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OCZ Technology Group Inc Message Board

  • mr_kim_1660 mr_kim_1660 Jul 2, 2013 7:54 PM Flag

    Biddings are @1.83 after update

    It should be

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    • stop dreaming and face reality

      - they are once again delaying their restatement for another two months
      - this means at least another two months without the possibility of an acquisition by a major player
      - another waiver from Hercules needs to be obtained
      - another huge penalty will have to be paid to Hercules diluting common shareholders even more
      - another two months without the chance of raising some new equity (but frankly they should sell the company instead of taking in new money to burn through)

      so expect the stock to take a hit tomorrow as there's no way to give this "update" a positive spin - I doubt it will go down below $1.50 though as common shareholders are already used to bad news and are still hoping for a short term buyout of the company at a huge premium.

 
OCZ
0.050.00(0.00%)Dec 26 4:00 PMEST