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(3) Represents shares held by Trinad Capital Master Fund Ltd. (the ?Fund?). Mr. Ellin is the managing member of Trinad Advisors GP, LLC, the general partner of a principal stockholder of the Fund, and is also a limited partner of the Fund. Mr. Ellin disclaims all beneficial ownership of such shares except to the extent of his pecuniary interest therein.
(4) The Reporting Person unknowingly crossed the 10% threshold via the Fund?s purchase of 14,800 shares of Common Stock on November 16, 2005.
(5) Represents shared held directly by Atlantis Equities, Inc., of which Mr. Ellin?s spouse, Nancy J. Ellin, is the sole stockholder. Mr. Ellin disclaims all beneficial ownership of such shares except to the extent of his pecuniary interest therein.

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