FB posted great #'s, it fell a few % mainly because it's just way overbought and market was looking for any excuse to dump.
I did read the whole thing, although it was probably a waste of time. It's not really a bad deal if it gets them out of bankruptcy. Instead of making sapphire for apple, they're selling furnaces. Leaves them a way forward, and seems like maybe there's other business worth preserving or apple wouldn't make a deal based on continuing operations
Where do you see that? I thought I read that they only owe back whatever they can get for the equipment, no more, that Apple was agreeing to take a possible loss.
What is that projection worth when they up and file bk with no warning? Management belongs in jail
there's a chance equity will be preserved, but I decided to be happy with a quick turnaround and leave it at that for now :D 23% in one day ain't bad anyhow
'quite healthy' is a stretch, cmon. they had barely any income, decreasing revenue, large negative cash flow, and significant debt. best case is that they can take on additional debt to carry operations for a few more qtrs. and then what? can they actually post a profit on their operations?
if I had bought when you first posted this I'd be up 40% by now. that's unusual though. normally these pump n dumps are already topped out by the time ppl start spamming the msg boards
if there's enough gamblers, yeah this could go well above $1... why not put a little in it with such upside potential?
they will come out of bk, no question of that. question is, will current shares remain, or will they get canceled?
it won't be settled until bk is complete. just a matter of opinion now. recent news tips scale towards preservation of equity, but.... still a guess