Sequans Stock Discussion Message Board

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Technology Stocks : Sequans Stock Discussion

SQNS 7.630

-1.8%

Oct 30 3:59 PM EDT

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From: GaryMi	3/11/2021 12:58:10 PM
	2 Recommendations Recommended By frmrVZguy JCnieuwenj Read Replies (1) of 222

Sequans Settlement Got my checks today but they were less than I expected. My average compensation for eligible shares was $0.21/share vs the "damage" of $0.72/share. So I'm a little disappointed but not surprised now that I think about it. Here is the eMail I sent to them. When I get an answer I'll post it. "Hi, I received 3 checks today from the Sequans settlement. The amounts were far afield from what I was expecting so I am seeking some clarification. For example, in one account I have only one eligible purchase which was 2,500 shares on 5/15/2017 at $3.88 per share. As these shares were still held on October 27th the loss is calculated as 2,500 x $0.72 = $1,800. The check I received was for $589.05 I can only assume that the calculated loss is merely a construct that is used to apportion the settlement amongst the claimants and not an indication of the estimated reimbursement amount. Is that a correct appraisal of the situation. If you have any type of detailed breakdown I would be very interested to receive it and put my mind at ease. Thank you."

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