NetList Inc (NLST): At this point, the patents have been wor...

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Re: eyeownu post# 21928

Monday, 03/11/2024 12:07:17 PM

Monday, March 11, 2024 12:07:17 PM

At this point, the patents have been worthless. SK Hynix offered $40M cash and $600M in product at wholesale pricing for resale. This resale of product has turned into a net loss because the SG&A expenses are more than the margin. This includes the cash from which Hong gave himself a raise, a $650K bonus and more stock grants.

The math doesn't lie. The $40M cash and the $600M in product for resale has resulted in a net loss. Unless, of course, you are Hong.

Thx,
The Boxsterfan
Dean Janes is king of Angry Birds!!

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