I am thinking that the main reason was not to fuel the lawsuits. Don't feed fuel to the fire so to speak right? I am hoping some lawyer suggested to OCZ not to release them until NASDAQ said your being de-listed. Seriously, RS said he thought we would easily have financials done by October. What on earth could have been SO TERRIBLE that we still don't know 9 months later? I am thinking (hoping) the withholding of financials has become a need to know basis and we just don't need to know. I realize it is holding down the stock price, but why would R. S. care about the stock price. There really isn't much more he can do to hurt it. So what if it drops 50%? The stock isn't worth anything anyways. 50% of 0 is still just 0. Maybe now that some of the litigations are behind us maybe we will see some financials. Thoughts?
Someone serious answer please? I am not the lawyer type.
1) was there a chance insurance would not cover? I am assuming that since stock didn't fly after hours that this was expected.
2)there are several lawsuits. I am assuming this is the large consolidated one for all shareholders? (did shareholders have to talk to a lawyer to get representation?) This is really good news is if the major lawsuit is behind ocz right? The people who talked to their own lawyer will have a different lawsuit I assume?
It's not that they don't have an open mind. The problem is that since R.S. took over, he has shown nothing to prove he is doing a good job. The only thing we know is that the company is still operational. I'll admit, that was probably a good feat in itself, but we have no idea just how well or how bad of a job R.S. is doing atm. He is playing the hide everything game until the good outweighs the bad. Not sure if I like that because it makes investing nothing but a gamble.
The kind of OEM deal you are talking about is too distant for OCZ. We aren't going to land in a Lenovo Laptop anytime soon. Think about it. The margins on something like that would be terrible. We just got done cutting all the products that might possibly be put in a deal like that. ATM, with the small size of OCZ, in order to land a deal like that we would be selling our drives for a loss. Oh, wait RP already tried that and got fired.
They are doing things right. The company would have to hit about a billion in revenue before it was able to handle a big OEM deal. What we need to focus on is a BIG Enterprise contract. Thats where the money is. This is the perfect way to get our products out there and get people talking about it. Keep landing small fish and sooner or later a big fish will bite.