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Yep. This one will run big just a matter of time
last reported revenues $1.2M per quarter.... OS unchanged in years.... $$$$$$$
my old 2014 notes, and from the February PR sounded like significant progress has been made:
from 2014 notes:
3m assets 7m liabilities , 196M shares out Dec 2013 . "Despite a reduction in revenue, we had improved results on operations in 2013 compared with 2012 which resulted in an EBITDA gain in the fourth quarter," said Peter Murdoch, President and CEO of Sentry Technology. "This is largely due to continued cost cutting as we focus efforts to promote VideoRailway(TM), our new HD/IP traveling camera system. VideoRailway(TM) reference sites have now been established with several large retailers. In particular systems have been installed in multiple store locations of one of the world's largest companies. We expect to take advantage of references from premier accounts as we continue to introduce the product in 2014."
I'm thinking I will have to become a mod on this board.... intro page is from 2007 !!!!
I bought 250K on the ask today at .015. I was reviewing my stock notes and came across some notes I had on this one from 2014. Then read the Feb 2015 PR on their website...things are coming together here I think this will move in an enormous way eventually.....
and no posts ... me likey
Big News Today
This may just make Sentry get in the black and grow the business....
Sentry Technology Announces Restructuring
Accesswire
2 hours ago
RONKONKOMA, NY / ACCESSWIRE / February 4, 2015 / Sentry Technology Corporation (OTC Pink: SKVY) (SKVY), today announced a major restructuring of its business.
The company completed the first stage of an agreement to sell the manufacturing and marketing rights for its traveling camera technology in Europe and Asia. The purchaser is a French company operating under the name SentryWay. It is expected the transaction will be finalized on April 30, 2015. Proceeds from the $1.1 million sale are being used to repay bank debt and Sentry's secured debt obligation to Brookfield Technology Fund. Additional annual payments may be received by Sentry Technology during the first three years of the agreement at the rate of 20% of SentryWay's annual traveling CCTV sales above the company's Europe/Asia revenue for the year 2013. Based on anticipated SentryWay sales, management believes annual payments by SentryWay will make a substantial contribution to Sentry's future profits.
As part of the restructuring plan, Sentry's library security business was sold to Sentry Funding Partnership for $1 million. The sale price was based on an evaluation of Sentry's library operations by Corporate Valuation Services. The sale will reduce secured debt owing to Sentry Funding Partnership. In addition, substantial debt restructuring agreements have been signed with the company's largest unsecured creditors. Approximately $2.5 million in unsecured debt has been settled in exchange for the payment of $100,000 in cash and the issuance of 10,000,000 Sentry common shares. To date, a total of $4.4 million of debt has been eliminated as a result of the restructuring including $2M owed to Custom Security Industries, a majority owned subsidiary.
During the first quarter of 2015, Sentry is implementing a cloud based ERP accounting system. In addition, annual expenses will be significantly reduced by exiting the company's European distribution center and reducing operating costs and rental space at the headquarters in Long Island, NY.
"The reported transactions mark a significant change in our company's current and future business operations," said Peter L. Murdoch, President and CEO or Sentry Technology. "We believe that by dramatically improving our balance sheet, reducing expenses and focusing sales efforts on our new VideoRailway(TM), HD/IP traveling camera technology, Sentry will generate an operating profit during 2015."
"VideoRailway(TM) is now installed and performing well in leading U.S., Canadian and South African retailers. The high quality HD image improves the effectiveness of OperationalVideo(TM), our online platform for managing retail operations, merchandising compliance and security. While selling the CCTV technology in Europe and our library business will reduce total revenue, the company is better positioned to take advantage of the significant opportunity in the fast growing digital, networked video market."
Wow, incredibly tight SS here http://www.otcmarkets.com/stock/SKVY/profile
even more today!
Seems to be a little bid interest today
and all buyers are long sine gone, this is a forgotten story until what you say happens
Until SKVY reports growing sales ,,,the stock will stagnate ....If the sales do grow, it will be profitable, IMO ...All sellers are long since gone....
No one seems to care...........
Q4 Yearend Out
Looks better ....Obviously Walmart is now buying SmartTrack ....Large Debt is gone and profitability can now finally be achieved this year IMO ...
