I would not say buyout is most likely. The fact is Q'2 came in at $33M. They restated 2009 to present with oct 15 earnings report coming soon, which is a plus given Nasdaq delisting was still on table up until yesterday. There are so many issues and yes buyout solves all of it, but given the projected revenue for rest of F2014 and maybe guesstimating F2015 revenues, $OCZ is no where close to where it used to be. Listen, I'm a big $OCZ fan, but notch says invest at this moment in time. Now a cc is scheduled for today, wait and see what he says. Does RS mention a suitor is interested? Or does he lean towards DBank parting out the company. Obviously this mess was a huge one. The numbers obviously reflect the impact especially with Q'2 being the worst if the worst. The fact is what they made in Q'2 and how much it costs to be in operation is beyond pathetic and $10M cash on hand with bad credit... Just don't think other companies look at this and say can we do it? If anything, $OCZ survives for another 3-4 Q's while progressing each Q increasing revenues, decreasing margins and inventory. That would mean another capital raise or asset selling.
Roy, the Q2 numbers are not what they would have been if financing was intact. The real question is, what happens after they get new financing? My take is, they will pick up where they left off in Q1 meaning improving gross margins and soon profits.
Q1 gross margins show a HUGE improvement vs. the restated gross margins, you can't compare to the previously stated GMs isn't that obvious? Q2 numbers are not a valid comparison, if the financing had not been yanked the Q2 numbers would be a lot different! Like I said, let's see what RS has to say!