One would think so. But no takers when it bottomed at 60¢ who knows what this company is truly worth? But I think it will only be worth more as the days pass.
This number seems suspiciously small? It feels like a tiny band-aid to the cause. Is that because this was the maximum amount that they could borrow, or do they they feel that they just need a small amount to bridge the gap. We shall see.
This, Philip, is undoubtedly a game changer for Mosys. Better get back in before this thing takes off and you are left crying in your empty posts.
O.K. boys and (Phil) here is something to ponder over the weekend. There was an article that appeared and then mysteriously disappeared from Google finance. It pointed to the form 13 GA or whatever in which Ingalls and Snyder filed with the SEC which stated that as of 3/22/16 they had increased their ownership in MOSY to the tune of a total 15,123,336 shares. As of 12/31/2015 (according to Nasdaq) they had owned 9,813,481 shares. Therefore Ingalls and Snyder have theoretically purchased 5,309,855 shares between the end of 2015 and now. There have been 59 trading days since the beginning of the year. The math shows that Ingalls and Snyder's stock increase over those 59 days is roughly 89,997 shares per day. -which Ironically is about the total number of shares traded over that same period. So unless this data has a complete and major flaw, it looks as though one institutional investor (and the number 1 holder, I might add) has purchased virtually every available share since the year has started. hhmmm...
So Phil, why are you wasting your time dribbling your negativity on dc and myself, when you should be camping at the doorstep of Ingalls and Snyder so you can help them save Millions on this "foolish" investment? -just curious, how many letters have you written to them? I look forward to your feedback and have a nice Easter Weekend. JC is risen!
Can you please be more clear in your response. Are you saying that Ingalls and Snyder is the holder of the Senior note? Did they front the 8 million? And if the company goes bankrupt, which you say is certain, what do you think they will recoup from their 20+% investment. Also, do you think that there is a chance that Ingalls and Snyder have a "hunch" that a long term investment in this company may be profitable? Have they ever been successful before investing heavily in one of Len's companies? Thanks, in advance for your unbiased input.
looks like there another was another batch of krap to be purged from the MOSY toilet. We are near the all-time low and nobody is stepping up to buy some from inside. If Len would buy even a few shares, it would likely climb back up to a buck.
Sell, hold,hold, buy, sell, buy, buy, hold, sell ,buy. -these people are fantastically #$%$. how about a little "in depth" analysis? even the Penguin tries to offer that.
For a company that is supposedly going bankrupt, they sure went to a lot of trouble making sure that they have all received compensation and stock for the coming years. ...it's almost as if they are planning to still be a viable business in the years to come??