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SCON warrants -7

10:11 17-Feb-15


A couple of subscribers are asking about the drop in SCON, which is not part of my coverage but was mentioned on my pick list.

It looks they dilutive financing at ~$2 per share.  I also note that the rebate rate is up somewhat to 65%, indicating that short sellers are taking profits on the drop. 

The company had previously said that they hope to transition from qualification to commercial orders for its Conductus wire this year.  Though the wire appears to compare favorably to any other offerings that I've seen, there's not much way to take any good guesses at pricing or total addressable market (TAM).  That's why I had labeled this a get rich or die trying stock.  That said, there's no particular reason to think that either eventuality is any more imminent now than it was before.