Value Microcaps Motherboard

[2morrowsGains]

SEV....An acquisition in the near future is a strong possibility IMO...

"It was extremely important for us to raise these funds in order to facilitate the continuing growth of the business, both organically and inorganically.
http://finance.yahoo.com/news/sevcon-raises-10-million-oversubscribed-201500652.html

The purpose of this rights offering is to raise equity capital in a cost-effective manner that gives all of Sevcon's existing stockholders the opportunity to participate. The net proceeds will be used for general corporate purposes and growth, including funding Sevcon's ongoing research and development and product commercialization initiatives and acquisitions of other businesses.
Matt Boyle, Sevcon's Chief Executive Officer, said, "There are substantial opportunities today to expand our business both organically and through acquisitions, particularly in new markets for us, like China, and in the electrification of systems. To successfully achieve the organic growth, we need to increase resources such as headcount in engineering and sales. In addition, management is regularly reviewing plans and seeking to grow the business profitably, which could include by acquisition. We believe that, when we identify a possible acquisition, it would be desirable to have the resources at hand to complete any transaction quickly."
http://finance.yahoo.com/news/sevcon-inc-announces-plans-rights-190100288.html