Do you really think he would take the job, handed 50,000 shares and an additional 200,000 options at ironically $1.76 (close on Friday) if this thing was going in the dump. Make your own decision...I made mine.
I have been wondering that same thing myself. I wish I knew what he knows. By their very nature CFO's are generally more conservative. I can't wait until they announce. I wish I had the power to force the issue. But I agree the fact they recruited a well respected CFO means he knows something good. I just don't see a new CFO signing up and then taking equity over more cash compensation if he didn't have some insight into positive opportunities.
Agreed. There was a plan set in place when the BOD figured out RP was screwing $OCZ. They have done everything they need to do and once these numbers are disclosed, add a few more decent quarters, additional revenue streams, growth from Q-Q & y/y... very bullish on all accounts. If in fact you were doing your due diligence and made a ton of money shorting $OCZ (Over the past 6-8 months) you should have turned around and start initiating a position into this stock when this was pummeled to $1.15. Fortunately the stock is not too far off the 52-week low and with a few recent developments, $OCZ has the potential to regain some respect from the street. RT taking the equity is proof that he is in this to add to his resume, sell this company and everyone who par-took will benefit. $OCZ long.... its when not if.
kitty there is absolutely no reason someone wouldn't take a well paying job! i mean after all he was unemployed when they offered him a bunch of money why wouldn't he take the job? i don't see this as positive or negative for the company ii just see it as a guy who needed a job and took one.