STEN Corporaton (fka STEN)

[Renee]

STEN revoked:

http://www.sec.gov/litigation/admin/2015/34-74530.pdf

[Renee]

STEN SEC Suspension for Financials delinquencies:

http://www.sec.gov/litigation/suspensions/2015/34-74390.pdf

Order:

http://www.sec.gov/litigation/suspensions/2015/34-74390-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2015/34-74391.pdf

[cash4]

http://www.crmz.com/Report/ReportPreview.asp?BusinessId=13794

[cash4]

STEN Security Details
Share Structure
Market Value1 $480,463 a/o Jan 31, 2014
Shares Outstanding 2,528,751 a/o Dec 19, 2007
Float Not Available
Authorized Shares Not Available
Par Value 0.01

This is a company that brings $7 Mil a year or more, the PPS should be at least $3.

[cash4]

You guys have no idea what this stock is worth, i will leave it up to you to find out after you do some research, all i'm going to say is that at one point it was traded on Nasdaq.
I've been holding back for some time now, because i need to get my hands on a few more shares before people realize what this is about.

[Soapy Bubbles]

Read the previous post.

[mgland]

Down 29% today. Any thoughts on this one?
Thanks

All the best

[Soapy Bubbles]

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 26, 2008




STEN CORPORATION
(Exact name of registrant as specified in its charter)

Minnesota
000-18785
41-1391803

(State or other jurisdiction

of incorporation)
(Commission File Number)
(IRS Employer

(ID Number)




10275 Wayzata Blvd. Suite 310, Minnetonka, Minnesota 55305
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code [phone]

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






















Items under Sections 2 through 8 are not applicable and therefore omitted.

Item 1.01
Entry Into a Material Definitive Agreement
On November 26, 2007, STEN Corporation (“STEN”) and its wholly-owned subsidiary, Stencor, Inc. (“Stencor” and collectively with STEN, the “Sellers”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Brimmer Company, LLC (“Buyer”), an entity controlled by Kenneth W. Brimmer, the Company’s Chairman and Chief Executive Officer. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1.



Pursuant to the Purchase Agreement, the Sellers will sell substantially all of the assets of the Stencor business to Buyer and Buyer will also assume certain liabilities and obligations of the Stencor business, including trade accounts payable as of the closing date and the mortgage relating to Stencor’s Texas facility. The total consideration to the Sellers for the asset sale is $1,300,000, which represents $680,000 in cash, subject to adjustment, and the assumption of the trade accounts payable and mortgage. The cash portion of the subject to increase or decrease on a dollar-for-dollar basis to the extent Stencor’s net working capital at closing is more or less than $945,000. The Purchase Agreement also contains customary representations, warranties and covenants by the parties. These include, among others, a covenant by the Sellers to conduct the Stencor business in the ordinary course until closing, covenants by the parties to enter into certain ancillary agreements as of closing, and provisions regarding indemnification.



The Purchase Agreement and the transactions contemplated thereby were approved on November 26, 2008 by a Special Committee of the Board of Directors of STEN (the “Special Committee”). Beginning on the date of the Purchase Agreement and continuing for a forty-five day period, the Special Committee has the right to actively solicit offers for the Stencor assets or business. If, within this period, the Special Committee determines in good faith that failure to accept any third party offer would be inconsistent with its fiduciary duties, the Special Committee may proceed with the transaction with the third party and terminate the Purchase Agreement. If the Special Committee accepts a third party offer and terminates the Purchase Agreement, Mr. Brimmer will be entitled to a termination payment in the amount of $50,000. The Special Committee began actively seeking third party buyers for the Stencor assets or business following its formation on November 6, 2008.



Subject to the satisfaction or waiver of conditions to closing, the closing of the Purchase Agreement is set for December 31, 2008 or such other date as may be mutually agreed to by the parties following the expiration of the forty-five day period during which the Special Committee may solicit third party offers.



The summary of the Purchase Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to Exhibit 10.1 of Item 9.01 to this Form 8-K, which is incorporated by reference into this Item 1.01.



Item 9.01


Financial Statements and Exhibits



Exhibit
Description

10.1
Asset Purchase Agreement dated as of November 26, 2008 by and between Brimmer Company, LLC, STEN Corporation and Stencor, Inc.

[sidesh0wb0b]

lemme know if you kick down any doors! ;)

[sidesh0wb0b]

lol wow!

[Soapy Bubbles]

LOL. As of this moment, up 52% lol...

[Soapy Bubbles]

Trying to get some info and they are VERY quiet.

[sidesh0wb0b]

def could.......is there anything planned? have you spoken with the company at all?

[Soapy Bubbles]

It is!!!! But the float is respectable and it could run on a nice PR or event.

[sidesh0wb0b]

what a strange big board stock.....

[sidesh0wb0b]

STEN

[Soapy Bubbles]

2 USD, Low-Floater, Ill-liquid Play.

[Soapy Bubbles]

OK. Working on this tonight -- I hope. I fell asleep last few nights and will be getting to the iBOX. (Gotta sleep... dang it.)

[Soapy Bubbles]

STEN

[Soapy Bubbles]

Homepage: http://www.stencorporation.com/

[Soapy Bubbles]

BUSINESS SUMMARY
STEN Corporation principally provides financial services in the United States. It provides auto loans to consumers under installment receivable contracts, as well as finances a portion of the dealer-partner vehicle inventory. The company also provides short term consumer loans, such as auto title loans and deferred presentment loans, check cashing, bill payment options, and money wires. In addition, STEN engages in the retail of used cars. Further, it manufactures, on a contract basis, a line of sterilization containers and filters for use by hospitals, clinics, and surgery centers. The company was founded in 1978. It was formerly known as Oxboro Medical International, Inc. and subsequently changed its name to Sterion Incorporated. It further changed its name to STEN Corporation in 2005. The company is headquartered in Minnetonka, Minnesota.

[Soapy Bubbles]

DETAILS
Index Membership: N/A
Sector: Healthcare
Industry: Medical Instruments & Supplies
Full Time Employees: 53

The details need to be updated.

[Soapy Bubbles]

STEN Corporation
10275 Wayzata Boulevard
Suite 310
Minnetonka, MN 55305
United States - Map
Phone: [phone]
Fax: [phone]
Web Site: http://www.stencorporation.com

[JT_Marlin]

do they pay dividends?