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
I hope you're right. I know I bashed at times but I was just venting from frustration.
I am adding here.
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.
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.
Oh, the margins, that explains it, less margin, less net, less cash flow, less stock value.
didn't catch that.
Today I am very baffled as to what is going on. The only explanation is someone big knows whats in the pipeline and they are bailing before anyone finds out.
Crooked as can be, UTX beats and raises and it goes lower from $112 after hitting a high of $120 at which point there were upgrades and price targets of $135
Amazing, isn't it?
Another $9M loss, other losses rest of year.
Chinese copied and don't need sqns anymore, they have no big-name customers that will buy from them, just hype.
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
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.