Knowing this will go long way to assure that he did actually leave because he had a better job lined up and not because he saw problems at RUBI.
I have told you before, and I will tell you again. That 300 million loan is the debtor in possession loan and it has a very specific legal status. It is one of the first obligations in line to get paid back and it is in front of all other loans. It will almost certainly be paid back.
But the common stock is the last obligation to get paid back. The common stock is after all the debt in line, and at this point it is safe to say that the company has more debt than value. Otherwise they probably would not be in bankruptcy.
I do not have a personality disorder, blatant lies being printed and people getting cheated out of their money. I know I am wasting my time typing this, but sometimes I get angry at the cruelty of this world, and typing little messages like this make me feel better.
I know that really annoys you because I am throwing a wrench into your desperate little scam to squeeze a couple of more cents of a worthless stock, but there you have it.
This is the debtor in possession loan. The debtor in possession loan is about first in line to get paid back. The stockholder is last in line. Those banks that loaned that 300 million will almost certainly get paid back.
Yes you can declare the stock worthless. If the unsecured debtholders can show to the bankruptcy court that they will need to get the entire stock of the entire company to satisfy their claims, then the court will issue an order that cancels the old stocks and gives new stock to the unsecured debtholders. This happens all the time in chapter 11 cases. Ask a bankruptcy lawyer.
When you are going into the weakest seasonal quarter, flat line sequential performance is great news. Sequential growth will come soon enough.
I think analysts might be boycotting us. Pera should try to be nicer to them. He should organize some analyst events, get to know them better, create some rapport, get to know their accents, etc. What he did during the previous conference call should never repeat.
Other than that, this was a great quarter, and the call, despite being short had mostly good news.
Today's bloomberg article said that the buyers want to see how the market will react to today's earnings report. It is pretty obvious today's report won't be great as the industry is experiencing a temporary slowdown in growth. So obviously the chinese are hoping there will be a plunge in prices which will result in them being able to steal the company at a cheaper price.
I urge SYNA shareholders to not be so stupid. We have the technology of the future with TDDI. We do not need to sell, they need to buy. The sell price should be determined not based on current market prices which tend to vary but on the intrinsic value of the company and its technology which is much higher.
Current market prices reflect only what very few of the shareholders are willing to sell their shares for. If you want to buy a company, you have to convince the vast majority of the shareholders to sell. This is very different.
What report are you referring to? The press release was pretty light on details.
What will you do? Will you tender your shares? Or will you insist that the board shop the company around? The pre-released results were not very good, but then again I am not certain they should be taken as an indication of the company's long term future.
Perhaps a Chinese company will come in with a higher offer. There are plenty of Chinese companies on the lookout for semiconductor technology that are out trying to buy anything they can get their hands on. Of course this is not semiconductors, but it is important networking technology.
I guess "AFLOPs" last flop was in the upwards direction, huh? What are you going to do now, that AFOP is being bought out for a big premium? How will you pass your time. May i suggest sudoku?
I do not think it means much. A lot of people are buying UBNT today without knowing much about it. They are just thinking, hey if RKUS gets bought out and Aruba gets bought out before it, and Meraki before it, then surely it will be UBNT's turn eventually. Those people will be sorely disappointed when they do a little research and learn about Pera and figure out that he is not very likely to sell.
One may argue that this merger will bring RKUS more ammunition for growth, but in practice such mergers tend to mostly cause execution paralysis as management starts jockeying for positions in the new company.
In the end of it, UBNT's performance will depend mostly on Ubiquity and not their competitors.
Let's be real here. They are not going to solve California's water problems, they are a bunch of electrical engineers. Wildan is best off doing what they are already doing -- using their expertise to solve power problems, help large organizations save on their powerbills and modernize existing powergrids.
Wildan is a small microcap company, there is enough work in the power sector to keep them busy and provide all the growth they can handle. They just have to execute.