Porper
Ralph Nelson Elliott
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sangshim said:SEN on trading halt...
Does anyone have any idea?
Yes, there must be big news !!
Or not :bad:
SEN - Senetas Corporation
- Thread starter Lachlan6
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Yes, there must be big news !!
Or not :bad:
Porper
Ralph Nelson Elliott
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sangshim said:Doh! big news?
Would it be a good one or bad one? it makes me nervous...
Well there are 3 scenarios Sangshim.
1. It will be good and the price will go up.
2.It will be "who cares" news and the price will do nothing.
3.It will be bad and the price will plummet into the abyss.
Too risky for me, I no longer hold but have traded SEN, not particularly successfully.Good luck to holders.I like to sleep at night though.
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Ralph Nelson Elliott
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sangshim said:
I would guess that it certainly isn't.Why would they do a trading halt for 2 days for a nothing announcement.(Maybe not 2 days but could be).
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I guess it is about this:
Crescent Technology Agrees $6M Agreement With Senetas
Edited Press Release
LONDON (Dow Jones)--Crescent Technology Ventures (CTV) announced Monday that it has entered into a $6,000,000 binding Heads of Terms agreement with Senetas Corporation Limited whereby CTV will acquire from Senetas the whole of the issued share capital of eCryp.
As part of the Acquisition, Senetas said that it will offer CTV licenses that can utilize Senetas' high-speed network encryption technology in certain of the security technology applications deployed by companies associated with CTV.
eCryp said that it is developing a proprietary and highly secure remote authentication technology incorporating all forms of biometrics that provides unprecedented security of biometric data through a patented one-time authentication technology.
The proposed consideration will be satisfied by the issue of New Ordinary Shares in CTV, or at CTV's discretion a mixture of share and cash.
The company's said that the agreement is conditional upon the satisfactory completion of legal and financial due diligence on eCryp by CTV, CTV shareholder consent and CTV raising sufficient funds to meet any additional working capital requirements.
The Agreement calls for Mr Francis Galbally, chairman of Senetas, to join the CTV Board of Directors at completion.
Crescent Technology Agrees $6M Agreement With Senetas
Edited Press Release
LONDON (Dow Jones)--Crescent Technology Ventures (CTV) announced Monday that it has entered into a $6,000,000 binding Heads of Terms agreement with Senetas Corporation Limited whereby CTV will acquire from Senetas the whole of the issued share capital of eCryp.
As part of the Acquisition, Senetas said that it will offer CTV licenses that can utilize Senetas' high-speed network encryption technology in certain of the security technology applications deployed by companies associated with CTV.
eCryp said that it is developing a proprietary and highly secure remote authentication technology incorporating all forms of biometrics that provides unprecedented security of biometric data through a patented one-time authentication technology.
The proposed consideration will be satisfied by the issue of New Ordinary Shares in CTV, or at CTV's discretion a mixture of share and cash.
The company's said that the agreement is conditional upon the satisfactory completion of legal and financial due diligence on eCryp by CTV, CTV shareholder consent and CTV raising sufficient funds to meet any additional working capital requirements.
The Agreement calls for Mr Francis Galbally, chairman of Senetas, to join the CTV Board of Directors at completion.
I dont like the way this company grand stands announcements........and note that they have relegated their silly "about senetas" statement to the tail-end of this release. It also deleted the company objectives (that was included at the start of announcements) stating their of them increasing sales from 28mil to 250mil in 3 yrs.....interesting.
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warney said:
I've got a glass poured but still waiting for the share price to do what it should!
Julia
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sangshim said:
imo it's yet another stock which experienced a disproportionately rapid gain in previous months. Now some degree of realism is returning. I bought it a couple of weeks before it peaked. Sold a few weeks ago. Don't want to hold a falling stock. Better to buy in again if and when a definite uptrend is established. I put those funds into more BHP. No regrets!
Julia
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I am close to being stopped out. At least systems release the emotion of the desicion :goodnight
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It looks like a dog at the moment. Chart is awful and the share price does not get excited with anything sustainable even when good announcements are made. I'll wait to renter when I see a turn around. Then it should boom but for the moment there are better opportunites else where.
SOunds like a fair statement from Profittaker. I don't want to sell this stock at a loss therefore I will keep it for the long term. It can not be that bad. My understanding is that share buy back means less share on the market therefore likelihood to go up in the future
