Replies to post #502 on Inseego Corp (INSG)

[JFXL2]

All good stuff here. Now it is time to watch this one unfold, at least that is what I'm going to do. Enjoy!

cheers FX

[jessellivermore]

Slim...

Yes this is wonderful news and yet the PPS does not move up the way it should, We should be much higher, but we a re not moving..

Diagnosis..."Convertible Note disease"...The convertible notes are for the most part are owned by hedge funds...All these hedge funds do the same thing..They immediately short the common in the amount of the value of the convertible notes they hold. Which guarantees a market neutral strategy in which the hedge fund can then collect the interest on the notes..and not worry about losing on the principle.

We suckers who own the common don't see the the profits we should because the Hedge Funds hedge (shorting the stock)..Keeps the PPS from going up..

Mondor is much more interested in the hedge funds than the shareholders..There is no reason for the convertible notes..We don't have an enormous float..and a forcing conversion and issuing a secondary is not going cause permanent damage..We should be closer to $20 PPS than languishing at this level after these amazing announcements..Mondor does not care about shareholders..he is in bed with the hedge funds..

":>) JL