Zeev's Turnips Patch-No Politics (ZEEV)

[goodluck]

Don't you think most of SNDK weakness is market related and it is simply going to the bottom of the $58/$66 box?

Could be. But the weakness became more pronounced after the FLSH announcement. It seems to me that the terms of the convert they have just sold (are selling now? I'm not sure if it is done yet or not) are so favorable that that in itself would have given the stock a boost. Negative real rates (1% nominal rate), a strike just below their all time high, and they are even hedging some of the dilution (though the hedging terms have not yet been disclosed), should take care of any financing needs they have for next 2-4 years for future fabs.

I wish I understood the SFUN technology better, but I don't. And I wish I understood what is behind the x4 technology and FLSH just announced. I'd be in a better position to understand the ramifications for SNDK, if any. Was hoping you could do your usual masterful job of explaining it. Maybe someone else can?