GigOptix (GIG)

[MontanaState83]

Well, another round of dilution. Was extremely disappointed in the $2 price. That said, what happened Friday is very similar to the 9M or so dilution they did last fall to acquire TeraSquare. PPS had closed at $2.15 on 8/20, then dropped to $1.65 on 8/21 (day of secondary announcement). They had priced secondary at $1.70. I was ticked then as I am now. However, within two months the pps had recovered and went on to new highs.

Let's hope history repeats itself. Shouldn't be long before we hear of the next acquisition.