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Vitesse Semiconductor Corporati Message Board

stockyardbull4 16 posts  |  Last Activity: Jul 6, 2016 9:01 AM Member since: Aug 20, 2009
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  • stockyardbull4 by stockyardbull4 Jul 6, 2016 9:01 AM Flag

    They say when you are in a hole, stop digging. Isn't it about time they took the shovel away from Dourney?

  • A long time stockholder in SCON bought 1,200 shares of stock the beginning of 2006. After two reverse splits a 1 for 10 in 2006 and then a 1 for 12 in 2013 he has 10 shares left and now if they do a 1 for 10 after all these years he will have 1 share worth $ 2.00

  • Reply to

    Cost of sales is a JOKE

    by svenkarls1 May 25, 2016 12:21 PM
    stockyardbull4 stockyardbull4 Jun 8, 2016 10:06 AM Flag

    RJ Dourney, Cosi's President and CEO, blah ,blah, blah, blah!

  • On June 1, 2016, Nxt-ID, Inc. (the "Company") received a determination letter (the "Letter") from the staff of The Nasdaq Stock Market LLC ("Nasdaq") stating that the Company has not regained compliance with The Nasdaq Capital Market minimum bid price of $1.00 requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). As previously disclosed, the Company was initially notified on November 30, 2015, that the bid price for its common stock had failed to satisfy the minimum bid price requirement and in accordance with the Nasdaq Listing Rules, the Company was provided 180 calendar days, or by May 31, 2016, to regain compliance with the minimum bid price requirement. The Letter also stated that the Company is not eligible for an additional 180-day extension to regain compliance with the minimum bid price rule because the Company does not meet the minimum stockholders' equity initial listing requirement for The Nasdaq Capital Market.

    Pursuant to the Letter, unless the Company requests a hearing to appeal this determination by June 8, 2016, the Company's common stock will be delisted from The Nasdaq Capital Market, trading of the Company's common stock will be suspended at the opening of business on June 10, 2016, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq.

    On June 7, 2016, the Company requested a hearing before the Nasdaq Hearings Panel (the "Panel") to appeal the Letter. The Company will be asked to provide the Panel with a plan to regain compliance with the minimum bid price requirement of Listing Rule 5550(a)(2). The Company's plan will need to include a discussion of the events that the Company believes will enable it to timely regain compliance with such requirement. The Company plans to submit a plan that it believes will be sufficient to permit the Company to regain compliance with the minimum bid price requirement

  • stockyardbull4 stockyardbull4 Jun 1, 2016 2:09 PM Flag

    You are wrong!!! They are not giving away anything! If you own stock in the company and you feel that way you better sell now!

  • stockyardbull4 stockyardbull4 Jun 1, 2016 1:58 PM Flag

    I totally disagree! If they were giving the stock away, I would agree but they are going to receive twenty million dollars, that is not dilution!

  • stockyardbull4 by stockyardbull4 Jun 1, 2016 12:10 PM Flag

    Under the rights offering, Cytori has distributed one non-transferable subscription right for each share of common stock held on the previously announced record date of May 20, 2016. Each right entitles the holder to purchase one unit at the subscription price of $2.90 per unit, composed of one share of common stock and 0.5 of a warrant, with each whole warrant exercisable to purchase one share of common stock at an exercise price of $3.48 per share for 30 months from the date of issuance. Cytori has applied to list the warrants on NASDAQ, although there is no assurance that a sufficient number of subscription rights will be exercised so that the warrants will meet the minimum listing criteria to be accepted for listing on NASDAQ under the symbol "CTYXW." The warrants may be redeemed by Cytori prior to their expiration if Cytori's common stock closes above $8.70 per share for 10 consecutive trading days. The subscription rights are non-transferrable and may only be exercised during the anticipated subscription period commencing today through 5:00 PM ET on Thursday, June 9, 2016, unless extended. A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission.

  • stockyardbull4 by stockyardbull4 May 28, 2016 6:25 PM Flag

    The Rights Offering ends in seven business days. Has anyone received their rights yet? I have not.

  • stockyardbull4 by stockyardbull4 May 24, 2016 5:04 PM Flag

    Didn't they do a reverse split about three years ago? What good did it do?

