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InvenSense, Inc. Message Board

flighit7 4 posts  |  Last Activity: May 21, 2015 1:04 PM Member since: Mar 15, 2004
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  • Reply to

    ANV (GQ)

    by bullz2bears May 8, 2015 1:15 PM
    flighit7 flighit7 May 21, 2015 1:04 PM Flag

    I have not seen the specific terms, so you may be right. I am certain he is in for a score. But note- just because he knows it does not make it inside information. Inside information pertains to information about the debtor that is known by the debtor etc.

  • Reply to

    ANV (GQ)

    by bullz2bears May 8, 2015 1:15 PM
    flighit7 flighit7 May 15, 2015 8:40 AM Flag

    Mike is good news, but you are wrong, he can trade his shares. He is restricted to not trading on Insider information just like anyone in the company. Should he get info, he cannot use it.

  • Reply to

    Why no mass executive exudus??

    by redbarchetta1978 May 5, 2015 11:22 AM
    flighit7 flighit7 May 5, 2015 9:22 PM Flag

    there is an opportunity - it does not mean shares survive - but just to pay back DIP if nothing else there is a company that survives - the value TBD

  • flighit7 by flighit7 May 5, 2015 3:49 PM Flag

    The rejected offer was not a bad one - they may be undervalued, but only if the buyer has money to free up the balance sheet. They are owed 50+ million by Libya and that debt is killing them. They did refinance that debt and things looks better, but still not great. The reason they did not accept the offer is that the Richter family started and still owns a lot of the company. Even for a good offer you would reject selling your family business. That is what happened here. If they were to sell it would be for 10+ and no one - I repeat will pay 10 for this company as it sits

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