Some of the idiots on this board are very naive...The PPS on this stock is gonna be back above $1.00 very soon. Many will wish they followed KD's advice and doubled down. The last time this stock was under $.60 it promptly rose up to a $1.00. Today the offering closes. It is now free to fly.
my favorite line from the 10-Q released 8/15/2017 "We believe that, taking into account our planned activities and our sources of capital, we have sufficient cash resources to satisfy our capital needs for at least the next 12 months. "
then they file for dilution on 8/16/2017 ????
but hey it is all good they used "we believe" any wonder this is chucks favorite line???
A purchase of 200,000 after hours.
Time to double down. 61cents.
one has to wonder why didn't netloser just exercise the preferred options? are you saying chuck don;t have 5.4 m siting around? i guess it is better that the company loses 25m market cap then he invests his money in this failure.
people need to understand, that a small cap company is basically "just" what it means. Small capitalization meaning the company has access to small amounts of capital to back up its operation. Not having the financial resources to secure large amounts of money to fund its business expansion. So....naturally a company needs to go into a deeper state of debt in order to continually advance. And selling more and more ownership of the company is the easiest way to do that via secondary offerings. Some people might argue, how can selling shares be the same as having debt? Yes, not in the traditional sense of debt, but secondaries do make it harder for a company to translate revenues/income into positive earnings per share. 2 days before the announcement of the secondary, there was a release of estimated earnings per share for the up coming 3rd and 4th quarters. And it was positive earnings. Now, after the news of a secondary offering, there is now a revised estimated earnings per share for the 3rd and 4th quarters. Due to the additional shares now being thrown into the mix, the earnings have now swung negative for the 3rd quarter. The company doesn't like doing this but sometimes they have no choice. If they had a choice of borrowing from an financial institution (and having restrictive covenants placed on them) or doing a secondary....The secondary is the right thing to do.
I think something is going on @ Diablo. I checked LinkedIn a few weeks ago and they had 80+ employee. Checked mid-week and like 70, checked today and 64.
Also, they used to Tweet regularly about Memory1, no Tweet in 10+ days.
The cockroaches have neen absent wonder if they work for halum?
Netlist will not be paying a bond at the ITC. If Netlist wins it'll be Hynix paying a bond based on RAND fees which are determined by the new administrative judge in order for Hynix to continue importing product into the US. Dodo needs to read up more on how ITC cases work.
HF Quant BOTs, trading quad decimal 10K+ blocks back and forth..no retail puke present backing up those trucks..
the 2 underwriters are creating an artificial floor since they also have options to sell more shares at a higher price to short coverers.
USITC initial determination date now Nov. 14. Essex retired.
Wow Netlist still has over half its authorized issuable shares left to play with (TOTAL 150,000,000). Why on earth would they issue this low for a measly 4.x mil unless something is cooking.. Inventory buildup? R&D? Too many HybriDIMM samples to distribute?
Watch PT run!!LOL
My understanding of the reason behind this stock offering. It sure CANNOT be a need to fund current operations. IF so think about this. why go through this hassle to only raise $4.5 M. Why? If you need money, go raise $12M or maybe $18M. The real reason is most likely someone wants a position in the stock very inexpensive, to reap HUGE gains if NLST prevails in the upcoming court decisions. COULD it be a way of paying the legal costs that NLST is currently incurring? There could be a straw holder being the face of the transaction, for persons currently involved in NLST's legal fight. And perhaps they know more about NLST chances of winning this case. its easy to paint this as gloom and doom, but there is a reason for this transaction. Why didnt a representative from Hallum or Roth show up at the conference call? They never miss a CC to ask questions. There were NO questions to ask, they knew ahead of time that this was coming. I think this is being done to let a large investor or straw purchaser get in on the action, and sit on these shares, until the big news hits. This stock is not going to sit at $.60 for very long. Do what the smart money is doing right now. They are backing up the truck, to get it loaded for a big payday.
Why is PT playing a long now? Craig-hallum stooge?
poor jason... been here since this was $2.50 doubling down every dilution and still hasn't broke even. at least baggy got his year long wish for a tax break LOL.....
Wow. No respect for the common shareholders. All this for approx 4.5 mil? Looked at my retirement portfolio and NLST leading the charge over the cliff once more. Gail or Hong must need another house in Southern California. Did this to us about 4-5 years ago, Promised glowing forecasts followed by one huge short feeding frenzy selling stock.
Netlist, Inc. Announces Proposed Public Offering Of Common Stock Knew it was coming in May when Netlist announced they were more or less doubling the total amount of outstanding shares. Most likely the reason for the drop in PPS. Although I hate to see it this offering the cash influx will give Netlist breathing room financially for the next several months. Hopefully by then ITC will shut off Hynix's water to the US and just maybe they will be a little more open to an early settlement. The recent reversal on the last 2 patents by the Federal Circuit Appeal might have woke up Scamdisc and Diablo to the fact that Badbone's arrogance might have hosed there case with Netlist and also might entertain early settlement talks.
there is something none of you longs have talked about. what is this agreement with TRGP??? do they have a hand in prior lawsuits??? do they get a slice of these? could chucky mentioning settlements with these be based upon they want some shot at getting their money back any way possible? i find it hard to believe they wouldn't of put liens on all forms of income tbh.
Anyone else think the language not seen before in the preliminary offering PR about proceeds maybe being applied to acquisitions of tech, businesses, etc, might have something to do with the apparent implosion of diablo?