so lumera/gig shareholders get diluted in half yet again, gig takes on up to 70 mil in debt for about 30 mil net assets, and takes on a company where sales have been plummeting, and company that is mired in major legal woes that for the past couple of years have been racking up spending of mega bucks in legal costs; and I am sure avi will pirate a ton of incentive comp and cash awards for himself and his best peeps for all the hard work on the acquisition and then again on each of the various restructurings, which will also create a long series of other costs as well for shareholders ( bagholders of the giggybank) here to bear imo
sounds about right, and look at avi's takeout on the lumera reverse merger, if he gives himself that level of incentive comp here the numbers are insanely high, I'd seriously bail on gig now before GSIT surrenders to avi, what a mess this will be
per the 3/31/14 GSIT balance sheet showed about 80 mil cash, the D/A uses 25 mil of that and drops o/s shares to about 24 mil x 3.17 special dividend = 76 mil, so not enough cash to cover all this the way I am seeing it, so the debt avi needs to take on is quite substantial, plus the overhang of the multiple litigation's which are currently running extremely high legal fees for past couple of years for GSIT, plus you know avi wants an enormous piece of this pie for all his hard work, lol, I'd bail now if I were a gig shareholder because I think GSIT will approve this deal based on the way oversubscribed D/A results
that's funny because I can't seem to sell any shares here, been putting limit orders in at the bid and still no takers
you are weak, and feel the need to compensate by lashing out as such, I forgive you little puppy dog, you will learn, all in due time
history speaks volumes here, add that into your equation to get the real answer
loser + loser = bigger loser
Deal will be immediately accretive Do you believe everything you read without verification? Ah, typical blah blah blah, you a gullible greenhorn
GigOptix Proposes To Acquire GSI Technology In Approx. $161 Mln Deal 8/19/2014 9:12 AM ET
GigOptix Inc. (GIG: Quote) announced it is proposing to acquire all of the outstanding shares of GSI Technology, Inc. (GSIT: Quote) for per share consideration of $6.50, consisting of (i) $2.00 per share in cash, (ii) GigOptix common stock worth $1.33 based upon the volume-weighted average price of GigOptix's common stock for the three trading days ending one day prior to the closing of the combination and (iii) a special dividend of $3.17 per share in cash payable by GSI Technology.
GigOptix Proposes To Acquire GSI Technology In Approx. $161 Mln Deal
so avi is buying this at a $33 million premium, imo just to raid the cash and give more lavish gifts to himself and his best peeps as historically he routinely has done here for going on 6 years since the lumera take down
congrats nelson, you are beginning to awaken, imo , avi strength is at seeking out opm (other people's money) to fuel his giggybank
GSIT sales are declining rapidly in 2012 was 83 mil , in 2013 was 66mil , in 2014 was 58 mil , this is a failing company with cash to raid
sorry profit you will need to wait til st patty's day to see green, this is just another gig recipe for an acquisition, a failing company with cash, take them over, award yourself and your best peeps loads of incentive comp and cash bonuses for all your hard work, tell the world how fast you are growing, yada yada, remember lumera was forced to raise 6 million before avi would do the deal with them, the shareholders were totally screwed, avi loaded huge amounts of incentive at 90+% discount to the opening price, and now they have been cast off and gig holds a minority interest
now give away majority of LX to BrP and Dr Dinu becomes chief of gig Sales dept? what does this say about this company?
a drop of 58% , anybody here wondering why?
profit, I am glad to see that one so long and strong here for so many years has finally decided it is time to remove thoe rose colored glasses and see the reality that is avi's giggybank, it is a reality that has existed since day one of the reverse merger of lumera, which was the truly the final toilet bowl flushing of the poor devastated lumera shareholders