nope they are a private company, and are going public very soon. Public means being listed on a public stock exchange and having to conform to the SEC rules.
Gabe - the owner of Swiftech - is going with a company that specializes in easy "go public" packages for small companies. |
It looks like Swiftech is going to go OTC. OTC is the normally considered the land of "penny stocks" and the like. Enron ended its existence as a pink sheet for instance. NASDAQ rules say for a company to be listed on their exchange it must be at least a $1 a share, and have a equity valuation of at least five million. I figure Swiftech would be worth that, I wonder why they are going for an OTC listing?
Either way, Swiftech is a growing company, they have a Chinese manufacturing relationship, which puts them in a cost structure that is competitive for volume supply. Plus, the computer business will just need more and better coolers for the forseeable future. Perhaps the stock would be a good buy when it is available depending on its price. It will be interesting to see their financial statments and such once they are publicly available. Too bad Bill can't post here anymore. He was very entertaining character who made you think. |
oh by public i didnt realise you meant opo.. hmm. have the irrational urge to buy stock.
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I will miss Bill's posts too, but I knew this day was coming. And as soon as I saw the press release I knew it was right then.
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Well this sucks.
I lurk a LOT here because I am in a constant state of learning and Bill has been an excellent teacher. By press release you mean Swiftech going public? |
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