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Closing higher on a daily basis
Sure looks like it. THX!
I think ENA has the financial backing and management expertise to deliver the goods.........I think this could go up 3 to 5 times in PPS in the next year
Good strong PPS you have here with ENA, december. Looks like a real winner in the FTTx market. I simply hope TXPO will deliver and get at the same level ENA is. I'll keep my eyes on it...
amazing volume......again
lower low higher high..the stock will see 2$ very soon just by looking at the chart. -Gecko
Volume has gone crazy
Enablence closes IPO, raises $57.5-million
2007-10-25 09:51 ET - News Release
Mr. Arvind Chhatbar reports
ENABLENCE TECHNOLOGIES RAISES $57.5 MILLION
Enablence Technologies Inc. has successfully completed its public offering.
The corporation issued a total of 42,592,665 common shares (including 5,555,565 common shares issued pursuant to the exercise by the agents of the overallotment option in full) at a price of $1.35 per share for total gross proceeds of approximately $57.5-million. The corporation anticipates using the net proceeds of the offering for working capital, expansion of product lines, vertical integration, research, marketing and general corporate purposes.
"This additional financing will allow Enablence to continue to consolidate its leadership position in the fibre-to-the-home industry and to expand our product lines and global operations," announced Arvind Chhatbar, the chief executive officer of Enablence.
The syndicate of agents was led by Paradigm Capital Inc., and included Haywood Securities Inc., Raymond James Ltd. and Dundee Securities Corp. The agents received total fees equal to 6 per cent of the gross proceeds of the offering and compensation options equal to 3 per cent of the common shares sold as part of the offering, exercisable for common shares of the corporation at an exercise price of $1.35 per share for a period of 18 months.
We seek Safe Harbor.
I think it will go to $10. Going to hold for at least a year.
nice wat's ur target?
Big boys are going to force this stock much much higher...............Going to be like BIRD.U and AAE
I heard about Acuity...hmm very interesting i'll keep it on watch for sure!
Acuity out of Toronto loves this stock. They are a $10 Billion CND $ Fund. Follow the smart money.
been reading some of your posts..interesting play you got here..1$ in EPS next year..then the stock could be worth 10-15$ easily hmmm..
Enablence prices $5-million financing at $1.35
2007-10-17 16:53 ET - News Release
Mr. Arvind Chhatbar reports
ENABLENCE TECHNOLOGIES INC. PRICES PROSPECTUS OFFERING
Further to news in Stockwatch on Sept. 14, 2007, Enablence Technologies Inc. has entered into an agency agreement with a syndicate of agents led by Paradigm Capital Inc., and including Haywood Securities Inc., Raymond James Ltd. and Dundee Securities Corp. in respect of the offering of common shares contemplated by the preliminary amended and restated short form prospectus dated Sept. 13, 2007. Under the terms of the agency agreement, the agents will offer, on a best efforts basis, up to 37,037,100 common shares at a price of $1.35 per common share.
The agents have been granted an overallotment option for a period of 30 days following the closing of the offering to arrange for the sale of up to an additional 5,555,565 common shares at the issue price. The company anticipates filing a final short form prospectus on Oct. 19, 2007. The offering is expected to close on or about Oct. 25, 2007. Closing is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the applicable securities regulatory authorities and the TSX Venture Exchange.
The net proceeds of the offering are anticipated to be used for working capital, expansion of product lines, vertical integration, general corporate, and research and marketing activities.
We seek Safe Harbor.
Any institutional holders. I got the ENA froma fund manager I know
Thks, check the inbox on IHUB
http://investorshub.advfn.com/boards/board.asp?board_id=6317
december, check also txpo! same thing different shape
More background
News Story
U.S. defence contractor partners with Ottawa's Enablence
By Roman Zakaluzny, Ottawa Business Journal Staff
Mon, Dec 18, 2006 4:00 PM EST
Arvind Chhatbar, CEO of Enablence. (Darren Brown, OBJ)
Ottawa-based Enablence Technologies Inc. has secured a contract for the diplexer transceivers it produces from a major private aerospace and defence contractor in the United States.
Company spokespeople would not disclose the identity of the company, which wishes to remain anonymous, nor would they disclose the amount the deal was worth.
However, CEO Arvind Chhatbar said the contract was a pleasant surprise for Enablence, and a clear sign of the quality of the company's products and their applicability outside the home market. Enablance develops fiber-to-the-home (FTTH) transceivers for optical modems.
"This is an unexpected and certainly pleasing development, and certainly indicative of some of the products we produce," said Mr. Chhatbar.
"We are pleased that our diplexer transceiver technology, designed for the (FTTH) industry, can find additional applications in other high growth markets and expand the market reach for our products," he added.
Enablence's products are well suited to meet the needs of the defence industry, Mr. Chhatbar added, because they're better able to withstand "stress and strain than competing bulk optics transceivers."
Delivery, he said, is scheduled for early in 2007.
Enablence, a pre-revenue company employing 12 people at its Kanata office, wasn't predicting revenues until June next year, when it was to begin large volume production of its diplexer transceivers. This contract, said Mr. Chhatbar, may bring that date up on the calendar.
"We are working towards that particular plan," he said. "In the meantime, we received this contract for the same product . . . It means earlier revenues than projected, sooner than we had anticipated.
"After that, we continue on our path."
Enablence products are used in optical modems inside consumer's homes, to deliver high speed data, voice and video.
Last July, the company received $11.3 million through private equity investment, Mr. Chhatbar said. Afterwards, a reverse takeover netted an additional $1.5 million, and angel investors chipped in another $5.5 million.
--------------------------------------------------------------------------------
Cash and cash equivalents increased to $14.7-million and total assets increased to $24.8-million at July 31, 2007, compared with $13-million at July 31, 2006.
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