ANAD should be avoided, it cost me money. Now I am using picks from Ultimate Stock Alerts (do a Google search for them)
If we are unable to execute our operating plan, increase our infrastructure revenue, continue to control costs and raise additional capital, we will not have adequate capital to satisfy operational needs and anticipated capital needs for the next twelve months.
Historically, we have operated at a loss and have not consistently generated sufficient cash from operations to cover our operating and other cash expenses. In mid-2014, we implemented a strategic restructuring plan that we believed would place increased emphasis on infrastructure markets, lower operating costs and position the business for improved operating results. By the three months ended April 4, 2015, our infrastructure revenue improved, costs were lowered and operating losses were reduced in keeping with the strategic restructuring plan. However, subsequent to that date, unexpected declines in revenues resulted in an increase in operating losses. Therefore, the delayed improvement in infrastructure revenue is forecast to result in operating losses into 2016, larger than those foreseen under the strategic restructuring plan. Additionally, in future periods it is possible that we will not maintain compliance with certain covenants under our revolving credit facility which could result in outstanding borrowings being immediately due and payable and the termination of the revolving credit facility. The combination of these factors raises substantial doubt about our ability to continue as a going concern in 2016. Management's plans to overcome these difficulties include financing all or part of its operations through additional equity or debt financing. However, there can be no assurance that additional financing will be available on satisfactory terms or at all. We also expect to continue to aggressively pursue available sales opportunities, work with distributors and end users to grow future sales, and continue to control costs. The ability to continue as a going concern in 2016 is dependent upon increasing infrastructure revenue, continuing to control costs and obtaining the necessary financing to meet obligations and repay liabilities arising from normal business operations when they come due. If we are unable to execute our operating plan, increase our infra
Nice to see the SVP for Infrastructure Products have to forfeit 6,666 shares of restricted stock that did not vest because performance goals were not met. Will Ron and Terry do the same?
Why did I even touch ANAD? If it wasn’t for the guys at Ultimate Stock Alerts (find them in Google search) I would have lost more money
Tiger is trying to help you, logic. However, I think Tiger is wrong, I think you are full of it and that you do not own 300K shares. I think your simply a pumper. No man is stupid enough to be stuck with so much ANAD stock.
Log, you are again being given a chance to exit with some money (not a whole lot, but some). Please set target for an exit. I have mine. A double from .25/sh will be a good return for me. Will then have cash for the next drop. Of course, I.m not a true believer.
Looks like we may still drift higher, independent of the general market trend. That 697,000 share trade for $0.39 that crossed after-hours on 7 August seems to be setting the near-term target.
From their report:
Merriman Capital, Inc. expects to receive or intends to seek compensation for investment banking services from all of the companies in its research universe in the next three months. Investors should assume that Merriman Capital, Inc. is soliciting or will solicit investment banking or other business relationships from the company covered in this report over the next three months. Security prices in this report may either reflect the previous day’s closing price or an intraday price, depending on the time of distribution.Designated trademarks and brands are the property of their respective owners.
Merriman Capital Inc or its affiliates expects to receive or intends to seek compensation for investment banking services from Anadigics, Inc. in the next 3 months.Merriman Capital, Inc. or its affiliates beneficially owns 1% or more of an equity security of Anadigics, Inc..
I see noone by such a name in institutional holdings. Perhaps some affiliate, but that is not clear at all. I think Merrriman knows better than to invest in ANAD. Their report was a paid-for report, which is clear from their Disclosures above.
Merriman Capital Initiates on Anadigics, Inc. with a Buy Rating
Merriman Holdings Inc.
April 16, 2015 9:27 AM
AN FRANCISCO - April 16, 2015 - Merriman Capital, Inc. ("Merriman"), a wholly owned subsidiary of Merriman Holdings, Inc. (MERR), announced today that it has initiated equity research coverage of Anadigics, Inc. (ANAD) with a Buy rating and a $2.00 price target.
Anadigics, Inc. designs, manufactures, and sells radio frequency semiconductor solutions for infrastructure and mobile communications devices. Subsequent to a major strategic pivot and operational restructuring, ANAD is transitioning to a leaner, more profitable operating model centered around core company strengths and targeted at relatively defensible niches of the cable and wireless infrastructure market.