Wireless Ronin Technologies Inc. Message Board

That was a loss of $33.256 mln.

That's staggering loss! for a quarter, especially it is burdened by short term debts due that are far too bigger than its cash position and borrowing room combined. If one count in the continued losses projected for 2013, they'll likely be out of business in 2014.

There is nobody in the world would lend them money, after what happened to STP - biggest of all solar companies in China. The debt crunches are still ahead.

It lost $33.256 in latest Q1 2013, and has no hope of turning a profit in 2013, as the CEO clearly stated that "the conditions are challenging" still.

It used $119 mln cash to pay the convertible debt, which was due May 15, 2013. This item is particularly important for those blind chasers of the junkie stock. Why?

Well, notice that the convertible debt holders didn't Convert any of the debt into the junkie shares. Instead, they asked for the total principle and the interest accrued back! And they walked with their money, but didn't even bother to renew or re-issue any more convertible.

Wow!! Talking about junkie chasers of the Wall Street. Those convertible holders must have been thinking they were very lucky - they didn't end up like those of STP.

Go figure that out!

Cheers

So, it began - the first margin call just hit.

Watch the 200 MA level - the first real support.

I said last Friday: "I think we'll see some serious margin calls next week."

The first thing must be to crush those greedy buyers who still think this as "value". And the snowball starts to roll, downhill.

Another $10 crash is easy.

Notice that the 200 MA is at about $15-16 level.

The next $10 drop will flush out the truth about the scam - Cody Acree, or some other people. We already know about Green River #$%$ - fraud.

Wow, look at those greedy idiotic buyers!

The "bailout" team is leaving the trading scam - left those idiots holding the bags over $30!

$17 next??

Not many traders collect the trading stats every day like I have been doing. Those details in trading each session can tell a true story when they're put together - one can see how the shorts moved and what they're thinking; and most importantly, what the bigger players did and why.

Trading stats are like the guide lines and landmarks on a map - they point out the next destinations. Especially after you become proficient with a "map".

Remember what pointed out.

The intraday moves are noises. The destinations are the most important. Swing traders will miss the biggest jump that is still to come.

We're still at the "tree-shaking" stage. Notice how the trading is shaping up. Last time, it hit $3.12 briefly, and some sellers showed up. This time, the stock hit $3.25 briefly, and some swing traders couldn't wait.

So, next jump will be out of the range - $3.50 will be taken out in one big leap.

When I started this topic, few newbies understood what it meant.

At the bottom, it is always "scary", b/c you don't know what the real game is in trading. However, whenever you are able to catch the bottom, you become a strong hand - a winner.

At this point, big sellers were long gone. The only "real" sellers are some stupid retail who don't know what they doing, and some stupid shorts who are just as dumb.

Big buyers have failed to load it up at the bottom - instead, they let the small investors in at the bottom. Last Friday, those short used some 37,000 share on the short side to fake the selling pressure. Who are really scared?!

When the small investors are in at the bottom, there isn't any cheap share left. So it becomes a slow squeeze on the shorts - until it jumps up unexpectedly. What else is new?

Damn, couldn't find more shares to short at $5. This is some serious shorts squeezed from last Friday. I didn't go short Friday, but didn't look at the insiders interests; or I'd be long on Friday for a trade.

The only question left now is at what price they will sell the new shares to raise cash. The Wall Street is full of suckers.

I find Barron's latest report piece on UNXL funny. Basically, according to Barron's, or more precisely, Cody Acree (infamous person), all that selling by large shareholders were based on "rumors and more rumors".

Seriously? So according to Acree, those retail longs on the chopping blocks would be smarter and know better than those insiders who dumped it decisively?? And those big insiders would be so easily swayed by some rumors and thus gave up their "extremely valuable" shares???

Man, that guy is always so shameless and full of holes in this brain.

It's only more "curious" why they chose to hold a CC on a Friday of all days?

Fridays are normally reserved for bad news by most of the shady companies that wish less people would take notice of their bad deeds. So, it's only more problematic for UNXL longs to think about over the weekend. Why on a Friday???

I think we'll see some serious margin calls next week. As some of the biggest traders got clobbered some 26% in one session.

This was not "another" one of the selloffs. This one was special - some large shareholders got out, for very good reasons that are still to be confirmed, but will be too late to know by the retails. What else is new?!