SKYC hit prices that I have not seen in a while. The bid was as low as $ 7.25 and you could have bought some @ $7.50 (though not much).
I have my doubts that the ACTEL deal will take place this year at all. Of course, there are many other reasons to be excited about SKYC future (AMRC, large backlong, etc.), but the ACTEL, in my opinion, is what would really make SKYC attractive in the short-term.
I listened to the conference call. Overall, it was upbeat, but many of the analysts, like myself, seemed quite interested in what was going on in that front.
The bottom line on the conference call regarding ACTEL was that there are delays and the businessment who are trying to get financing are still trying and have, maybe $ 20 mil, of there own money into this so they will lose a good amount of money if it does not work.
SKYC has contingency plans, but it would be much better, IMO, if the ACTEL financing happens. I have my doubts that it will since it has already been delayed, but who knows?
In the meantime, I'm just watching (accept for some calls I have).
I was tempted to pick some shares up today, but I didn't.
SKYC: $ 7.38b $ 7.75a
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