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Author Topic: SGID drops 50%
realtor548
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It just drops more than 50%. Good time to jump in ! I was in at .015
Posts: 156 | From: Rochester | Registered: Sep 2006  |  IP: Logged | Report this post to a Moderator
J_U_ICE
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SGID Silicon Graphics, Inc. Common Stock 10/18/2006 Bankruptcy effective 10/17/2006**

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/17/2006&mkt_ctg=NON-OTCBB

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The difference between genius and stupidity is that genius has its limits

Posts: 10204 | From: NYC | Registered: Mar 2006  |  IP: Logged | Report this post to a Moderator
The Phat Man
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there are consistent blocks of millions (buys) going through...
whassup with that?

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Cashing checks in two forms: Money and Reality

GLTA,
The Phat Man

Posts: 1236 | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
realtor548
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Sorry to post this. I did not know they file bankruptcy. I am out before closed at .018

Thank God I was out.

Posts: 156 | From: Rochester | Registered: Sep 2006  |  IP: Logged | Report this post to a Moderator
Upside
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Thet filed their 10K yesterday. I skimmed it, they've been in Chapter 11 since early 2006 and it appears they plan to re-emerge on Friday 10/20. This statement is copied from their 10K and tells you why you should get out now:

"Upon consummation of the Plan, our existing common stock will be cancelled and have no value. Under the Plan, all of our existing common stock will be cancelled upon consummation of the Plan and the holders of such securities will receive no recovery. This has caused a significant negative reaction from our stockholders and may adversely affect our ability to attract new stockholders in the future."

Posts: 5729 | From: Wisconsin | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
GVMOORE
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Thanks Allstock member who saved my butt last
month from being stuck with these worthless
shares.

Posts: 758 | From: FOREST,MS | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
   

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