Really, read the cc's the past 2 YEARS. it was suppose to ramp up in the Fall of 2013.
Give me a break and stop praising a company that is doing nothing but losing money.
Now its 2015, lmao
What's all this talk about "connected devices". No kidding, wireless does connect things. Is theirs the best for doing so? Doesn't seem that way as there are no contracts.
I think its going to be another disappointment, lack of rev's, no forecast, the same yadda yadda yadda. Meanwhile, they are dangerously running out of capital.
I smell another offering of $10 or $12M. Another 6 or so million shares
How do you figure? Cash is down to $22.1 from $27.9M
Hope your right about the stock price but that is highly unlikely and illogical.
Maybe by Oct
Last cc: "Based on the level of visibility we have on our customers’ launch plans, we continue to anticipate a strong ramp in LTE revenue in the second half of the year.”
2nd qtr rev's will be about $5.5M with another $8.2M loss
Cash AFTER 2nd will be about $19M
They are cutting it real close, I hope for your sake and mine it isn't 2015 as you keep saying.
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
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.
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.
unfortunately by "late 2015" they will have either
1: borrow funds to leverage their stock which will show a huge confidence
2: offer millions more shares showing lack of funding from a bank and less confidence and much more dilution
One thing for certain they will need capital
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.
You can't be serious! You really think the company is going to tell you what is going on at the board meetings. Really? Come on John, you can't be serious if you think people that read these boards actually believe what you say. The board doesn't even know and they certainly wouldn't tell some pee on investor what they are going to do. All's I know is they are running out of cash with all this cash burn and they will probably do another offering. Our best bet is that they get bought out so we don't have to put up with this b s anymore.
Stop cheerleading John, this stock is dead in the water with no oars. You keep saying 2015, come January you'll say the Fall of 2015 etc etc. They are getting no contracts and that is the simple truth. It would be happening right now as there are lead times that have to be considered.
Sqns is in deep trouble and the next leg down will bring it closer to under a buck then the pick sheets.
That is why we are where were at.
The market knows.
If they can finally get a huge ramp in Q4, say $12 to $15 and a nice forecast going into next year then we just might break $4 by end of year.
Too bad they can't announce any contract wins with someone like apple.