offering will be in the works before end of year, be lucky to see $2 again
oh wait, they are ramping up, story was being told for the last 2 yrs.
Theyre finished hate to say, should've sold everything at $2.20, oh wait, I couldn't, not enough volume for this pos.
This thing is nothing but a piece of you know what.
They got NOTHING, NOTHING!!!!!!!!!!
No rev's , no products to sell to DECENT CUSTOMERS, no future.
They will just make money selling shares until the investors who buy them, (don't know why, quick profit after purchase and then sell most likely) will no longer be able to do that.
They will be OUT OF BUSINESS when this happens, probably a year at a $10M/qtr burn rate, oh wait a minute, it might go down to a $8M burn rate in 2015
I can almost guarantee you that there will be no "ChiMo" deal. The Chinese already have sqns tech copied by now and they will get nothing, in fact, sqns put all the R&D into it and all's the Chinese had to do was copy it, with a few mods that is.
This is trading down simply because there are NO CONTRACTS with NO REVS and LOSING $10M/qtr.
This will stay in the 1's, and perhaps stay in business for awhile, but when they run out of stock offerings from the shelf they will disappear shortly afterwards
Ya, and hopefully not lower than that. I am so upset that it didn't allow me to dump all my shares at $2.20 about 2 weeks ago, I tried and I was only able to dump 15K shares, just not enough volume.
This thing is going to be a dump for a long time, they will just keep on soaking the shareholders with offerings while promising the world.
Whatever happened to being "certified" by Verizon? That was almost 2 yrs ago.
Guess that didn't pan out.
They have no decent customers and lack of vision, not to mention $10M loss per qtr.
That's my take. They will probably come in under $6M and thus justify the new shelf just waiting to be offered.
They will be making more "promises" about "design wins" etc, but will still be losing over 10M a qtr, which is unacceptable at this point in time. They will "buy" another year of business on the backs of shareholders.
That is my take, I tried to bail at $2.20 but was only able to unload half my shares. Creeps won't give me another chance, might consider selling here as if what I say is true this is headed back to the $1.40's
Just saying. They need to sell chips right? If those chips aren't in devices that sell in volume then were dead in the water.
And unless sqns can get into these devices they won't have nothing for revenues.
Still holding half, but very very leery of next cc when it low rev's again.
Bought all the way down to $1.55
Brought my avg way down from $3
Sold half at $2.20 today
I will try to sell the other half over $2.20 soon
Basically a wash but I am very disappointed as I had high hopes for this one.
But there does seem to be someone buying big chunks that drive the price up temporarily.
Maybe they know something?
All with another shelf offering, what does that tell you?
Tells me no rev's, cash burn and inevitable dilution.
I don't know about you but I don't buy it anymore, management is just good at promises, not actual delivery.
Looks like the promises will continue thru next year as they pay themselves salaries on the backs of shareholders.
Good luck, I'm out
link to sec filing, looks like they will use when necessary.
Ya, unfortunately they are getting perilously close to the low teens in cash reserves after this next qtr loss. They will not wait till they are down to under $10M.
I haven't read the details but it does say "mixed". Hopefully its not all stock. If it is it will be quite a dilution as my guess would be in the range of $2 or less at 25 million shares. I think this will tap out their approved shelf of offerings. Sucks they couldn't just start getting rev's instead of this. Knew it was inevitable as they just care about salaries, not the value of their stock as I haven't seen any insiders rushing in to buy
Nice write up though:
“Sequans Communications has done so much to make LTE an affordable option for M2M in just the last 12 months. Lately, I can hardly think of 4G/LTE without also thinking about Sequans. Just imagine what this company will do in the next 12 months.”
– Peggy Smedley, editorial director, Connected World magazine
Just telling what happened over the past 2 mths with negative revisions. Old story, positive revisions will be coming next qtr.
They must be shorting the heck out of this.
Things are picking up, hopefully this is for real this time, we need some rev's.
Instead it retraced to $1.80
No interest in follow thru when we needed it most.
I don't like it