Greedy wallstcrooks; that's about all one can say about it.
I guess that's it. But the good news...you can still buy your lottery ticket near the all-time low.
Fake trading to pump it then short it back down and cover a few more of those $10 shorts all over again? Good news may be coming but I have more faith in the typical actions of the wallstcrooks.
Surely you don't think wallst operates in a fair and so called legal manner.. Even all members of congress gets to trade with inside info, plus as all their buddies, which is everyone except the average joe investor. Wallst is crooked to the core imho..
Company only got 5.57 per share in cash from the new pipe. So why would traders pay more than that until the company shows they can make a profit. I really wouldn't be surprised to see it get cut to about half of the pipe price unless they announce something really good. Pipers usually show no mercy when they short; they want your pain to be so great that you will naturally sell at the bottom.
Who knows; he might be short against all of his own shares as protection, but slowing covers with other traders' shares who sell for a loss. Considering the size of his positions, one has to think he has always had inside info, way before any info was released to the public, both positive and negative news. May or my not be true, jmho.
And they have inside info. But they also probably shorted above the recent $10 pps using that same inside info. Now they want to cover with your shares that you sell for a loss as they drive it down until you can no longer stand the pain. Naturally jmho, and probably 100% wrong...lol
And btw, the lottery ticket will not pay off until after you sell. Usually, that's my luck..lol
They should be able to continue operating for awhile now. Maybe new deals coming will reduce burn rate and drive toward quicker positive cash flow. And if they can last long enough, they might eventually get some cash out of China. Even if they settled for $100M, that would still be over $7/s based on about 14M shares. If they actually got the $450M, that would be $32/s...
My guess; wallst short scammers that trade with inside info short from high above and keep shorting to drive it to all time low or as low as possible with the shares they have available from all sources. At that point they need millions of shares to cover but don't want to drive the pps up by trying to buy on the open market. Thus they make backroom deals with company management to give them more money to survive on, even getting the new PIPE shares at a discount to the market pps. BINGO...they can now cover with the pipe shares or hopefully get retailers to sell to them at the bottom. Now I'm sure that didn't happen, but my guess it happens sometimes somewhere...lol.
That assumes status quo and no future sales increase. If sales increase significantly and or they should get a nice settlement from China, then this could be on its way to a really nice recovery. But in the mean while there will probably be a lot of pps manipulation by the shortscamming wallstcrooks.
Maybe no one, but just for thought.
1. Will the pipers be able to use those 4M shares as protection if they short and manipulate the pps? Or could they somehow borrow 4M shares somehow behind closed doors and short all 4M off record while the pps was in the $10s???
2. Were the pipers shorting all along as the deal was being made?
3. Did insiders on the deal tell all their buddies to short in the rise from $7-$10+??
Now, who is suing who for what?
And any large shorters within past 60 days of the pipe announcement are to be given their money back without any profits...unless they had a loss which would be deducted from their original investment..
Am I dreaming or what?...lol
Wallst is so crooked; and are gov leaders who continue to allow wallst scams are just as crooked, actually worse.
You're right whether you're a loser or not; but a recent $6-1000s small buy of AMSC would have netted $4000+ gain in just a few days. Now look at us here. I think we're all losers here...lol
7-8% right off the top for a little paper work and zero risk, plus pipers get to use all those shares to control pps as they wish. Wallst setup is amazing..lol. Assuming pipers use the warrants, SCON will end up with about $7M total and share count will go up another 4.6M shares. How long will that last until the next pipe?? 6 months??
Sure hope big deal is announced soon or this will surely head below $1..jmho
Up over $10 after the RS.
Might be a good time for SCON to consider reverse ipo back into RESN while it is being whipped by the wallst gangs...maybe 50-50 merger??...just a thought.
Even if they are a major risk taker? They have zero revs and none anytime soon. No need to even think about earnings. Any new funding will cause major dilution, plus we all know what pipers do best. Besides, I suspect the shorts and their buddy wallst lawyers are not done with this by a longshot. Yes I could be wrong and it could shoot the moon any day now..lol
Plus new PIPE probably coming, and we all know what pipers do best. Mixing all of this together looks very bad. Unless they hit the jackpot design very fast, pps could easily head much much much lower.