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GigaMedia Ltd. Message Board

  • sheezymcneezy sheezymcneezy Aug 17, 2010 6:10 PM Flag

    Shorts, GIGM is well under cash value, you should cover fast.

    I like short sellers, and most are smart. But theres no more downside to this stock, sure maybe a fast blip like to 1.88 last week, but those blips are short lived and so is the price under $3.

    theres 850k shorts on this tiny little stock. I urge you guys to cover not because i think GIGM is going to $10 right away or anything, but because there no downside left. Its under cash for god sakes.

    Theres lots of shares for sale between 2.05 and 2.10 apparently, enough to cover 50k shares, why not take advantage while you can before someone buys em.

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    • Dude you need to mellow out and stop exaggeration and the pumping, it's just too desperate! In the nearterm we will see $2 a share in cash

      • 1 Reply to robert.stromberg
      • net cash by Q3 will likely be $2, and tangible book will likely be $3+ including investments and other liquid assets.

        further, im not pumping, imo, mangas will pay them way more by 2012. they could net another $1 per share cash on the first payment as described.

        And the second payment in 2013 should GIGM use its put option, will exceed $65mil CASH, simply because all player account balances has already been discounted as per their may 27th call, the 2nd payment is 65mil+ all cash.

        Overall their net cash considering all things, will be over $4, of which yes, Net cash will be $2 short term.

        Im looking forward to 2012 and 2013 payments.

        Just because more cash is coming in a year or two makes it only $2 to you huh? Thats utterly ridiculous, a company should be valued at what theyre entitled to, and Mangas will pay them handsomely in Q2 and in 2012/2013.

        And yes im letting people know that the current market cap is just barely equivelant to the first payment from mangas + their cash on hand.

        Further, I expect a rise to $3.50 soon enough and hope people take advantage, both shorts and longs.

1.06+0.02(+1.92%)Jul 9 4:00 PMEDT

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