Would we know by way of an SEC filing or other means if they are selling shares? I'm not sure but, my guess is they are not buying to support the price based on OCZ market activity since the S1 was filed.
I would have figured that would have happened yesterday, at a higher price. I think if 1.20 does not hold, we could see a re-test of the 52 week low soon.
My rough calculation from last week was 6 weeks, so that would mean 5 more weeks left, JMHO.
I read that differently than you did, apparently. I was thinking the strict restructuring was in regard to finances, isn't BK a form of restructuring, meaning you are negotiating with the creditors and "restructuring" the debt?
I hope this doesn't affect the price, if the PPS were trading above 20 where it should have been, I could see maybe some profit taking due to this apparent weakness, but now it looks like value buyers are keeping it up.
Sentiment: Strong Buy
Don't forget, one of the options is strict financing and restructuring. Ouch! Anyhow, even if that is the worst possible outcome for investors, it might be the only option available to OCZ.
P/E implies there are earnings. What earnings were you referring to? Can P/E be calculated with negative numbers, because if so OCZ would have a fantastic P/E!
The FIO resident basher who shall remain nameless had it right, FIO was ONLY trading above 10 because of a pump/dump facilitated by an analyst to help out their hedgie buddies.
Leadership? Didn't they jump ship? Gold standard, you must be referring to VMEM.
I think you will see, they are taking market share and growing quickly. Enough about VMEM let's talk FIO real quick, I'm a buyer at 8.50 not before, JMHO.
Why so negative on VMEM? They have the best RAID solution (custom) with the highest IOPS. Their memory array product is the only real SSD competition to EMC that I have seen, JMHO.
In addition to OCZ paying back the loan at 9% interest rate those dilutive shares were free? Just trying to understand what motivates these private investors, will they sell or hold?
I think you will find the so called traditional hard disk manufacturers will do fine, WD bought some SSD companies and STX seems happy licensing the best SSD tech from others.
It's the vertically integrated NAND producers who those dinosaurs need to worry about, everyone else is losing money.
Might not be such a bad idea after all. I can't believe you of all people fell for the buyout pipe dream, VMEM is eating everyone's lunch you'll see!
I don't know, but they need to show they can stay in business. Securing a loan is key to even having a chance, but dilution is going to make it hard since $2 will be a much higher market cap after dilution
You think this market is rational? Look at AMD, they actually improved more than anticipated but PC sales are down and wall street screams SELL and the sheeple listened, now down over $1 from recent highs for no apparent reason.
FIO is going to be trading in the 8-9 range soon.