RE:RE:Semiconductor firms under pressureWhether S7 is O/B or O/S is not the point. The sector is under pressure to cut costs. We learned earlier this week that S7's niche is not as secure as had been hoped. TI for one is competing. If margins decrease and you're not making any profit anyway, it stands to reason you're living on borrowed time.
S7 has just been to the well for what might be its last bucket of water. I don't believe for one moment that those who helped fill the bucket did so with the confidence that S7's future is rosy. I suspect that the way the financing has been finagled, and the new large short position that's been taken, it means that the backers can't lose whichever way it goes.
But to address the O/B or O/S question, doesn't the issuance of 20-million new shares and no change in the SP suggest an O/B condition for a company posting poor results? What are these O/S notices whereof you speak?
From my perspective, S7 is a highly speculative stock, which is why I sold 80% of my position (at 46 cents PS) several weeks ago. Obviously I wish now it had been 100%.