For the money. Torres has a track record of being involved in taken-over companies. IOW knows how to put a shine on something and then benefitting from the buy-out. Presumably Torres thinks OCZ stands a chance of being taken over and/or is being remunerated enough to give it a go.
Im sure they can use that excuse and possibly get another extention. However, the fact is they were awarded $15M, meaning for the last few months, they have been engaged with Hercules and to my understanding, the financials have to be complete and in order before doing so. They publicly announced the investigation was complete. It will be interesting as April 8th is nearing. If they do ask for another extention, $OCZ may trend towards $1.52 - $1.67 area and do so until the finacials are disclosed. $OCZ at that point will have the street wondering how much is this company worth and every shorty will be right in the sense that their view is "why would a company who is still deliquent worth anything?" That is correct, until like I said those numbers are released and put in the past. Now you will have more positive then negative news in the future creating an upward trend, and if $OCZ can regain those revenues that had once before, realistically this should be trading $3-$4 level in 6 months. More or less, if you invested in $OCZ in the $1-$2 in due time your investment will pay off. Gotta love a comeback story. And of course, I am subject to change my thesis given any logical negative information that hits the street. $OCZ really long
Sentiment: Strong Buy