GigOptix (GIG)

[x993231]

Sr. V.P. Operationis Resigned on Monday, 8K documenting said resignation was sent via an 8-K after the Bell on Friday.

http://biz.yahoo.com/e/130118/gig8-k.html

It is becoming more and more obvious that Gigs E.O. Polymer is flawed, No Market acceptance, apparently it is too fragile and too unstable, Which IMO is the reason that the founders sold all ownership and basically gave the molecule away to a company that was a formed by taking the assets of another company (and not the liabilities) in one of the largest B.kruptcies in History. What comes around goes around.

It is hard to believe how long things like this can drag on, revenues are heading south, Endwave shareholders were given shares that were worked up to an unrealistic value on VERY low volume. As soon as it clicks there won’t be enough demand to absorb the volume and it will be like trying to catch a falling knife as it plummets. Now we know why they've already approved another reverse split of between 1 for 3 and 1 for 5. If you factor in the 8 for 1 reverse split they’ve already suffered the stock is 22 cents, a far cry from its high of almost $70 (adjusted for split) in October of 2006.

Stay tuned.