I have a strong suspicion that ocz rejected toshiba lowball BO and we will see dilution soon.
so.... if institutional holders + debenture holders bail for 2 days, and then shorts cover the next day... how is that manipulation by the money manager? sorry man, you just have no evidence of manipulation.
we were in the 1.30-1.40 range, should have done a 30-40m raise at 1.15... granted we would have been severely diluted, but if demand was the products were there as MGMT stated during the last CC, we could have been profitable in 2Qs... would be in a much better state than now.
right. i agree with you but i'm stating that at this point they do want their SSD business to grow since they have become more competitive in this area. i think short term it would hurt their NAND sales, but they're content on letting their ssd brand develop rather than help develop their competitors ssds. in the long run i'm assuming this will help their BL.
you don't think they know this? lol.. that's what they're trying to do, but they have no cash or NAND to ship product to make any $.... the little revenue they are getting doesn't offset opex... the restatement affected their credit to obtain any nand supply agreeement, MU cut them off, they couldn't fulfil the MSFT contract, msft went with someone else, and now they have a eMLC inventory from the msft they are trying to dump to keep the lights on as long as possible.
unemon, if the debenture holders are selling from 1.26, that means they are taking a huge loss from their investment... must mean they know ocz will be sold for much less and they'd receive more from the open market by selling.
dude... the HTGC warrants are gone... read the SEC filings. the new holders are the debenture holders who may opt to have their bonds convert at 1.26 or keep the loan line for a 9% annual return. they also have the .75 warrants at 5.7M shares which ocz in return can use the capital for.