Earnings are May 17th according to yahoo! Is the restatement also do?
I believe they will also release the restatements, they are running out of time for delisting and I believe they will have all their ducks in a row! With this being said, wether one is short or long the time has come, and with a tech company being traded at a third of the book price with relevant products the time to cover is here, just my opinion but I bet we start to see a gradual increase at first, and $2 (at least) before they release. This company has been beat up with all the uncertainity but if May 17th all is cleared then we are looking at a $5-$8 stock and people will measure the risk/reward and buyers will begin to accumulate.
What are you basing your $5-$6 estimates on? I just don't see how you can build a model to justify your estimate when they haven't given us anything to work with. So please share your model and assumptions with us.
wrm what do you not get about this second extension? you seem to think it is like the other one where you just get 180 day no matter what? this one you get a set amount of time from the NASDQ. if you fail to meet this new deadline they just boot you, there is no more asking for a extension.
i'd say nasdq might grant them 30 days, if this. unles they come out and say this goes back further and is deeper then what they thought before? at that point they will hit the $1 listing limit and be in dual noncompliance.
anyway you look at it, OCZ has about 1 month to pull off something massive. if they don't they toast!