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Politics : RAMTRONIAN's Cache Inn
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To: NightOwl who wrote (14367)7/2/2009 6:40:25 AM
From: NightOwl  Read Replies (1) of 14464
 
First the good news:

1. On June 24, SVB re-upped on their revolving credit arrangement to Ramtron before the June deadline, extending the facility until September.

2. On June 3, CEO Staunton bought 5k shares at $1.03 on the open market.

3. Both these events strongly suggest that the confidential SEC filing of June 1 was in fact related to a settlement of the outstanding product warranty claim of the unknown customer.

4. There will be no RMTR bankruptcy as a result of the warranty claim, if in fact, the claim was settled by the end of May.

5. At least two more RMTR products are expected in the next month or so.

And the bad news:

a. You don't know what the terms of the "presumed" settlement are.

b. The SVB probably knows the value of the settlement... or at least that the difference between it and the $850k estimate previously disclosed is immaterial to future profitability.

c. While there might be some valid reason for withholding the identity of the "customer" from you... We can't imagine such a reason for withholding the amount of the settlement from you.

d. If the warranty claim was in fact settled on or about June 1, "Martha Stewart" would probably think that the June 3rd stock purchase was "unlawful" insider trading.

e. Mrs. Stewart has no clue as to whether or not the above referenced insider trade was lawful or unlawful.

f. None of this has stopped you from joining the CEO in acquiring more shares at these Gawd-awful levels.

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