View Single Post
Unread 05-09-2005, 10:31 AM   #27
HAL-9000
Cooling Savant
 
HAL-9000's Avatar
 
Join Date: May 2004
Location: San Diego, CA
Posts: 202
Default

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.
HAL-9000 is offline   Reply With Quote