Now it sells itself for $35m
This must be joke
The brand name alone is worth more than that, itll take more than $35m to build a brand name thats widely recognized in USA and Europe.
It has a pretty good R&D team
Fairly good consumer grade controller, and enterprise controller in the works
This must be a joke
I'm sure theres gonna be a counter offer, its worth the gamble at this price, I'm in @0.15 with 100k shares.
Yes they will be hired again, Art transfered to another company as the CFO, Ralph is well known in the storage industry, he'Ll definitely be hired again.
THey're bankrupt because they failed to abide by the covenants, and hercules took control of the company as a result. Now they're gonna ship it to the highest bidder. OCZ will declare bankruptcy, and hercules will take all the assets, this is messed up.
yeah the company is bankrupt because of ashraf, he got al qaeda to threaten RS into filing for bankruptcy
yeah that small profit im talking about is 15k lol, the avg cost of those shares was 0 for me, I sold them for 80 cents by the vay.
Not to lose any money in this POS, once had over 50k shares at an average cost 1.92, managed to get out at 2.33
But it was due to luck, not my investor skills or anything.
PIPSTER and his crew were right after all.
All of them are basically near or at their 52 week lows.
How come the SSD industry is like this?
FIO seems to be holding well at a market cap of 1b
VMEM got crushed bad tho
OCZ on the other hand is holding well too, 50m market cap is good for a near bankrupt company, but VMEM seems cheap at 250m, dont you think?