too late

SECURITY DELETIONS
Updated Symbol Company Name Effective Date Unit of Trade Comments
09:01 SGICQ Silicon Graphics, Inc. Common Stock 12/17/2009 100 Plan of Bankruptcy effective **

http://www.otcbb.com/asp/dailylist_detail.asp?d=12/17/2009&mkt_ctg=ALL

All the shares will be canceled today. Sell ASAP before it is late!

I am glad to have sold part of my 2M plus cheap shares and made some
decent profits by selling at 0.015 ~ 0.025 last week. Can I sell out
the rest shares at 0.017 ~ 0.03? When will be the shares canceled?

Sold 2.5% of my shares at 0.015 today. It is just a small profit by
buying at 0.0072 ~ 0.008. Anyway hopefully I could 500,000 shares at
0.02 and the rest shares at 0.0201 ~ 0.025. Do not sell at the bid!

What is the reason caused the stock to drop 77.5% from the previous
bottom 0.032 to the current 0.0072? Unfortunately I still own 1.25M
cheap shares which I bought at 0.0072 ~ 0.032. The good thing is my
average cost is really low. Hope I could sell them at 0.033 ~ 0.055!

New 52-week low 0.0072 was created yesterday! Sell at the bid ASAP
before the pos scam hits another new low 0.005 or even 0.001...

Finally the support 0.04 was broken today! Sell at the bid ASAP before the pos scam hits another new low 0.02 or even 0.01.

Who bought over 1 million shares at 0.05 ~ .055? Why? Big loss now!

When will the pos scam bounce back to 0.064? My 2M plus shares cost
me 0.06 to make even. Can I get out with some small profits soon?

Why the pos scam could hold up the bottom 0.032 for such long? Will
the common shares be canceled very soon? What is the date exactly?

Could anyone explain why SGICQ could rally 12.5 times or 1250% from $0.076 to $0.95 within only a week after it declared the CH11? Why
it declined to as low as $0.04 from $0.95 or near 24 times or 95.8%
within only seven weeks? Remember only 11M shares OS and $0.44M MV!

Can anyone explain why SGICQ could rally 12.5 times or 1250% from $0.076 to $0.095 within only a week after it declared the CH11? Why
it declined to as low as $0.06 from $0.95 or near 16 times or 93.7%
within only six weeks? The first important is: only 11M shares OS!

15-May-2009; Form 8-K for SILICON GRAPHICS INC. (SGICQ)

15-May-2009

Change in Directors or Principal Officers;

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 11, 2009, Mr. Barry Weinert was appointed Chief Restructuring Officer of Silicon Graphics, Inc. (the "Company"). In his capacity as Chief Restructuring Officer, Mr. Weinert will, among other things, assist the Company in the administration of its Chapter 11 bankruptcy case and in the preparation, confirmation and consummation of a Chapter 11 plan of reorganization.

Mr. Weinert, age 55, previously served as the Company's Vice President and General Counsel from January 2006 until January 2009. He joined the Company in May 1995 as Commercial Counsel and served as the Associate General Counsel from March 2001 until January 2006.

Mr. Weinert's engagement agreement with the Company provides for compensation in the amount of $35,000 per month until July 10, 2009, $30,000 per month until September 10, 2009 and $25,000 per month until November 10, 2009 as well as reimbursement of reasonable business expenses. Mr. Weinert's compensation remains subject to approval by the United States Bankruptcy Court for the Southern District of New York. Mr. Weinert has been engaged to provide restructuring services until the earlier of November 10, 2009 or the final liquidation and dissolution of the Company.

= )

Hmmm wonder what the "intellectual property assets" would be.

How to reach .bk in a timely fashion :)

Who were those very stupid sellers which sold the shares at $0.12?
I am sure $0.1 is the current unbreakable support even the 52-week
low was $0.076. As of today less than 6M shares sold below $0.1.

SILICON GRAPHICS INC. (SGICQ) Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in Directors or P...

Form 8-K for SILICON GRAPHICS INC;

http://biz.yahoo.com/e/090513/sgicq.pk8-k.html

We shall find out shortly.

I know where my chips are

How does the future look for SGI stockholders?

The play is on the recent buyout settlement.

They have barred debtors from purchasing shares on the open market so......

