Boston Market was an ongoing concern that got into a serious cash flow problem - they closed some stores, took out some high salary execs and made deals with their creditors all the while cooking up chicken and operating their stores and generating income - in many of there markets, there is serious demand for there product
SYQT, on the other hand, was giving away the drives (Via rebates) for a year and conversely are not marketing or selling any product to the retail level (as far as I know). There is no longer any demand for their widgit and subsequently Syquest is not generating any income
I'm grasping for straws too, but the Boston Market Chapter 11 is not a fair comparison.
If something positve emerges from this, I will be most thankful, but incredibly amazed...
Dateline, July of 1997 - SYQT skyrockets to 6 bucks and change - my $12,000 IRA instantly became inflated well over $20,000. I am remiss because that day my broker called me on my cell, i was at the zoo having fun with my kids, he says "Sell or let it ride" - "let it ride" I replied - let it ride comes to mind every single time I see my the value of those shares today - a whopping $430!! Never buy and hold is the lesson I learned - take it outta the market before it takes it outta you...this casino never closes
SORRY FOR THE DRAMA!!!!
ROCK ON |
