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TranSwitch Corp. Message Board

  • callclairegreen callclairegreen Mar 26, 2013 10:47 AM Flag

    Aspire

    Jobe, Aspire is not obligated to buy if the stock price is below $0.75. They have not announced the sale of any patents, just hinted it was coming. My suggestion to you is fasten your seat belt, it almost time to put our heads between our legs and kiss our #$%$ goodbye. My cost average for 96K shares is $1.93 and I am sure that is much better than the cost average of Dr. Ali and Herb Chen.

    Ochs

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    • Still not hopeless. I am looking at TXCC's outstanding shares. They have gone up from 35.9 million to 37.55 million in a few days. Looks like the company is raising cash. Not good from a dilution perspective but better than the alternatives.

      Sentiment: Hold

    • To finish my thought on a potential buyout that management doesn't support unless they absolutely have zero choice, any public mention of it will help TXCC as the share price will rise to the approximate level of the offer. This will make it much, much easier for TXCC to issue shares to Aspire at a much more favorable price to current shareholders. This will strengthen the balance sheet, and eliminate both the current Nasdaq issue with a sub $1 share price and equity issue. TXCC would then be a far better position going forward......of course, maybe this sort of rational on my part simply means that I can open a new business called Delusions R Us.......

    • Hello Claire,

      Thanks for that detail. I had considered buying more shares to average down. However, given that Aspire is under no obligation to buy shares, then as you suggest, I can only wait and see. Txcc may yet pull out of this financial crunch. However, given the lack of news release, the termination of a head exec, etc., it makes most sense to wait and see.

      Time will tell.

      Jobe

      Sentiment: Hold

      • 1 Reply to jobe1098
      • While there isn't much to cheer about right now, I don't believe that overall it is as bad as the share price indicates where the cash position etc. is concerned. TXCC had a good handle on what they required going into the beginning of the year and have been pretty open about it. It all boils down to whether HDplay will have success. All indications coming from TXCC is that a growing number of firms have signed on. I really think that the recent PR's like the one that included Technorol shows the depth and variety of applications that HDplay can be designed into and advantages that TXCC has in this area.

        Just because there haven't been any announcements about more licensing sales like the one announced last December doesn't mean that TXCC didn't close another couple of deals in this area like Ali said they were working on. Of course, given his track record with public pronouncements there is good reason to be concerned.....but in the end, I simply can't believe management and the BOD will sit there with one finger up their nose and the other hand with a finger (or two) up their rear ends drooling while it crashes and burns around them and all of them lose the money they invested in stock. It is of course possible that is EXACTLY what is going on.....but I don't see it.

        Ochs, while I own about half the number of shares you do, my price point is roughly the same, and the 10K, brutal as it is also is dealing with the past year. One other item here.....while we have not heard of any interest in TXCC from other companies, that doesn't mean there isn't. And while TXCC probably rejects outright any potential offer that wouldn't be in the $150 million or more range or a lot more....remember that a potential low ball offer.....let's say $80 million or so, would accomplish one thing......a much higher short term share price that would allow TXCC to issue the daily maximum shares to Aspire under their agreement, improving their cash position.

 
TXCCQ
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