So what's up with SGI now? no assets

Rackable Systems Completes Acquisition of Silicon Graphics Assets

Rackable was granted court approval on April 30, 2009 to proceed with the acquisition for $42.5 million in cash and closed the transaction on May 8, 2009.

http://finance.yahoo.com/news/Rackable-Systems-Completes-bw-15195751.html?.v=1


FREMONT, Calif.--(BUSINESS WIRE)--Rackable Systems, Inc. (NASDAQ:RACK - News), a leading provider of ecological servers and storage products for medium to large-scale data centers, today announced that it has completed its previously-announced acquisition of the operating assets of the former Silicon Graphics, Inc. With the completion of this acquisition, the company will adopt SGI® as its global name and brand. Rackable Systems president and CEO, Mark J. Barrenechea, will lead SGI in the same capacity. The Rackable Systems board of directors remains unchanged.

Rackable was granted court approval on April 30, 2009 to proceed with the acquisition for $42.5 million in cash and closed the transaction on May 8, 2009. The company expects to report pro forma financial information within 75 days after the closing.

The company expects customers to benefit from an expanded portfolio of cutting-edge, innovative and high performance products for medium and large-scale data centers and HPC, including trusted enterprise x86 cluster compute offerings, shared memory clustered compute products, scalable data center and storage technologies, modular data centers, data management software, HPC tools and emerging visualization technologies.

“We are committed to solving the world’s most demanding business and technology challenges our customers confront every day, whether powering the Internet, exploring for natural resources, modeling meteorological events, enabling financial markets or assisting government and security agencies,” said Mark J. Barrenechea, president and CEO of SGI. “SGI is ready to support our growing customer base with relevant products, global services and the industry’s best expertise.”

The new SGI will have a customer base of over 5,000 in more than 25 countries and approximately 1,350 employees worldwide. SGI will maintain its corporate headquarters in its current Fremont, California facility, with offices around the world. SGI’s new management team, listed on www.sgi.com/management, is comprised of senior executives from Rackable Systems and the former Silicon Graphics, Inc.

Rackable Systems has created Silicon Graphics International as a subsidiary, which has acquired the assets and liabilities specified in the court-approved, and now completed, Asset Purchase Agreement. Rackable Systems, Inc. will also change its name to a Silicon Graphics International entity, with Rackable Systems surviving as a product line. Silicon Graphics International will be branded as SGI® going forward.

About Rackable Systems

Rackable Systems, Inc. (NASDAQ:RACK - News) is a leading provider of Eco-Logical™ servers and storage for medium- to large-scale data center deployments. The company’s products, available for purchase or lease, feature leading designs in the areas of density, thermal efficiency, serviceability, power distribution, data center mobility and remote management. Rackable is a founding member of The Green Grid, and Think Eco-Logical, an initiative which blends corporate responsibility for increased sustainability with the need to manage expenses and increase performance. Rackable serves cluster computing and services, enterprise software, federal government, digital media, financial services, oil and gas exploration and HPC customers worldwide, and maintains headquarters in Fremont, California. For more information, please visit www.rackable.com.

Cautionary Statement Regarding Forward Looking Statements

This press release contains forward-looking statements; including statements regarding Rackable Systems' anticipated product performance, general business outlook, with its acquisition of substantially all the assets of Silicon Graphics, Inc., or SGI. Any statements contained herein that are not statements of historical fact may be deemed forward-looking statements. Actual results may differ materially from forward-looking statements due to a number of risks and uncertainties including: liabilities assumed by Rackable Systems in the acquisition of SGI assets may be greater than anticipated; key personnel may not remain with Rackable Systems following the closing of the SGI asset acquisition; the anticipated synergies from the acquisition of the SGI assets and the potential cost reductions may not be achieved; the combined operations may not be successfully integrated in a timely manner, if at all; economic conditions impacting the purchasing decisions of Rackable Systems' customers; Rackable Systems operates in a very competitive market, and increased competition has in the past, and may continue, to cause pricing pressure on Rackable Systems' products, which would negatively affect Rackable Systems' gross and operating margins, as well as other financial measures; a significant portion of the Company's revenues come from a small number of customers, and so the delay in placing an order, or the failure of a significant customer to place additional orders, could have a significant negative effect on Rackable Systems' financial performance; orders for Rackable Systems' products can be received at the end of the quarter, and so a delay in placing an order in the fourth quarter could have a significant negative effect on Rackable Systems' financial performance for the year; Rackable Systems is unable to control component pricing, such as DDR memory pricing as has happened in the past, and as a result component pricing can rise unexpectedly, negatively impacting Rackable Systems' gross margins as well as other financial measures; Rackable Systems may be required to write-off additional significant amounts of excess and obsolete inventory; and new products by competitors may come on the market, which would decrease the demand for Rackable Systems' products. Detailed information about these and other potential factors that could affect Rackable Systems' business, financial condition and results of operations is included in Rackable Systems' annual report on Form 10-K under the caption "Risk Factors," in Part I, Item 1A of that report, filed with the Securities and Exchange Commission ("SEC") on March 19, 2009, as updated by Rackable Systems' subsequent filings with the SEC, all of which are available at the SEC's Web site at www.sec.gov. You are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this report. Rackable Systems undertakes no responsibility to update the information in this report.

