On top of that the GigOptix Compensation committee is just plain stupid.....dense or has no clue....
Not too long ago, in one of the letters from Avi Katz representing the GIG BOD's he claimed how the GSIT Executives were taking care of themselves instead of looking out for the GSIT shareholders. Well Avi Katz has proven what a Hypocrite he and the GigOptix BOD's members are and have no good standing with anyone that I know of..... HYPOCRITE with Greed from his own backers. - Profit
Obvious to me this possible Merger news did absolutely nothing for the GIG stock price. Why would we expect anything good to happen to GIG stock if the merger you mentioned actually happens? So I have low, very low expectations with current GigOptix management and BOD's.... Something has to change within GigOptix with more innovative initiatives with GIG Engineers, more customers, along with a change in stock compensation, realized positive GAAP earnings for the GigOptix compant itself! All is IMO. - Profit
Not to rain on your Parade... You must be looking at an "estimated" payable amount, not, and I repeat NOT an announced or approved payable amount. Recheck and get back with us. If it is an estimated amount, it is NOT meaning by any stretch that it is going to happen......sad but true. - Profit
Excerpt from a Seeking Alpha article. Goes into some details but just reading the slamming of the Stock Compensation and last straw of doubling authorized share count was refreshing to read.....Oh and only a 1.70 12 to 18 month Target Price not so nice to read but so true. - Profit
"GIG trades near a 52-week low (and down ~40% since the high this spring) due to concerns regarding the sustainability of datacom growth (revenue quadrupled over the past few years), margin compression from the increase in commercialization and persistent lack of profitability on a GAAP basis despite the recent impressive top line growth. Specifically, although non-GAAP net income of $730,000 was the highest in company history in Q3'14, on a GAAP basis there was a net loss of $786,000 due largely to high stock comp (~$1 million quarterly run rate).
The last straw may have been the doubling of the authorized share count to 100 million in connection with the planned acquisition of GSI Technology announced in August 2014. However, the offer was withdrawn last month after the board of GSI Technology refused to engage and even implemented an expensive executive retention and severance plan in response."
Glad you enjoyed Maine once again. I have my daughter from Maine coming with her family for the Christmas holiday..... BTW - as far as GIG. I am very disappointed that the BOD's are so weak and their representation of the current investors has been pitiful and that is an understatement! I am planning on selling shares that are underwater before the end of the year for tax purposes.(The rest of shares other than these GIG "junk" shares I am keeping for a potential ride). With company value of something like .56 cents in cash on hand per share I believe the likely potential for this stock is more to the North. It still is an under-performing stock and the CEO and management stinks to keep it clean.... - Profit
Not even 45 minutes ago I opened the GIG Edgars Qtrly on Yahoo that shown it had Math addition and subtraction mistakes for their 2014 Qtrly Report. I went to the GigOptx site to look at the 10Q. The numbers did not match to what was in the Yahoo GIG Edgars report. I went back to the Yahoo GIG Edgars Financial Report and Wallah! the math errors were fixed.......... Something smells at the GigOptix Company level, smells like it and looks like it, so that means.... - Profit
There is no way these vote tally's are accurate with anything that I can find on record for ownership of this company.........I smell SEC....... - Profit
That OTC stock LWLG that you own. How many devices have they sent to market? One? None? Lol
Starting 1 Aug 2014 through 1 May 2017. GREED and ARROGANCE....Vote by 13 November 2014 and give them an Obama Midterm welcome....... - Profit
They don't have to do one to have you stick around..........How is the LWLG OTC stock you own doing? - Profit
Same here with the exception that I am looking at the exit door if GIG management does not get tamed by the GIG BOD's. Greed in stock compensation has been an issue....I totally understood the initial 2008 plan but no what they GIG BOD's turned it into......TOTAL GREED.... - Profit
Check it for yourself, chart GIG for 5 years.........Pathetic! - Profit
Due to the GIG Management greed and incompetence. 1, 3, 5 Year chart shows just what the investors are losing for a ROI or lack thereof......... -Profit
My disappointment and frustration comes from not any need for the money that I have in GIG. It is my disappointment in myself for even buying that makes my stomach turn..... For some reason I thought GigOptix was a very small company that had the most to benefit by expanding hand in hand with investors for both expansion and ROI..... My early days I traded the stock and for some reason when it went lower than 2 bucks I kept some blocks for the long term and then lately used other stocks house money to buy more from the .90's to the 1.30's. Good luck to you on your plan! - Profit
GIG upper management continues to deteriorate investment confidence and any incentives I can find to further invest in GigOptix..... - Profit
Have an online broker, get your Control Number in email for proxyvote. If you have a B&M broker then give them a call if they are slow to mail out material...... Either way let the GIG BOD's know where you stand as an investor.....Already voted, I only wish I were on the west coast.... - Profit
My reference was consistent with my cost average if I were going "all in" to dump all of my shares.... Not single blocks..... - Profit