Violin Memory Inc. (fka VMEMQ)

[eastunder]

Uhh yeah.

That would be nice.

[Wildbilly]

Now please.

[QUANTUM314]

Yeah something is up here I'm jumping in big with a tight stop loss. GLTA

[QUANTUM314]

Just seeing some interesting activity on L2 similar to right before it jumped over $1.00. Just speculating tho we will see..

[eastunder]

Why?

[QUANTUM314]

Feeling a bounce here Monday

[T695]

Anything under $1.40 is a buy

[SsbTwentyTwo]

This just underwent a RS correct? What's the current SS following this?

AS is now 250,000,000?

OS 25,000,000?

Float?

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11476670

[RinoM]

Biggest POS out there

[MomsSpaghetti]

AMD Owns Building Violin Memory is in... FYI

I would venture that they will contend in a buyout. A good number of AMD workers have went through Violin Memory. We shall see...

[John_Langston]

What are the chances it will return to $1.08?

[eastunder]

yes

So if we closed at .85 pre R split...

VMEM 0.85 Jul-05-2016 pre reverse split = 3.40 RS cost adjusted


VMEN 3.50 Jul-06-2016 open
CPPS: 2.96



Finviz chart will eventually adjust all numbers to show RS adjustment

Screen shot of reverse before chart is adjusted and will not change



Same chart but will be adjusted at some point as it is active and will update itself

[John_Langston]

1 for 4?

[eastunder]

Reverse split

[ClearlyStocks]

Wtf?

[makinezmoney]

VM-Ware CEO looking for some Acquisitions


https://www.bloomberg.com/news/articles/2016-07-01/vmware-ceo-says-it-s-a-good-time-to-be-looking-at-acquisitions




.

[makinezmoney]

75% AS Redux to 250Million shares

http://investor.violin-memory.com/company/investors-overview/press-releases/press-release-details/2016/Experienced-Business-Leader-and-Committed-Investor-Bruce-H-Grant-Joins-Violin-Memory-Board-of-Directors/default.aspx


Applied Value Group

http://www.appliedvaluegroup.com/

[Lone Wolf]

I think the buying continues too. Look at the first trade to print on the close. That was a $115K trade! Guessing the continuing account gains are impressing the street as their product gains traction among some reputable companies. Excited to see what the weeks ahead produce.

$VMEM

[eastunder]

Did you catch this one?

https://www.sec.gov/Archives/edgar/data/1407190/000157104916016366/xslF345X03/t1601650_grant-f4.xml

Violin Memory Inc (NYSE:VMEM) major shareholder Bruce Harvey Grant bought 472,983 shares of the firm’s stock in a transaction on Monday, June 27th. The shares were purchased at an average cost of $0.74 per share, with a total value of $350,007.42. Following the transaction, the insider now directly owns 2,129,832 shares in the company, valued at approximately $1,576,075.68. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

http://www.thecerbatgem.com/bruce-harvey-grant-purchases-472983-shares-of-violin-memory-inc-vmem-stock/


Weird, right?

Why buy now? Why not wait until after the pending RS? What do they know that we don't?

[Lone Wolf]

Anyone else watching all this beautiful volume flowing in here?

[Lone Wolf]

Volume and big bids...from out of no where. Hmmmmm......

$VMEM

[Lone Wolf]

Break if .85 on volume and we confirm uptrend remains intact.

[Lone Wolf]

Not sure. Could be...and they don't want to have this be a distraction. I agree...1:4 is nothing.

[eastunder]

Do you think it's because their six months were up?

I didn't realize NYSE and Nasdaq had different rules with delisting. That NYSE is stringent? Sounds like they would have proceeded with delisting? Nasdaq would have applied more time.

1-8-2006 was the notice date:
That gave them until July 8th.


We have six months following the receipt of the NYSE’s non-compliance notice of the Share Price Listing Requirement to cure the deficiency and regain compliance and, if we fail to do so, our common stock will be subject to the NYSE’s suspension and delisting procedures. We can regain compliance at any time during the six-month cure period if our common stock has a closing price of at least $1.00 per share on the last trading day of any calendar month during the six-month cure period and an average closing price of at least $1.00 per share over the 30 trading-day period ending on the last trading day of that month. We also may determine to remedy the non-compliance by taking action that will require stockholder approval, such as a reverse stock split, in which case our common stock will continue to be listed pending stockholder approval no later than our next annual meeting of stockholders and the prompt implementation of such action thereafter


Personally a 1/4 ain't bad. ;) Could have been worse!

[Lone Wolf]

Not saying it does. Pointing out that the uptrend has taken it above a buck in the past two weeks...trend continues to be up. Company is not at imminent risk for a delisting...so it wasn't needed here now

[eastunder]

This company didn't need to implement one as SP traded above and closed about a buck a couple times in the past two weeks....so I'm very curious about the timing.

One or two days doesn't cut it.