Rackable Systems and Eco-Logical and are trademarks or registered trademarks of Rackable Systems, Inc. SGI is a registered trademark of Silicon Graphics International. All other trademarks are property of their respective holders.

Contact:

Schwartz Communications Inc.
Jen Spark, 415-512-0770
rackable@schwartz-pr.com or SGIPR@schwartz-pr.com

Finally the stock is up 21% from the unbreakable support $0.1! Does
anyone have the lucky to have purchased the shares at $0.1? Anyway my order to buy 1M shares at $0.1 just sat there and no any fill at all. It is already down over 89% or 8.5 times from $0.95 to $0.1! It is the first time the stock bounced 30% since trading on the OTC
Pink Sheets. So in the short term SGICQ may bounce to $0.15 ~ $0.2.

Chart looks prime for a nice run

Thanks for the information!

Thanks for the links. The second document relates to "substantial" owners. (This may include Value_Investor)

This filing is standard in most cases, but it does offer hope that the commons will not be canceled if the buyer wants to keep the NOLs.

GL

I finally dug it up actually....

http://www.donlinrecano.com/cases/caseinfo.aspx?cl=sgi

This I find VERY interesting... the "trading in of securities"

http://www.donlinrecano.com/dr201/sgi/NOL%20Notice%20-%204-28-09.pdf

Anyone have a site to track the BK filings? Really want to find anything on commons being canceled or not.

TIA

Well, it seems the current low $0.11 is unbreakable because almost
a week the stock never broken down the bid support at $0.11. So it
should bounce back to $0.19 ~ $0.22 within a few days. Strong buy!!

SGICQ just hit $0.11 this morning and I bet it will hit $0.1 this
afternoon then breaks down $0.1 tomorrow. Sell ASAP above $0.076!

SGICQ hit the new low $0.12 today. It seems that it may hit the 52-
week low $0.076 again tomorrow or the next week because the recent
trading is already formed a very strong down trend unless they exit
from the CH11 which is impossible.

I agree. It may hit as high as $0.25 today or tomorrow. Buy ASAP!

Train appears to be leaving the station

Added some .17's. Really thin

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.

Will the common shares be canceled very soon? I am afraid of that
because I own about 1M cheap shares between $0.07 ~ $0.09.

Well I just jumped ship on SGIC @ .22 for a loss of close to 30%:(

Don't like the fact it's on the pink sheets now. I feel It should be trading higher but now that it's off NASDAQ who knows?

I just took what I had in SGIC & bought more SPSN

Good luck with SGIC guys:)

Looked like they were fishing for shares this AM.

I would have held off until today myself.

Any reason why such a sell off today with such little volume? I wish I would have known yesterday they were going to start trading on the pinksheets today. I might have thought twice before getting back in. "Oh well" Not sure if I should just sell or hold or buy more:) Any thoughts

They really aren't getting the selling the are shaking for... 200K on a 42% shake is pushing it.

I honestly can;t see that happening

may back to .07 or less this week to load more

They are shaking out on low volume at the moment.... lots of 5K blocks

Great, not able to see the BID & ASK now:(

SGICQ New Ticker

Tell me how the F#@% that is legal man?

I still think a nice bounce back will occur this week followed by some PR. IMO

That trade occurred during the day at some point but they didn't clear it.

They released it at 16:00:00 to get the price where they want.

They actually do that quite often ;-(

.35 was being cleared out right into the bell actually. They masked their buying with that slimeball tactic as usual. Did they same stuff on SPSN many times.

Well Chit in a bag and punch it......

How does that work when the bid was @ 0.34 1 min before close?

Must have been a market sell order at last minute I guess?

Ahh they held a trade and cleared it right at the bell to knock the price down.

19577 @ .3105 just settled at 4:10

They are so damn slimey.

probably will be a huge gap in price like yesterday

Curious to see AH bid & ask price.