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Gold/Mining/Energy : Senco Sensor SSZ introducing new CO sensor in January -- Ignore unavailable to you. Want to Upgrade?


To: jbal who wrote (29)5/13/1998 8:00:00 AM
From: tango  Read Replies (1) | Respond to of 69
 
if you feel that ssz is trading at a 2x multiple to nadi because they have the detector to top and that is why the stock is hot, you are a very dangerous investor. there is nothing wrong with stocks getting a pump (especially from a pump house like canaccord) but a least understand that it is happening. SSZ must make a quantum leap to catch nadi and products change quickly in this industry. Further, Nadi has been signing solid contracts as well, but they commented" We don't feel we need to release contracts as it is a part a everyday business" let the bottom line speak for themselves. Nadi has a quarter coming out in 3 weeks, big sales and profits, i'm awaiting your numbers, assuming you can sign more contracts, but i'm sure we will hear about those....its part of the hype!



To: jbal who wrote (29)5/20/1998 1:20:00 AM
From: jbal  Read Replies (1) | Respond to of 69
 
500,000 unit private placement

Senco Sensors Inc SSZ
Shares issued 8,598,531 May 19 close $2.31
Tue 19 May 98 News Release
Mr. Nasim Tyab reports
The company has arranged a private placement of 500,000 units at $2.00.
Each unit will consist of one share and one warrant to purchase an
additional share for two years at $2.00 during the first year and at $2.60
during the second.
The company has appointed Foresight Capital to act as agent with respect to
the sale of the units in consideration for which, Foresight shall receive a
commission of 10 per cent on the first $300,000 and 7.5 per cent of the
proceeds over $300,000.
Proceeds of $1,000,000 will be used to finance production costs associated
with the company's residential carbon monoxide gas detector, to reduce
accounts payable and for general working capital.