because it's very undervalued and its recovering from the BS bloomberg article. you need to rethink about investing if you think a poorly written SA article can influence the market.
austin cmon... you said BK or BO... we all knew that, you were stating the obvious... and technically you were wrong because it was BK AND BO. lol.
ha yeah, well being one of the smarter posters here is not saying much.
the worse part of this is that we were close in making it, but ultimately when MU yanked their supply agreement with them, it screwed any hope. oh well. now i'm very long MU, lol.
move on meaning dump this POS and move on with your life. since when does owning the stock qualify someone to write on a message board? owning this stock for over 2 years qualifies me enough.
thought you were one of the smarter posters here and yet you still hold on...
greg you need to get out of flash stocks... this was the easiest short ever... i told this at $7 and above... get out what you have left.
fair enough... but don't expect anything to happen. i was one of the more vocal longs, but now at this point i realize it is over. all ups and downs will be to day traders/speculators with short covering...
he's got it right gilbert. after the BK sale goes through, that 35M will go toward liabilities, legal costs, etc... nothing will be left for shareholder...
as i said numerous times, i suspected this would happen... this company has no regard to its shareholders... and all the employees will be fine. mgmt keeps their salaries and jobs and the company actually becomes healthier with toshiba's resources. this year was the "illusion" of trying to stay independent.
you telling me they couldn't do a secondary and dilute us severely rather than face BK? you telling me BK was the best option? they new they violated Hercules covenant long ago and they could call back the loan at ANY TIME. they didn't plan well and this is what happened. IT IS OVER.
It is over buddy. Seriously time to move on. It's a blessing. This company when it doesn't lie is incompetent. Seriously thought the IP would at least spark some time of value in the BO... But no one wants it. That's the truth.
I don't think any realists here are surprised what happened here. I've been straightforward with everyone regarding the real possibility of this happening especially with ocz publicly stating that they were in violation with the Hercules covenants. However, the biggest misrepresentation was demand for their enterprise products. They had one large win and that was SATA/SAS. We might have had msft at one point but that contract was lost due to MGMT's inability to secure NAND (a huge failing). If we had future demand of our enterprise offerings (pcie) we would have seen outer suitors. Truth is, what we had in the pipeline just was not worth it. This company has never been about the shareholders and frankly we were misled about their IP.
Take it for what it is worth. Don't invest in flash. This industry is too competitive and even the highest of margins won't produce profit due to stagnant revenue growth.
Now we all can move on.
well i'm in the same position... i think we end up at least around 1... if I sell here, i don't think i can make 100% that quick any where else, so i'm content to wait now.
well to be fair, the promotion with the defense bundle looks like to be a tigerdirect only promotion... but the 79.99 vertex is what troubles me... i think they are trying to boost Q3 rev as much as they can at this point.
i think what we're beginning to see with ocz is a focus on endurance/reliability... ocz in the past set themselves apart from the crowd with their performance, but their reliability took a big hit... now they're R&D is focused on the exact opposite, while maintaining above average performance... anyone that is interested in ocz would like to see an improvement in real world endurance/latency especially after sustained use of the drive... that's why with the vector 150 you basically saw the same performance specs, but a huge improvement in endurance... that's what the market see value in.
i've asked myself that many times. if i was to sell, i should have done it 1.20+... the way this crashed unexpectedly took me by surprise... i continue to hold at this point because i don't have much to lose (since I've lost 90% of it)... and the IP in IMO is still worth more than 40m.
"The OCZ Vertex 450 128GB Solid State Drive (SSD) can be had along with the Total Defense Premium Internet Security Bundle -- for a mere $29.99. TigerDirect has been doing quite a few of these bundles with Total Defense Premium Internet Security. Usually they involve a large rebate, in this case $90, but users are required to activate the software in addition to sending in a mail-in rebate form....
The OCZ Vertex 450 128GB Solid State Drive (SSD) can be had along with the Total Defense Premium Internet Security Bundle -- for a mere $29.99. TigerDirect has been doing quite a few of these bundles with Total Defense Premium Internet Security. Usually they involve a large rebate, in this case $90, but users are required to activate the software in addition to sending in a mail-in rebate form."
if you buy the vertex 450 128gb off tigerdirect, its $79.99 after rebate which is still a pretty good deal... i seriously don't know how they are making money off this...