You better get filing if that is true lol
On April 3, 2009, the United States Bankruptcy Court for the Southern District of New York (the "Court") entered an "Interim Order Establishing Notification and Hearing Procedures for Trading in Equity Securities" (the "Order") regarding the common stock of Silicon Graphics, Inc. (the "Company"). Under the terms of the Order, among other things, any person or entity that beneficially owns 553,000 or more shares of the Company's common stock (a "Substantial Shareholder") must file advance written notice with the Court and the Company prior to increasing or decreasing the amount of the Company's common stock that the Substantial Shareholder beneficially owns.Upon receipt of this notice, the Company shall have 30 calendar days to file an objection to the transfer of shares with the Court. If the Company does not file an objection within this 30-day period, the Substantial Shareholder may proceed with the transfer. If an objection is filed, the transfer will not be effective unless approved by a final and nonappealable order from the Court. The Company may file an objection only on the grounds that the transfer will adversely affect the Company's ability to preserve their net operating losses or certain other tax attributes.
A hearing to consider entry of this Order as a final order shall be heard before the Court on April 24, 2009, at 10 a.m. EDT. Objections to entry of the final order must be served as specified in the attached Order.
The above description of the Order is not complete; the complete text of the Order is incorporated herein by reference and attached hereto as Exhibit 99.1.
