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They filed today Bankruptcy isn't today.
Wait wait wait. So Tintri actually filed for Bacnkruptcy before Datadirect popped out of nowhere but didn't send out a press release and only released a press released on the two guys bidding on them.
A third-party just leaked the bankruptcy.
http://www.digitaljournal.com/pr/3849407
GL as in I'm onto other plays. Glad you cashed out
GL what? Tintri got a bump today. I cashed out.
Too many other plays without the games and deception!
GL.....
I call a resignation after hours today or morning/intraday tomorrow to grab the golden parachute, then whoevers in charge after will likely grab the Daatadirect deal just to pay off big the remaining employees and to grab their own golden parachutes. Leaving all the shareholders dry, and the top 5 shareholding firms will lose millions of dollars on top of whatever they already lost with this below .30 shareprice..
There's still a chance that hidden bidder will buy but then in that case yeah Shareholders may get something but at what value? Will it be $5 a share? Will it be 100 shares of tintri is half a share of the new company?
Between after hours today and before after hours tomorrow shareholders got to make the choice before they are locked-in.
Yup! The institutions are selling shares....What's the buyout price and how does that translate to the equity of the common shareholder? ZERO TRUST to play this game. Barton must be a shrewd dealer!
I'm sure there will be some puff PRs, but I'd rather make money on another play.
I could have bought a TON at .10 but just don't like what I'm seeing.
If the institutions thought this was a great deal they would lock up their shares!
I mean you can say I'm posting nonsense despite the fact I already said someone was bidding before this news came out.
Tintri themselves said they had another bidder but only Datadirect came out and confirmed any dealings, a company that was not in any potential suiter lists, who has a misleading url that says they acquired the company but they didn't: https://www.ddn.com/press-releases/ddn-storage-acquires-tintri/
Whom does not have the word "shareholder" anywhere in any press release whether through their site or third-party and apparently you think this is a "good" thing? Why?
Who is the other bidder, or you just posting nonsense again.
They have two bidders, one hiding if you read my last post. But Datadirect isn't interested in shareholders so a bid would have no benefit especially since they are near out of money and will be delisted from Nasdaq thursday.
Hmmm.
So DataDirect has announced a NON-BINDING contract to buy Tintri assets with no mention of shareholders despite Tintri saying ALL their potential suitors would take care of Shareholders. Quote:"Tintri’s co-founders, team members, advisors and creditors to develop a winning plan designed to provide Tintri’s customers with continuity in support of their installed base as well as a winning roadmap for their long-term requirements" not a single mention of shareholders. Which is very strange because the firms that are the top 5-6 shareholders in the company were promised benefits from any deal. What?????
They also came out of NOWHERE and were not even on the list of potential suitors from before. Here comes a new company two days from delisting and one day before earnings call.
Not to mention their url for their press release is intentionally misleading https://www.ddn.com/press-releases/ddn-storage-acquires-tintri/
"Acquires Tintri"???? Should have ten asterisks next to it. It's also a private company. But why would they just lie in the url for something that's not even confirmed and is still being considered?
There's also another suitor that apparently would actually buy Tintri, which would be good for shareholders, HOWEVER they did not put out a press release confirming it and most outlets have no idea who they are.
Not to mention, both of these guys happened to pop-up before the earnings call tomorrow and two days before Thursday, the delisitng from nasdaq date. If they don't appeal anyway, which considiring these random buyers popping up they likely won't appeal.
I've never smelled fish this bad in a loonnggg time. You can smell the fish 12 blocks down in the next neighborhood.
Great news, they have a bidder for their assets.. could trigger other buyers lining up.
The url title is purposefully misleading.
As I said, I wouldn't trust the buyer at all after what they just pulled. GL
Funny how they move the ask up to get people to build the bid and then dive straight into them!
As predicted
As for moving the earnings date twice......could that be so peeps could sell before the Shizz really hits the fan!?
I wouldn't touch this no matter IF they did have a buyer....wouldn't trust anything the buyer did going forward if this was how they conduct their buisness!
This isn't news. We already knew the potential delisting date.
It is possible Tintri is mentioning it so the media reports it to scare off more shareholders and get them to sell.
Which would also explain why they moved their earnings call twice to the date right before the delisting. Tomorrow.
Tintri Receives Nasdaq Delisting Determination Letter
https://www.businesswire.com/news/home/20180709005828/en/Tintri-Receives-Nasdaq-Delisting-Determination-Letter
New Update.
Staff not paid. European offices all are closing down.
www.theregister.co.uk/2018/07/09/tintri_uk_emea/
There has to be some news. The company is still in business 1 week after they said they were through. They just had a company meeting yesterday as they ordered a food truck to serve there.
Likely we will get the final info on Monday because if they were not sure they had enough money post June 30, there's no way they'll last another whole week. Not to mention next week NASDAQ will take them down mid week to.
I think we'll get the final news, whatever it is, Monday, either mid-day or after hours
None of these articles are new it's people getting old info later. It doesn't give us details on June ,30th onward.
Not positive news.
Article today :
www.bizjournals.com/sanjose/news/2018/07/06/tintri-collapse.html
Tintri mgmt had been very quite I guess no news is good news .. Hopefully news of a buy out next week
pocrisy of M aside. The food truck that is catering to a Tintri meet is still on schedule for today according to their twitter. Also Tintri Netherlands tweeted after over 2 months.
