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Guys, those .315 trades came after the close so we will see what the official close is.
Jeeeeeeeeez, how many shares were traded to send it from .35 to .31 what the hell was that?
Nice paint job close @ .315 from .35.
They must still want shares
Nice move here... been pretty uneventful everywhere else
Yes, starting to move here eod. I don't think that we are surprised about that.
Yeah this is really winding up here
looking good here...Lets see EOD reach HOD:)
lol....So am I buddy:)
Good job & good luck:)
Just bought in yesterday and added today
I am loving these chip plays
Hey utmostbastard,
Nice to see you hear:) I got back into SGIC today @ .315
How long have you had a position in SGIC?
The bottom has been put in it seems. I will add some more in this area. Not much chatter here on Ihub. Maybe some will notice.
It really is incredibly thin... they are just baiting out retail sellers now IMO.
It was a PITA getting shares yesterday I can tell you that
Wow! Ask getting hit. Money coming in it appears.
LOL thanks... I just put that together too (Doh)
25 million, + the assumption of certain debts. It is in the second link in the IBOX.
I just picked up on it yesterday myself and saw that the gap filled.
Looks like there was a bunch of talk of being bought out, but for how much ?
So, SGIC is now out of bk? I have a little of this from a higher point. Looks like this will be the spot to avg down.
What a PIA this is to accumulate lol.
I think I have put in a good 2 hours trying to scrape up what I can
Crazy for sure. Is now finally putting together a decent bounce. Back above the 10 day on the daily.
LOL.....I wouldn't be surprised. I'm happy I dumped @ .78 today
I still don't fully understand why such the spike up. I was looking to maybe.....MAYBE at best double when I got in @ 0.22.
I just don't understand all the buys @ those high levels today.
Did people really think this was going well over a dollar???
Maybe it will....Who knows:)
GLTA
NICE GAP UP IN PREMARKET:) Looks to be another positive day for SGIC. Honestly.... I really have no freaking idea what this will do today.lol
GLTA
Saw the ticker on CNBC and was just curious.
LOL...nothing would surprise me at this point.GLTY.
WTF.....I just watched it drop more than .12 cents with less than 50k shares traded? That was almost it's total value @ last close.LOL
From as high as .75 in AH to .45 & now dropping fast???
Offer: $25 Million / 11.65 Million shares = $2.14 / per share value. I do not believe it will reach $2, however a one dollar and slightly plus is achievable.
Any other thoughts on this?
Wow I had to leave for the last couple of hours of trading and I missed the rocket to the moon:) I bought this morning @ .22
I see it's up nice in AH:) I don't know what to expect tomorrow.
Any thoughts?
2.25 offer imho
now that's what I call a trade!
Bought 100k .14 sold .48 weeeeeeeeee yesssssss
the real dilemma is the PR doesn't really address the shareholders vs trading activity of a monster play going into the power hour. I would have taken my profit and run, 40 cents or not.
Can we expect or is it possible for this to climb higher than the .40 pps??
the consensus calculation at 25 mill = .40 pps, then whatever liabilities would have to be subtracted from the .40, that's why people are estimating a range. Naturally, anyone getting in early, like this am, stand to profit much more than people buying at this level.IMO.
Is their anyone out there who can tell honestly tell me what a common stock holder can expect if this buyout takes place for the mentioned amount of $25 million???
FREMONT, Calif. & SUNNYVALE, Calif. (Business Wire) -- Rackable Systems, Inc. (NASDAQ:RACK), a leading provider of servers and storage products for medium to large-scale data centers, today announced its agreement to acquire substantially all the assets of Silicon Graphics, Inc. (SGI) (NASDAQ:SGIC) for approximately $25 million in cash, subject to adjustment in certain circumstances, plus the assumption of certain liabilities associated with the acquired assets.
hard to say, maybe peeps just sold the news after toying with .50...Either way, it appeared oversold, and now the speculation is Rackable will most likely pay a higher price than the current pps for SGIC. Seems a bit too hot to chase today.IMO.
I'll say one thing, I'm not gonna pay alot for this muffler!...LOL.
If that's the case why the ridiculous move today??
Why would investors be investing in stock which can be worth nothing for them if a sale were to occur???
It is expected that the net proceeds of the transaction will be distributed for the benefit of the secured creditors of SGI, and that SGI stockholders will not receive any proceeds in respect of the sale.
Rackable Systems Announces Agreement to Acquire Silicon Graphics Inc.
07:49 EDT Wednesday, April 01, 2009
That is the PR I'm talking about! It tanked hard when this was released?? I thought it was a done deal?
that might be a stretch... but it sure would make a great story
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Well they are out of bankruptcy so now what?
(Pinksheets: SGICQ)
Bankruptcy Info
http://www.donlinrecano.com/cases/caseinfo.aspx?cl=sgi
Recent PRs
Institutional Holdings
http://www.mffais.com/sgic
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