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OCZ Technology Group Inc Message Board

  • hornice hornice Sep 25, 2012 10:23 PM Flag

    Inside Info

    Earnings report moved from Oct 3 to Oct 10, because STX is going to announce the buyout of OCZ at the closing of their puchase of the Solyndra plant on Oct 6, 2012. Delay was due to the plant purchase is part of the deal as was the departure of RP. Also institutions given chance to cover this week. Everyone wins. Theo is not m sourse on this, but alot of what he said is true.

    Sentiment: Strong Buy

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    • Liar about the be exposed

      • 1 Reply to greenype
      • Time running out for Solyndra bidders

        Silicon Valley / San Jose Business Journal by Nathan Donato-Weinstein, Real Estate Reporter
        Date: Wednesday, October 3, 2012, 5:52pm PDT

        Time is running out to elbow Seagate’s $90.3 million offer out of the way if you’d like to get a shot at owning the former Solyndra factory.

        Interested bidders have until Nov. 12 to submit “higher and better” offers for the 411,618-square-foot property at 47488 Kato Road in Fremont, according to a notice filed Wednesday in United States Bankruptcy Court.

        The solar-panel manufacturer went bust in September 2011 after burning through $535 million in federal loan guarantees.

        Before you start drawing up your offer papers, better check your bankroll: To be considered a “qualified bidder,” you need to be prepared to throw down $10 million (certified check or wire-transfer, please) on a “good faith deposit” right away.

        To have a chance at winning the property, bids must exceed Seagate’s offer by $1 million plus the “bid protection” amount Seagate is owed should it lose (a “breakup fee” of $1.8 million and “expense reimbursement” of $500,000).

        The auction — should qualified bidders emerge — will be held Nov. 15.

    • LOL...and you no doubt know more than the HF's and other institutions that are crushing the stock and/or staying away in droves.

    • Seagate Technology's $90.275 million offer will serve as the first bid in an auction. Solyndra has filed for a tentative Nov. 15 hearing for approval to sell the plant.

    • I am tired of defending this info. I can tell you I was in Broken Arrow Oklahoma this last weekend and played in a charity golf tournament for children with disabilities on Monday.Someone from from STX who worked in Oklahoma city was there and had been sailing with the captian( Drinking alot rum and cokes, ie Captain Morgan) I shorted STX today, when the news comes out it will reach the low 20s, and bought OCZ. Im tire of MM's taking advantage of retail investors. Do what you want and never invest money you cant afford to lose. When it comes to OCZ you cant trust anything you hear..

      Sentiment: Strong Buy

    • That is possible and I have thought along those lines as well. You could see Oct 6 or 15 th annoucement. Then you have Oct 26th is MSFT. I dare say some of the battle will uncovered by then.

    • jonathan.hankins Sep 25, 2012 11:25 PM Flag

      Did you pull that out of your rear end or what? Any reason at all for you to suggest that might be the case?

      Sentiment: Strong Buy

    • Oct 6 is a Saturday - they never announce buyouts on Saturdays. I've seen Sunday afternoon, but I've never seen a Sat buyout announcement.

      This really sounds made up if you can't give some evidence.

    • Why should institutions get to cover at low price? That akin to a bailout. Haven't they done enough damage? Let them burn and die.

    • Hi Hornice, I checked and the closing date is Nov 15, 2012... Something doesn't add up here. Any further..

      Sentiment: Strong Buy

    • Do you have a confidential source? You sound believable for some reason, unlike many of the others. I agree about Theo. He also wrote on aug 29 about good times ahead.

      Sentiment: Strong Buy

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