After the seagate deal made up by the investment community 'media', OCZ was thrown under the rug when Petersen ditched out. I find that very unfair.
On the other hand, their financials show this is way undervalued at this price. We should all know OCZ isn't going to get delisted. They will become current and be back on track soon enough. I would say that now there is a much better chance of an acquisition happening with the recent M/A activity in data storage.
They make too much money to be valued here sub $3 in my opinion. Restating fins isn't that big of a deal either, lots of large caps have missed deadlines as well after management changes. That's why the NASDAQ complied and will consider the additional filing. It's no surprise really, but it's not good for bears betting against the company.
The filing Friday just goes to show the positive turnaround, and many bears were trying to bet OCZ would somehow just 'disappear'. Thanks