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Oclaro, Inc. Message Board

  • o.investor o.investor Mar 5, 2013 1:01 PM Flag

    remember that Dec 11 PIPE

    that deal pretty much guarantees the company and all its assets for $25M.

    If you got a piece of that PIPE - its in your best interest to have Oclaro file Ch 11. Pick up the pieces and make a few hundred Million selling assets.

    Read the language of the deal - there are so many restrictions - including cash balance, asset sale, merger etc. that the debt holder is calling the shots going forward... not Alain and certainly not the board.

    I would not be surprised if the debt holders file non-compliance of covenants and cause further panic.

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    • Rehash the old news and old lies. The company is continuing to improve their offerings, technology, customer base---and it is definitely in the best interest of the convertible offering buyers to see the stock go up. If the stock goes above $1.80 they can make a killing--in addition to their 7.5%. They will become much richer if the stock appreciates---and so will I.

    • How about making $300 m out of their max. 17,605,632 shares if the stock seriously move? All the while collecting 7.50% while they wait? What is the better deal? Righting the ship or going through the nightmare that will be a bk and selling off assets? What the PIPE is after is trying to align all shareholder's interests.

      Sentiment: Buy

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