SQNM

Question

Someone talk to me about this fraud that occurred in the mishandling of data. It seems the company has been pretty tight lipped.

Did these 4 employees manipulate the data to make it seem their tests worked? Or was it just something else? If it was something else and the technology works I think we are looking at a bargain here at $3.00.

I mean this was just a $15 stock. I'm thinking of taking a small position here with the possibility of a 2 bagger quite possible.

I just can not find out enough information on what happened. I think if the company comes out and says the tampering was not that bad the stock surges. Problem is, how much downside do we have?

VirginiaHoldem2 · Answer

Someone talk to me about this fraud that occurred in the mishandling of data. It seems the company has been pretty tight lipped.

Did these 4 employees manipulate the data to make it seem their tests worked? Or was it just something else? If it was something else and the technology works I think we are looking at a bargain here at $3.00.

I mean this was just a $15 stock. I'm thinking of taking a small position here with the possibility of a 2 bagger quite possible.

I just can not find out enough information on what happened. I think if the company comes out and says the tampering was not that bad the stock surges. Problem is, how much downside do we have?

wallstreetcappers · Answer

Ive thought the same things.The issues are going to be if even the FDA accepts the data and what hoops they make SQNM jump through since this is an issue of confidence too. This situation makes the FDA look stupid and they might not work with SQNM.Now if the issue is temporary and insignificant and the data is easy to repair, then the stock is a 5 bagger and quick.

depeche2 · Answer

My understanding is that FDA approval is not required. It's more a matter of adoption by the medical establishment. They are looking to do a largest test to be published in a large peer reviewed journal.

The downside is $0. They have all their eggs in this basket. If it goes down in flames the company is over. This is one of those stocks that in 2 years time or sooner will be either $0 or $25+. Pretty good risk/reward.

VirginiaHoldem2 · Answer

Yup . . . I never did anything here with this one.

. Really ran today on rumors.

The best thing for one on covers to do is when I recommend a stock and DON'T buy jump in with both feet first.

SQNM up 50% today
FIG ran 637%
BUCY ran as well

I am too damn conservative for my own good.

wallstreetcappers · Answer

VH2,You and me both..I sat and did nothing on SQNM under 3 and I should have.I did buy CRDC though, nice move yesterday for the stock.

VirginiaHoldem2 · Answer

and down goes SQNM . . . of course I would have sold yesterday in the 5&#x27;s.hmmm . . . if it goes back into the 3&#x27;s do I take another run at it.

wallstreetcappers · Answer

VH2,If she tests 3 and holds yeah I will buy some.CRDC is a small floater, more potential there than SQNM sue to the size of the company.

VirginiaHoldem2 · Answer

Yeah saw that market cap is only $28 million.

SQNM

Hot Forum Topics