Inseego Corp (INSG)

[jessellivermore]

Price action....

This is what you get when you "offer" "Convertible Notes"...A bunch of hedge funds shorting every move up because it is in their best interests..Shorting not only keeps the the interest they are drawing "Market Neutral" (no risk) but insures (in most case) you will get more shares when the notes are converted..

Why the management would have decided to go "convertible" rather than just do a secondary is beyond comprehension. Its not that they have an humongous float..It's one jump over being a liquidity hurdle...Jesus everybody complains about about secondaries..but the truth is a month or so and nobody even remembers them..and they don't lead to situations like this one..Doing a secondary in the $8 range is not like the stock is trading for a dollar. I try never to own shares in a company that does a convertible///
And now I remember why..

":>)JL