do u really think they would've done that if they weren't reasonably certain that OCZ will not only survive, but thrive? Hercules is a public Co; they understand the game w/ the SEC. The delinquent 10-Q's are IRRELEVANT; they will get filed. Future stock price action will be predicated on what is happening NOW & whether OCZ can execute on enterprise/OEM opportunities. Again, do u think Hercules would back OCZ if they didn't think OCZ would succeed in said Enterprise/OEM space? get a grip Shorty...
you are cluless. Herc is secured on OCZ`s property meaning the controller and some assembly lines in TW. All they gave is a mere 20 mln - the risk of losses for them is tiny - it will not be hard to get back that money selling out the controller. And maybe a dollar or two will even be left for the longs :)
yeah - as you can see in the credit terms they are very well pricing in the possibility of bankruptcy - actually HTGC acts as a lender of last resort to companies with no access to regular capital anymore - they have a huge portfolio of high risk credits with high interest rates so of course some bankruptcies are within the calculation.
Look at MELA today - another loser company is getting a HTGC loan.
all the smart shorts have already covered because they realize this. There is way too much risk to still be short this company just based on old numbers/hope for huge dilution when enterprise wins will most likely be announced at the same time to counter it. This is easily a $5 stock when the 10Qs come out and the news settles in.
I think your under estimating the impact of revising 5 quarters of cooked books. Also interesting to note is the old CEO Ryan P. is currently in hiding per court documents via pacer. They are unable to serve him papers as of yet in 1x of the many lawsuits.