Simulated Environment Concepts Inc (SMEV)

[billionairehsuan]

[color=red][/color]$SMEV merger coming?


When SE Concepts, makers of the SpaCapsule self-contained water massage and sensory stimulation system, recently issued a press release indicating that they were going to reduce the number of authorized shares, also suggesting that there may be a merger/acquisition in the works at some point, it generated a lot of questions and interest on the part of investors. As a result, Allen Licht, the company’s COO, sat down with OTCVoice.com to clarify and discuss the news.

The first thing addressed was the share reduction, which some people had mistaken for a reverse stock split, which it is not. Authorized shares represent the maximum number of shares that a company is formally authorized to issue, a number usually far greater than the number of shares actually issued. The remaining un-issued shares can be used for stock options or other purposes. It’s a move that has been requested by shareholders, and is part of an overall plan to improve the financial presence of the company.

Mr. Licht also verified that the company is currently in the preliminary stages of negotiating some sort of acquisition or merger,[color=red][/color] though he was not providing details at this point. He indicated that the possibility arose from the company’s well-received attendance at the NEAA conference in New York in June, where senior investors clearly recognized the potential of the SpaCapsule market.