OCZ Technology Group, Inc. Message Board
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Dilution, if any, to Shareholders will be minimal
Per Ralph.
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I would think a private equity group would be licking their chops at this possible steal of a company. You can not dilute when you have not filed your statements and then any kind of reasonable numbers in the 4th will help. The 4th quarter maybe their saving grace. Personally RS needs to take ownership of this company and really drive the OEM in an SSD deal it sounds as if that is what Vector is for and personally that needs to be his personal goal for this company and its needs to be a real deal. If he cannot obtain that in 6 months they need to sell the company.
- 1 Reply to hokiestock
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RS seems quite confident that he can raise funds, but this concerns me because he doesn't have any leverage for good terms. The longer he waits that cool demeanor will turn into a scurry.
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Just like he said the acctg issues were minimal with one small customer right? Lmao, how many times can u guys be fooled????
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Guys, he's said this multiple times since he took over as CEO. Unfortunately the only thing that matters when it comes time to raise cash (very soon), is how much they'll need & who's willing to give it to them?
Best case scenario is that they are able to pay down the WF credit facility & are able to negotiate a new $60M facility they can use, until they become profitable.- 1 Reply to tradn2live
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Sounds like there's room to decrease inventory a bit. As long as they're close to break even that should allow them to continue to pay off the WF line of credit.
Also mentioned they could sell off the PSU division, but that'd take a while to find a buyer.
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they can't dilute until they file, so yeah if you listen to what he said of course it be minimal right now and they need the cash TODAY!
- 2 Replies to pipster1234
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you're right they need cash NOW which is why you can be sure they will report on time by the 28th. He talked about being open to a buyout if it made sense and talked about another new controller due out by the end of the year so it seems hes not worried at all about getting cash or going BK.
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Wells likes what OCZ is doing and is working with OCZ....U need to listen harder!
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This is huge.
- 1 Reply to johnnywvw54
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Ralph has skin in the game also...Nice to hear.
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