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Radware Ltd. (RDWR) Message Board

iaccount100 2 posts  |  Last Activity: Jul 30, 2014 5:10 PM Member since: Feb 4, 2010
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  • Reply to

    900 MM Convertible

    by iaccount100 Jul 30, 2014 5:04 PM
    iaccount100 iaccount100 Jul 30, 2014 5:10 PM Flag

    Actually I was able to get the 550 Million news piece; They said the same thing - I am guessing its probably general corporate mantra on these filings. But still I sold today and will wait on the sidelines till we can get a conversion price.

    I still think QIHU will be a huge winner but I just think the news will pull this thing into the 80s

  • iaccount100 by iaccount100 Jul 30, 2014 5:04 PM Flag

    "Qihoo 360 anticipates using the net proceeds for general corporate purposes" - Red Flag

    Why is a company that is making tons of money need to raise money for general corporate purposes??? They are definitely collecting money on their revenues (They had over a billion in cash at the end of the year 2013) I could understand expansion but something doesn't quite feel right about the above.

    I have been a QIHU bull for a long time now and tend to ignore short term fluctuations for the long haul but the above feels like something is amiss. They also raised 550 MM last year but they mentioned that they were using the money for Expansion

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