To cure On the NYSE

page 2 of the 10Q

https://www.sec.gov/Archives/edgar/data/1407190/000119312516621417/d204781d10q.htm#tx204781_13

We can regain compliance at any time during the six-month cure period if our common stock has a closing price of at least
$1.00 per share on the last trading day of any calendar month during the six-month cure period and an average closing price of at least $1.00 per share over the 30 trading-day period ending on the last trading day of that month

[Lone Wolf]

It will pass. Can't hurt for them to have it on the books if needed.

[Sone]

Votes tomorrow

[Lone Wolf]

Folks unfortunately associate them with pink sheet RS's as they are done for the purpose of dilution. This company didn't need to implement one as SP traded above and closed about a buck a couple times in the past two weeks....so I'm very curious about the timing.

Consider, fewer shares and new Fortune 100 accounts means that earnings will beat estimates...which typically won't account for an RS. So...what will an earnings beat and fewer shares available mean? Think that's more the reason for it especially since management has been on a share buying binge recently. That's why I keep adding with any decent dips. Trend remains to the upside.

[Sone]

RS suck

[Lone Wolf]

Adding here at the open. Can't believe more folks aren't eyeballing his one with all the recent insider buys and the Fortune 100 account additions. Oh well. More cheapies for me.

Back up now that the fearful are out of the way post-Brexit debacle. That was a gift!

[eastunder]

Violin Memory Announces Reverse Stock Split Ratio

http://finance.yahoo.com/news/violin-memory-announces-reverse-stock-100000348.html

Reverse Stock Split Remains Subject to Stockholder Approval


SANTA CLARA, CA--(Marketwired - June 24, 2016) - Violin Memory®, Inc., (VMEM) announced today that its Board of Directors has determined the ratio of a proposed reverse stock split to be 1-for-4, subject to stockholder approval. The purpose of the reverse split is to raise the per share trading price of Violin's common stock to regain compliance with the $1.00 per share minimum bid price requirement for continued listing on the New York Stock Exchange. However, there can be no assurance that the stockholders will approve the reverse stock split and, even if stockholders approve the reverse stock split, whether this desired effect will occur or be maintained.

Violin Memory has proposed, for approval by its stockholders during Violin Memory's 2016 annual meeting of stockholders to be conducted on June 30, 2016, a reverse stock split of its common stock and a related reduction in the number of authorized shares of its common stock. The reverse stock split and the authorized share reduction are described in detail in Violin Memory's proxy materials in connection with the 2016 annual meeting, which are available on Violin Memory's website at investor.violin-memory.com/ .

If the reverse stock split and the authorized share reduction are approved by Violin Memory's stockholders, each four shares of Violin Memory's issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock, subject to the terms of the reverse stock split set forth in Violin Memory's proxy materials. In addition, the authorized shares of common stock of Violin Memory will be reduced from 1.0 billion to 250 million. If the reverse stock split proposal is approved by Violin Memory's stockholders, the reverse stock split and the authorized share reduction will be effective on, and the first day of post-split trading on the New York Stock Exchange will be July 6, 2016

[Lone Wolf]

Here we go!! $VMEM

[Lone Wolf]

$VMEM looking 'bottomish' here.

[Lone Wolf]

Excellent decision $VMEM! ...and I don't mean that sarcastically. Shot over the bow for the shorts. Will mean earnings / share will be even bigger when reported and institutions will need to compete for what remains on the marketplace.

Gonna be the tech play of the summer with regard to percentage gains. Woo-hoo!!

[makinezmoney]

Any day now... expect a MONSTER BREAKOUT

June is just about over.... Chips & Tech Sector on FIRE.

[Lone Wolf]

...and here comes the volume with the upticks!!

[Lone Wolf]

Time for anther add here. $VMEM .9649

[makinezmoney]

CHIP stocks... HOT HOT HOT HOT HOT

http://www.reuters.com/article/idUSFWN19C0CY


BRIEF-Arthur Samberg reports 5.318 pct passive stake in Violin Memory, Inc as of June 9
Violin Memory Inc

* Arthur Samberg reports 5.318 pct passive stake in Violin Memory, Inc as of June 9, 2016 - Sec Filing Source text (1.usa.gov/28Jfykb) Further company coverage: (Bengaluru Newsroom: [phone])

[Lone Wolf]

Peeps weren't paying attention to the volume earlier. They could have had some nice cheapies!

$VMEM

[PAC]

VMEM .97 buy days on high vol, sell days on lighter vol. 4 EMA /10SMA is holding trend

[Lone Wolf]

Yup. Looks set to provide us with that $1.14 break today. Loving the non-stop buying. Glad we got some cooling off last week too...so no one can talk crap about RSI! lol

[PAC]

Setting up to rocket beyond last high 1.14 area

[Lone Wolf]

Nice bounce here!!

$VMEM

[PAC]

Just para move to .99 momo increasing

[Lone Wolf]

Nice!! Was wondering why the volume just ramped just around 2:30. What a power move up from today's lows!!

$VMEM

[PAC]

News 13G file VMEM red/green .91

[PAC]

VMEM .86 tested .78 area twice and bounce. Want to see range narrow

[makinezmoney]

Insider Buys... All day, All NIGHT


Just because they feel like buying... right.

No real reason.

RIGHT ?


:)

[tob999]

Let's have some positive news VMEM!