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I love it!!!!!!!!!!!!!!!
Insiders + Shorts = Kaboomage
This can be insiders buying! Something big is happening here!
;)
BEATIFUL Level 2! Thanks Widespread Panic!!
;)
L2 snapshot
LEVEL 2 PLEASEEEEEEEEE
This year CPCIQ was $4.37 Huge potential here...
I agree, Awesome find E, bidders stacking now!!
Something HUGE about to happen with CPCIQ!
;)
Form 4 Filed 12-18-08, insider Buying
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6307623
Thank you for L2, I don't have that...
Look at MM line up Lehman closed at .01 on bid, hmmmmmmm
Major Holders:
BREAKDOWN
% of Shares Held by All Insider and 5% Owners: 3%
% of Shares Held by Institutional & Mutual Fund Owners: 7%
% of Float Held by Institutional & Mutual Fund Owners: 8%
Number of Institutions Holding Shares: 3
MAJOR DIRECT HOLDERS (FORMS 3 & 4)
Holder Shares Reported
HANSEN JAMES 54,156 17-Dec-08
JOHNSON MONTE S 52,940 25-Feb-08
GERSON JAMES D 28,963 25-Feb-08
MERRIFIELD STEVEN DUANE 27,000 18-Sep-07
MILLS ANDREW 26,000 15-Feb-08
I like that!!!
;)
Welcome to Ciprico House!!
;)
You mind adding me as a mod on CPCIQ, TIA!
200 DMA at .63
That can be it! Great DD Wide!
Entry into a Material Definitive Agreement
23-Sep-2008
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On September 17, 2008 Ciprico Inc. (the "Company" or "Ciprico") entered into an Amended and Restated Asset Purchase and Technology License Agreement with Dot Hill Systems Corp. (NASDAQ: HILL) whereby Dot Hill Systems agreed to purchase certain of Ciprico's intellectual property assets. Pursuant to bankruptcy proceedings Dot Hill Systems was the winning bidder to acquire all of Ciprico's rights to its RAIDCore� technology and a joint ownership interest with Ciprico in its NAS intellectual property. Payment terms include a cash payment of $2.25 million at closing, a promissory note for $1.0 million and an earnout of as much as $2 million over 42 months. At closing the Company will repay a debtor-in-possession loan from Dot Hill Systems of $225,000.
Ciprico filed for Chapter 11 bankruptcy protection on July 28, 2008. The U.S. Bankruptcy Court for the District of Minnesota in Minneapolis approved the Agreement on September 18, 2008 and the expected closing date is September 24, 2008.
A copy of the press release is attached hereto as Exhibit 99.1.
Thanks! CPCIQ was $1.00 in July!
;)
Completion of Acquisition or Disposition of Assets, Financial Statements and Exhibits
1-Oct-2008
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On September 23, 2008, Ciprico Inc. (the "Company" or "Ciprico") announced that it entered into an Amended and Restated Asset Purchase and Technology License Agreement with Dot Hill Systems Corp. (NASDAQ: HILL) whereby Dot Hill Systems agreed to purchase certain of Ciprico's intellectual property assets. Pursuant to bankruptcy proceedings Dot Hill Systems was the winning bidder to acquire all of Ciprico's rights to its RAIDCore™ technology and a joint ownership interest with Ciprico in its NAS intellectual property. On September 24, 2008, Ciprico and Dot Hill closed the transaction. There are no material relationships, other than in respect of the transaction, between Ciprico and Dot Hill. Payment terms include a cash payment of $2.25 million at closing, a promissory note for $1.0 million over a 42-month period and an earnout of as much as $2 million over 42 months. At closing the Company repaid a debtor-in-possession loan from Dot Hill Systems of $225,000.
Ciprico filed for Chapter 11 bankruptcy protection on July 28, 2008. The U.S. Bankruptcy Court for the District of Minnesota in Minneapolis approved the Agreement on September 18, 2008.
A copy of the Amended and Restated Asset Purchase and Technology License Agreement is attached hereto as Exhibit 2.1 and a copy of the press release is attached hereto as Exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements: None.
(b) Pro Forma Financial Information: None.
(c) Shell Company Transactions: None.
(d) Exhibits:
2.1 Amended and Restated Asset Purchase and Technology License Agreement between Ciprico Inc. and Dot Hill Systems Corp. dated September 17, 2008 and Exhibit 1.1 thereto.
99.1 Press Release dated September 30, 2008.
Certain related transaction documents and the exhibits and/or schedules thereto including the Amended and Restated Asset Purchase and Technology License Agreement (Exhibit 2.1) are not being filed herewith. The Registrant undertakes to furnish a copy of any omitted transaction documents as well as the exhibits or schedules thereto to the Commission upon request. Pursuant to Item 601(b)(2) of Regulation S-K, the following is a list of the omitted transaction documents and schedules.
--------------------------------------------------------------------------------
Omitted Exhibits and Schedules to the Asset Purchase Agreement:
Exhibits
Exhibit 3.1(a)(iv) Promissory Note
Exhibit 4.1 RAIDCore Software License Agreement Exhibit 4.3 NAS Joint Ownership Agreement
Disclosure Schedules
Moving fast here!!!
WOW!!!
;)
Welcome to the board WideSpread Panic!!! Yes, big potential and most important low O/S!
;)
I like this one E, did some quick DD and it appears to have some tremendous upside!
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