yeah i've seen this about 10 times, and all 10 times the stock took a huge hit.. orderly exit strategy in place... i will continue to hold because i'm a bonehead.
every day this goes by... the potential BO is lowered (if any)... i'm hearing reports of much lower rev expected now... my fear of a larger playing that actually wants OCZ but is waiting till they kill themselves to get them cheaper is started to come to fruition.. GL all... we need a miracle.
and... the flash trade is dying...becoming a commodity.. too much competition... increased opex on marketing and r&d but the revenue just not coming in... mlnx had 64% GM and didn't make a dime this quarter!
revenues aren't rising for them and they continue to bleed money even with 57% GMs... they're dead unless huge revenues are coming soon and it doesn't look like it.. SSD space is a commodity now.. no money to be made here... luzco was right..
i think shane's the type of guy who'd rather grow in Rev and take a hit on GM's (which is why I think Flynn was ousted and primarily wanted a very vertically integrated approach)... they definitely will acquirer more tech along the way.
we got screwed by MU with the NAND deal since they cut us off and are only supplying themselves internally... this caused us to lose many big contracts which have otherwise would have gone to us and turned this ship around...
pip, unemon is right. they aren't trying to arbitrarily raise a "set" amount from the $1.70 raise. they are simply lowering their conversion price so the holders get a better deal. but they will still have the same amount of converted shares... the dilution amount will still be the same.
again dude, ocz's valuation is very skewed right now given their financial condition and very weak balance sheet...