Frank the form 4 seller lmfaoooo never stops selling & now gonna issue another 35 million shares of dilution ? now you know why CEO selling his shares non stop for months
last financials show 200k for cash that cant be good serial diluter
What a tool over 12 million short shares covered below $2 making them millions & millions I'm sure they are frightened to death lmfaoooo. BTW OCZ fading all day long $2.28 HOD now $2.01 & dropping
of course OCZ will go to $1.70 & when & IF filings come out it will go back to $1.25. Freakin morons that cant add 2 + 2 thinking this was great news lmfaoooo
They have been using 125 million in inventory that they have sold off the last 6 months to stay alive. You have no clue if they did a heck of a job cause they wont release any numbers. But we know for sure they are losing tons of money still & major dilution will occur several more times this year & now burdened with a double digit interest rate loan on top of lawsuits & potential criminal charges.
Pretty decent ??? OCZ is paying loan shark rates 12+ % & has been forced to dilute shareholders by May & again by years end plus you have no clue whether the former CEO has committed criminal acts as there should have been NO way this restatement took 8 months . OCZ as we know has taken 125 million in inventory fire sale to keep a float the last 6 months but that avenue is now exhausted now comes serial dilution to stay a float
I guess it's some temporary good news but does nothing for the awful numbers coming & the fact this money will only take them several months to burn up so imo only I would be selling into this pop not buying it
gave up tier 1 credit with Wells Fargo 35 million dollar line for Hercules and a 20 million dollar line with the hope of getting another 10 down the road. That's great news ?????? BTW they will need to raise more money very soon as the 20 will be fully spent within a few months dilution a certainty.
Ok but don't be surprised when this news gets faded tomorrow by SMART traders lol. Good luck you will need it.
We have been hearing that tune about filings since November a few weeks oh real soon just another few weeks lmaooo & still no filings what 6 months later. Ask yourself WHY I'll bet there is criminal activity that took place with old CEO gonna get ugly
so which is it 7 million or 15 million since you posted 2 different numbers to the same lender ? Let me help ya it's 15 million which means they blew the 10 from hercules to Wells & used either cash or sold more inventory down. BTW OCZ will need even more money very very soon within a few months at best just so you know.
yeah they are frightened to death, short interest high of 26.5 million now 14 million all covered under $2 !!! you longs are sure showing them stupid shorts.
Hate to tell ya they have at least 10 million in debt cause they drew down to repay Wells. How you think terminating a 35 million dollar line & replacing it with a 20 million dollar line is good is beyond me. BTW before you get bent the other 10 million will not be issued unless certain criteria is met.
will see when the 100k a day start soon lmfaoooo if this was going to double or triple why sell 1 million shares at $1.75 average ?????????
CEO must really believe cant get rid of shares fast enough will be well over million share mark by mid month