GreenAB

Simtek Corp. On The Rise

nice growth story, but the stock is not cheap at current levels.

with the nasdaq listing stockholders are cashing in.
CY is offering 1.0 of it´s 3m shares.
and the company registered 1.2m new shares (positive part: 1m warrants are exercisable at 7.50)

"This prospectus is being used to register 2,351,155 shares of Simtek
Corporation's common stock being offered by the selling security holders, which
include certain of our current officers and directors. Of the shares offered by
this prospectus 1,153,171 shares are currently issued and outstanding and
1,197,984 shares are issuable upon exercise of outstanding stock purchase
warrants with exercise prices ranging from $3.30 to $7.50 per share."


at the price of 5.85 the company will have a market cap of 95m post nasdaq listing.
book value is 17m (7m of it is a non competition agreement?) with only 3m cash.

revenue growth is impressive but i would like to see some kind of EPS guidance here,
before i would buy in.

if the business is that great, why did CY reduce their stake instead of aquiring the company?