Invest-in-America
4 days ago
SIFY: A monster Reverse Split should be announced shortly here. (Nevertheless, SIFY closed up by nearly 6% in the Post-M today alone; and heck, a 99% up Close today in the Open-M wasn't too shappy either. And ya know, with circa 1.5-BILLION-PEEPS in India, well, maybe Indians simply LOVE collosal numbers in their favorite stock FLOATS, to boot!!! And lastly, toss-in that rather trending word of late --- namely, "NVIDIA" --- and well, who knows what kind of improbable PRICE action might transpire here tomorrow!!!)
Heck, if were an Indian --- of the, e.g., New Delhi 'tribe', so to speak --- I just might try to 'SCALP' some profits off this curious SIFY puppy tomorrow!!! (All puns intended.)
"Keep DREAMIN', you clown fool, Invest-in-America!!!"
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Invest-in-America
5 days ago
SIFY: Yep!! (Hey, Bro --- of recent months --- any stock's FLOAT may or may not affect what its PRICE does, behind great news, or whatever. And conversely, that old 'LOW-FLOAT' theory that such will make a stock SOAR in price is long dead now. These days, Dude, Wall Street is a pure CRAPS-SHOOT --- i.e., to which NO RATIONAL thinking, scanners, charts, nor predictions can be systematically applied!!!)
Enterprising Investor
2 months ago
Sify Technologies Ltd. Rights Offering Over-Subscribed (6/28/24)
CHENNAI, India, June 28, 2024 /PRNewswire/ -- Sify Technologies Ltd. (Nasdaq: Sify) (the "Company"), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, today announced that its recent rights offering was over-subscribed.
The subscription period for the equity share rights expired at 6:00 p.m. (Chennai, India time) on June 21, 2024. The subscription period for the American Depositary Share ("ADS") rights expired at 2:15 p.m. New York Time on June 21, 2024. Subscription rights that were not exercised prior to the end of the subscription period have expired. Any excess subscription payments received which remain with the Company or Citibank, N.A., acting as ADS Rights Agent, will be returned to the applicable holders.
The Company expects to issue an aggregate of 190,268,698 equity shares and 59,730,265 ADSs (each representing one equity share) pursuant to the exercise of subscription rights during the rights offering, raising gross proceeds of approximately $30 million before any expenses of the rights offering. Following the issuance of the new equity shares and ADSs, the Company will have 433,331,423 equity shares outstanding, including equity shares represented by ADSs (and which includes the 13,262,908 ADSs to be issued as part of the over-subscription right). The net proceeds of the rights offering are expected to be used for expansion of the business for developing Network Centric Services, Data Center services, Digital Services and for general corporate purposes.
The 13,262,908 ADSs to be issued as part of the over-subscription right were allocated on a pro-rata basis among rights holders who exercised their over-subscription rights based on the number of additional equity shares or ADSs each rights holder subscribed for pursuant to its over-subscription right.
Delivery of the new equity shares subscribed for in the rights offering is expected to be made on or about July 5, 2024. Delivery of the new ADSs subscribed for in the rights offering is expected to be made on or about July 9, 2024.
Other Important Information
A prospectus relating to the rights offering was filed with the Securities and Exchange Commission on June 3, 2024 and is available on the website of the SEC at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
https://www.prnewswire.com/news-releases/sify-technologies-ltd-rights-offering-over-subscribed-302185995.html
rtrstock
4 years ago
The chart looks good over the course of the year, but there is a recent down trend that is so steep, it is difficult to see this recovering...I may sell with less of a gain than I had at 2.80, with a 2.52 sell... still a gain, but the last section of the chart seems like a bad sign. I could be wrong, it could be momentarily, but I have no way of predicting what will happen.
kid biscuit
7 years ago
Yep, absolutely a huge long term win here. Patience is Golden! Put this baby on autopilot go to 1st class and take a nap. SIFY will take care of itself! HUGE RUN just getting started, institutions are loading for the biggest run of SIFY's life. On their way to becoming a powerhouse in their part of the world !!! Revenues, profits will just steadily keep going up every 1/4 as far we can see. The infrastructure that took years to build is now gaining critical traction, as success just keep bringing more of the same. I see great communication skills from the top to the bottom of the company, great quality control and efficiency from the top to the bottom of the company, and a greatly enhanced user friendly products delivered with a smile and super quick support services. Have never had a doubt about owning shares here, and payday will just continue to get better for us longs!
kid biscuit
7 years ago
No, I just read that from a pr from their website, but nice turnaround going on with the company. I don't really see any downside unless the entire market bails. They would be much higher except for the fact that the institutional investors haven't come back from from a few years ago that I know of, unless they are slowly starting to build their holdings. This new CEO is very good. He is doing everything right. It's almost like he's old school. I know they want to bring the stock up over a dollar to meet Nasdaq regs by June. So there should be an incentive move coming in the next month worth some change. It doesn't always trade high volume, so its great if your getting a small stake, that would be fairly liquid, just not 20 -30k unless there is a big pop in pps.