You're right, I intentionally didn't give alternatives because I don't have inside info as to what alternatives were available to them at that time. I just think what they did was fishy and I definitely don't think it was done in my best interest as a peon shareholder. All jmho; read my name.
My name make me a whiner (sometimes)...lol, especially when I think something is fishy.
As for RESN, I did sell part of my original shares but have since bought back more that I sold. Could be a mistake but you never know; it keeps going up. my average is still fairly low. If their designs pan out, reviews I've read indicate that the pps could shoot up many multiples from present. Time will tell.
Even though I complain, I've actually made a profit on SCON for 2014. I just got lucky playing buy/sell during last year's PIPER games. I'm hoping for the same luck this year.
Good luck to you.
I wonder what the buyers of SCON's total investment of RESN knew when they were so eager to buy at the absolute lowest RESN PPS? Since SCON management was in on the original startup of RESN, I'm sure they knew nothing and were glad to get rid of that lousy investment. Now us poor peon SCON holders, all we got to look forward to is another PIPE deal below market price. And then the shorting and pps manipulation all over again. Maybe if I eventually made enough on my RESN investment, then maybe I will give up on some of my wishful thinking and greed, take my usual SCON loss, and move on. But it's hard to do as most peon retailers here know.
Surely you don't really believe that was the only option they had? Actually, more dilution would have been much better that what they pulled imo. Besides, they will have to dilute more real soon anyway imo. Dilution will mean very little if they ever start getting a lot of sales. RESN was the main gem that SCON had imo, and they sold it for almost nothing. I don't know of any IPO where the original investors sell that quick unless they have already made a fortune. SCON management did not make a fortune for us shareholders; so why did they really really really do it?
I wish now I had not sold some of my RESN for 200% quick gain. I guess one cannot be right all the time.
Almost scary; but SCON shareholders need not worry because S CON management got rid of our RESN shares asap at the absolute bottom of the market price.
Well, I'm waiting also, hoping for pure luck, but that doesn't excuse what they did imo. If I had the investment (or money) that Blackrock has, I would have my lawyers after someone over this unless....lol,,
Based on how fast it is moving up. I guess everyone here knows by now that SCON management was involved from day one with RESN, probably knew all details of the IPO and what the potential was, and yet sold SCON's complete investment in RESN only about 3 months after the IPO at the absolute absolute absolute bottom pps. Chew on that for awhile and think about why they would do that...really why.
With all the RESN hype about putting the filters into million and millions and millions of phones, RESN may shoot the moon on first contract announcement, and SCON management sold at the bottom only about 3 months after the IPO. I can't hardly believe it, but it happened. Just think, that is our management team here we are playing craps with, or should I say against?
I'm sure SCON management has done everything in a legal manner..xox; but that doesn't make up for such a stupid decision to sell RESN complete investment as they did, imho. Why in the world would you suggest I "learn something", as if you are defending this management outfit for locking SCON shareholders out the RESN investment and future potential??? Who should care if I learn something when all peon shareholders have been taken, imho?
Great job management on locking SCON shareholders out by selling "way below" market only about 3 months after the IPO. Is it not obvious to all why they did it????? It sure is to me. But I'm liking my RESN dice throw...at least right now
After SCON management done in a few of us SCON shareholders (imho) by selling the companies total investment in RESN only about 3 months after the RESN IPO at $5.09 which was "far below" RESN trading price range on 9/29/2014, between 6.58-7.16. I think someone mentioned that SCON management bought some of those..wow...wasn't that sweet of them. I wonder if any of the SCON pipers or their buddies got any of those awful shares that just had to be sold?? Too bad SCON management didn't contact all shareholders and ask us if they we would like to by the RESN shares at 5.09? I know...I know...that is a stupid thought..lol
And SCON management sold SCON total investment in RESN only about 3 months after IPO at 5.09 on 9/29/14...wow..and that was way below PPS trading range for RESN on that day. RESN pps that day ranged from 6.58-7.16 and closed at 6.90. That was a real con job pulled on some of us SCON shareholders imho.
I suspect SCON management responsible for selling SCON's total investment in RESN at a price much lower than trading price on 9/29/14 are sitting back, drinking their morning coffee, and laughing all the way to the bank.
Anyway, I plan to hold the same equal original investment in both to see which one performs the best over next 18 months. As of now...RESN up over 150%...SCON down a little from 2.77.
Your right; anyone who is here really isn't living...so...I'm gone...for awhile..lol
In just over 3 months!!! Or maybe I should say while management and maybe their buddies (??) were buying at a RESN manipulated bottom. Guess I should thank this management team for something...lol. Doubt I will ever see that type gain here.
if anyone really believes that.. LOL. But I'm glad I bought RESN at the bottom while SCON was selling. It would be nice to know who they sold to except for any they got for themselves...at the bottom. Anyone know?
Why was a pre-IPO initial investor (SCON) who provided critical patents to RESN even allowed to sell their total investment in RESN only about 3-months after the IPO? Why did SCON release total control of those patents without retaining some rights to future royalties if RESN's REVs/profits exceed a certain value? Surely SCON management knew what RESN's potential was, yet they sold SCON's total investment in RESN at the absolute bottom of RESN's share price. Isn't that a little odd???? Who in their right mind would do that? Then what happens after they sell all? RESN pps almost immediately increases from $5 to $14. Now tell me there isn't something fishy about all that. It looks to me like us SCON shareholders have been rooked...well maybe just the peons if the truth be known..jmho
By selling 700000 RESN shares at the absolute bottom of 5.09 just over 3 months ago. Ohhhhhhhh...I'm sure they had to.
I just wish I owned more RESN from its bottom.