Although speculations this could mean that Tintri Netherlands will keep running unlike some of the other European divisions that closed shop. There may be a surprise around the corner.
Here is a more detailed information
Please take time to read these rules so that you will understand why posts have been deleted:
http://ihwiki.advfn.com/index.php?title=Handbook#Deletion_of_Posts
Any time you post about Users or reference groups of Posters (bashers, pumpers, cheerleaders, naysayers, Moderators, deletions, etc.) in your post, this makes your post subject to removal as off-topic and/or personal attack.
Your messages need to focus on the company and the stock and should not contain comments about people who post on the board. Other posters are never the topic of the board.
To those who received restricted posting here, You can see your recent deletions at Settings/My Removed Posts
In order to have a restriction lifted, you need to post for two weeks without violating the rules here. This will show that you understand the rules and are willing to abide by them. Note, you must post at least 10 messages on the board without violating the rules for any consideration of release. Afterward, send a PM to iHub Admin asking to review releasing the restriction.
Thats an interesting dodge to my question about that post that says "delusional" which is an insulut and is not deleted. But ok.
I'll take a look at the sticky thanks Mr.Iron.
I see you are a new member to IHUB. I would recommend you read the rules on posting.
Please read my Sticky on the top
You delete my post but don't delete the one with the one word insult?
Please ensure that all posts are only focused on the TNTR. Everybody is entitled to their opinion.
However any personal attacks on other posters will be deleted and any poster who refuses to obey these rules will be banned
You're correct that it's pointless because TNTR is going to drop like a rock just as it should have when I predicted it would last week before they made a last ditch effort to run it.... Which I was fortunate enough to see on my scanner.
Btw... If you proceed through your job link on glass door it will direct you back to TNTR which has no job listings. Truly an empty discussion at best, but I proved my point in regards to your false posting statements. Not to mention that you stated that there were multiple listings within the past 48 hrs.
So where is the Twitter link you're alluding to?! Im sure others would like to know along with the Nvidia link rumor!!
Lol
GL
https://www.glassdoor.com/job-listing/technical-support-engineer-tintri-JV_IC1147431_KO0,26_KE27,33.htm?jl=2726927235
4 days ago. Which depending on how you count days was either June 30th or July 1st.
Found it in seconds.
I bet you could have with effort as well. On top of the Twitter post.
But this is a pointless argument, people and themselves said they were done after June 30th and their still here. Still Trading. The fact there are a few rumors means something is going on.
It's not wise to spread rumors when you've only been on Ihub for less than a week. Hint- SDR*
Glass door shows no current Job openings.... https://www.glassdoor.com/Jobs/Tintri-Jobs-E615047.htm
Most recent job opening on LinkedIn was 10 days ago...(Before that it was almost a month)
https://www.linkedin.com/jobs/view/member-of-technical-staff-file-systems-mountain-view-at-tintri-748679236?trkInfo=searchKeywordString%3ATintri%2CsearchLocationString%3A%252C%2B%2Cvertical%3Ajobs%2CpageNum%3A0%2Cposition%3A1%2CMSRPsearchId%3A54ee3c99-6f8b-41af-9538-6018205737cb&refId=54ee3c99-6f8b-41af-9538-6018205737cb&trk=jobs_jserp_job_listing_text
If what you're implying about TNTR being bought out by another Company through previous negotiations by the recently resigned CEO of only 3 months (Tom Barton) is true, then he is one hell of a shrewd guy to screw over all the employees and shareholders!
Dated July 2nd..... https://seekingalpha.com/article/4185107-tintri-ceo-exit-manufacturing-breach-signal-end?page=2s
I said Nvidia was a rumor.
If they were in proceedings we would know they wouldn't be able to hide that because Bankruptcy filings effect many people in different categories.
Did you forget Tintri set June 30th as the bankruptcy and cease of operations date yet it's still in business?
Also look at the two biggest internet job boards and see Tintri is not only hiring but the listings were posted within the last 48-72 hours.
Seems odd for a doomed company that's going to die that told everyone June 30th was end day and shareholders should leave unless they want their investment gone.
A doomed company that just recently put out hire listings and people talking about rumors.
Can you provide the Twitter link?
Can you provide any type of validation to your claims about Nvidia?
Can you provide any DD to substantiate your claim that TNTR is not following through with the bankruptcy proceedings?
Can you provide any validation to anything you say?
Ex worker on Twitter says in is rumored to he a buyer and Tinted but up jump listings yesterday and the day before.
It is now clear that Tintri is saved we just don't know how, by who, and what the terms are.
For all we know the buying company might say that "1 Tintri share is worth $.5 of x company share" making it be next to no gain.
Nothing wrong with hope..
But IMHO no chance of surviving without a major restructuring. Chapter 11 is the only realistic commercial possibility. Shareholder the very very last in a very long line of creditors.
GLTY
It is july 2nd so what'ever is happening we at least know that the june 30th bankruptcy and cease of operations annoucnement was cancelled and there is something coming that is making Tintri still continue normal operation
This is the perfect time to buy.
HEADLINE TNTR defies gravity, after horrible news
The announcement is incoming. Those who held on will soon get the reward.
TNTR !! BUY-OUT BUCK NEXT WEEK !! HANG-ON !
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