  • stockyardbull4 by stockyardbull4 May 19, 2016 9:15 PM Flag

    I am positive the RS will be 1 for 10 because 1 for 4 would put the stock at $ 1.20 and under a dollar will get kicked off the exchange. "Approve an amendment to our Amended and Restated Certificate of Incorporation, as amended, to reduce the number of authorized shares of common stock from 1,000,000,000 to 250,000,000 (on a post-split basis), if and when the Reverse Stock Split is effected pursuant to Proposal 2 (the “Authorized Share Reduction”) They can amend their certificate to what ever they want, I have seen this before. Just my opinion.

  • stockyardbull4 by stockyardbull4 May 19, 2016 8:54 PM Flag

    Since the stock has fallen from over 5 dollars to 29 cents in a year and a half, why
    does the CEO make 4 1/2 million dollars?

  • stockyardbull4 by stockyardbull4 May 18, 2016 5:16 PM Flag

    The table below summarizes the treatment of the Affected Stakeholders in addition to other stakeholders under the Restructuring Plan.

    Stakeholder Treatment
    Senior Secured Revolver - New or amended reserve based facility to be provided by existing lenders
    2L Notes - Unaffected and reinstated
    3L Notes - Fully equitized into 76.5% of the pro forma equity
    - Receive $50.0 MM in cash plus accrued and unpaid interest through March 31, 2016
    Unsecured Notes - Receive 15.5% of the pro forma equity
    - Receive warrants for 4.0% of the pro forma equity (4 year term, $1.33 BN equity strike)
    - Receive $37.6 MM in cash plus accrued and unpaid interest through May 15, 2016
    Convertible Note - Receive 4.0% of the pro forma equity
    - Receive $15.0 MM in cash
    - Receive warrants for 1.0% of the pro forma equity (4 year term, $1.33 BN equity strike)
    Preferred Equity - Receive $11.1 MM cash
    Existing Common Equity - Receive 4.0% of the pro forma equity

  • stockyardbull4 by stockyardbull4 May 12, 2016 2:01 PM Flag

    Now seventeen cents!

  • stockyardbull4 by stockyardbull4 May 12, 2016 9:26 AM Flag

    What are these guys getting paid for? They should only be paid in stock.
    Mr. Jeffrey A. Quiram , 56
    Chief Exec. Officer, Pres, Director and Member of Stock Option Committee 360.00K
    Mr. Robert L. Johnson , 66 Sr. VP of Operations 258.00K Mr. Adam L. Shelton , 49 VP of Product Management & Marketing 252.00K

  • stockyardbull4 by stockyardbull4 May 11, 2016 1:42 PM Flag

    We are distributing to holders of our common stock, at no charge, non-transferable subscription rights to purchase units. Each unit, which we refer to as a Unit, consists of one share of common stock and 0.5 of a warrant, which we refer to as the Warrants. Each whole Warrant will be exercisable for one share of our common stock. We refer to the offering that is the subject of this prospectus as the Rights Offering. In the Rights Offering, you will receive one subscription right for each share of common stock owned at 5:00 p.m., Eastern Time, on May 20, 2016, the record date of the Rights Offering, or the Record Date. The common stock and the Warrants comprising the Units will separate upon the closing of the Rights Offering and will be issued separately but may only be purchased as a Unit, and the Units will not trade as a separate security. The subscription rights will not be tradable.

    Each subscription right will entitle you to purchase one Unit, which we refer to as the Basic Subscription Right, at a subscription price per Unit of $4.00, which we refer to as the Subscription Price. Each whole Warrant entitles the holder to purchase one share of common stock at an exercise price of $4.80 per share from the date of issuance through its expiration 30 months from the date of issuance. If you exercise your Basic Subscription Rights in full, and any portion of the Units remain available under the Rights Offering, you will be entitled to an over-subscription privilege to purchase a portion of the unsubscribed Units at the Subscription Price, subject to proration and ownership limitations, which we refer to as the Over-Subscription Privilege. Each subscription right consists of a Basic Subscription Right and an Over-Subscription Privilege, which we refer to as the Subscription Right.

    The Subscription Rights will expire if they are not exercised by 5:00 p.m., Eastern Time, on June 9, 2016, unless the Rights Offering is extended or earlier terminated by the Company. If w

  • stockyardbull4 by stockyardbull4 May 3, 2016 9:15 AM Flag

    Below pre split price

VTSS
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