Aggs, you've been around longer than I and it makes me wonder if you called Avi to get an answer? Valid thoughts and questions..... Now Lawyers are threatening to file a Lawsuit against GSIT stating shareholder value at their end.....maybe a deal breaker. You may see whether GIG Management is capable of making a real 'GAAP' earnings afterall..... - Profit
I guess Yahoo MB censored my response to your pumping your OTC stock on the GIG board........
It may be considered a head fake for shareholders. I found it interesting because of the proposal made by GIG...... Now having the market open with no announcement or even an update by either party the interest of that having occurred to anything more is doubtful... - Profit
I think something has leaked about a deal........... - Profit
I forgot about the Rights Plan (Poison Pill) GIG has in effect until 16 Dec 2014..... A merger would be most likely, unless a counteroffer acquisition would be offered to take effect after the 16 December expiration...... - Profit
I have no doubt a deal will be done between the two. The only question will be who will own the majority? GIG the way it was offered or GSIT with a counter offer? Either way it has to be brought to the shareholders of each........Any attention to GIG is good for me as the stock and management blows donkey...... - Profit
5200 share went out at 1.36 That had to have included your Selling you should be out in no time. That is if you're serious about what you post........ - Profit
Bigger blocks not on sale you can take the whole thing.....Go for it...... - Profit
My experience as a shareholder is that the CEO will receive an "Award" from the BOD's (If a deal were to be made).... Furthermore, due to the use of language in the letter to GSIT, I suspect a new employee retention compensation program with the BOD's canceling the remainder on the present 2015 compensation plan and begin another that includes GSIT..... My vote will be with my feet or by my shares depending on what the Hedge Fund and LLC does..... - Profit
One being the Diker LLC Hedgefund adding over 600,000 shares going to 2.3 Mil at 30 June 2014. If Mark Diker triggers one way or another that will be where this stock goes..... Penn Capital up to 1.75 Mil at 30 June 2014......... - Profit
Both are patent cases that consist of 7 patents. One filed May 2013 and the other August 2013. Both Cypress and GSI Tech have gone at it before...... The recent cases are being heard by the same Federal Judge in the Northern California Court in San Francisco..... Cypress filed against GSI Tech. (Boring). - Profit
A reminder that the 55 Mil cash provided is financed with a current note and would be long term debt for the "combined company".................... - Profit
GIG is providing - 27.5 Mil shares valued at 1.33 to GSIT along with 55 Mil cash to combine the two companies 55% GIG / 45% GSIT........
GSIT is providing - The special dividend of 3.17 for each owned share of GSIT. The rest of the monies of the 80 Mil cash and equivalents is brought into the new combined company. Presently that would be about 8 Mil in cash leftover from the 70% owned currently.........
Unless things change ;) - Profit
This is only my opinion and my take!
PRO - Market Advertisement of the GigOptix Company CON - Weak stock performance GREEDY management exposed
PRO - GIG Management admits by offering GIG can't do it alone CON - No surprise there
PRO - GIG may receive counter offer to be bought out CON - GIG BOD's too GREEDY to make deal
PRO - Deal goes through as written CON - Other than GIG dilution, less shareholder value to existing GIG shareholders what is for the GIG shareholder value in proposal? (NEEDS Deep Explanation)
PRO - GIG could list on NASDAQ sooner than later CON - Doubtful GIG stock will perform well enough to maintain Market Cap with the history of GIG management
Only way I can support this wholeheartedly is if NASDAQ listing is in the cards sooner than later! (I would wet myself if a counteroffer was made). The current proposal is much for the GSIT shareholders and nothing but dilution for the GIG shareholders in the current proposal. Still it was something done by the BOD's and most likely will be used as an excuse to reap an award to the GIG CEO and executives no matter the direction GSIT decides. - Profit
Not sure how to follow your "excitement talk". Credit the CEO for iniating an offer is more than what was happening. Also with the GSIT chair to openly comment it would seriously go over the offer is a positive in itself... Your cart "outlook" is way ahead of the horse, so to speak.... - Profit
That is a plausible outcome that again I would think would be good for the GigOptix Shareholders.....