SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Zitel-ZITL What's Happening
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jacques Chitte who wrote (12254)10/30/1997 8:03:00 PM
From: CalculatedRisk  Read Replies (2) of 18263
 
Alex, see post #12256 from TexasDude. I doubt Zitel will go bankrupt anytime soon. Just because they are on track to run out of cash by next May, does not mean they will go bankrupt.

They will probably cut expenses to extend their operating cash. Management emphasized cost cutting during the conference call. And Zitel may be able to return to the Caymans for additional capital. As a short, I was thrilled that the Cayman investors have only converted 150K shares. This means future dilution will be significant.

Best Regards, Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News