Anyone know the real share structure here? Clearly what they are advertising is not correct.
Q3 Numbers out ....OK but no growth yet. Murdoch's comments are hopeful for light at the end of the tunnel but no need to buy more stock yet. A 2014 story maybe.
Its a long term hold.
Greetings Fellow Readers and linkvest,
You asked how long I've been invested in SKVY.
I believe you will find those who own SKVY stock are typically owners of 6 years or longer. Personally I've owned SKVY since the days of Video Sentry in the mid and later 1990's.
Obviously most of SKVY's shareholders (including the majority owners who have 83% of the stock) - are not profitable at this point. For many it will take substantial "percentage" increases to make them eventually profitable. I highlight the word "percentage" because the concept is not to merely see a 100% movement from current prices - that is something that could take just a couple days to accomplish if interest returns to the stock and its potential . . . . but that isn't happening just yet. Lets hope 2014 shows dramatic changes in the perception of this little stock.
P.S. Just for historical reference points - Video Sentry based in Minneapolis MN traded in the mid $6 to $7 range in the 1995 to 1997 timeframe. Obviously this isn't the 90's - but then SKVY doesn't need it to be either
Axle-and-Hub
They now have their product line updated and complete. They have not had revenue growth and a profit....Hopefully 2014 will bring the numbers.
FYI,,,go to the Sentry website and look at the customer lists ....Impressive.
Read all the old post and think this is a very unusual stock. Will keep an eye on it but will wait to buy in. It just seems to be such a nice professionally run company but I can't believe such low trading..??? Hmmmm
It's a pinkie that actually has rev's. Not concerned about short term as long as if SKVY develops into a nice company down the road. How long have you been with them?
Its not a stock for the impatient.
11-6-13
Greetings Linkvest,
Yep, an impatient investor would go nuts owning this stock
Axle-and-Hub
Where is every one? This company still a going concern? After some DD I felt its worth buying some shares but I don't see a heart beat.
2nd Quarter report is now out for Sentry (SKVY)
Greetings Fellow Readers,
2nd quarter report is just out. It reminds you of just before sunrise when you can see things getting lighter clear sky, and fresh crisp air, but you can't yet say the sun is shining . . . . its 20 minutes or half an hour before that is accurate.
Things look promising
Axle-and-Hub
A Correction to my posts regarding Sentry Technology (SKVY)
9-17-13
Greetings Fellow Readers,
I'm posting today to admit to an error regarding my posts of SKVY.
Over the last 2 months SKVY has had several announcements regarding new camera customers and the CSI new products as well.
Well I goofed regarding the camera/new client announcements.
July 24th was the announcement of a South African camera sale through the "world's largest video integrator".
July 30th was the announcement of a $230,000 purchase order from one of America's largest fashion retailers.
August 8th was the completion of a new installation of a VideoRailway™ (VR) system in Canada's largest retailer.
Somehow I got July 30th announcement and August 8th's announcement combined in my thinking.
In effect - there have been 3 VRailway system announcements recently - not two. In addition there was the recent Sept. 11th new products announcement through SKVY's subsidiary CSI of Canada.
My error.
Catch U later,
Axle-and-Hub
A surprising announcement from Sentry Technologies SKVY (SKVY.PK)
Greetings Fellow Readers,
I read the CBS Marketwatch announcement about SKVY early this a.m. with some level of confusion until I got to the end of it.
Obviously, new products in the RFID/labelling areas and a new market potential are very pleasant to hear as shareholders.
However - when did we become a 51% owner of CSI ? What did we have to give to have that ownership? I have seen no media announcements or filings detailing anything about CSI. Has anyone else seen or heard anything prior to today?
P.S. By the way, this article didn't mention anything about our new camera products (obviously because it isn't CSI related). So that is still coming out also. Lets see . . . Football season is back - and SKVY is announcing new things - fall is starting out good
Catch U later,
Axle-and-Hub
Bought my first 10K shares in Jan of 2002 @ .20 .....Needless to say I've been waiting too long myself ....But SKVY would have long since been bankrupt and gone without the CEO putting his own money into the company over these many losing years ...He's underwater far more than me ...
Bought my first shares in 2007 I would say I have been in pretty long term!I have booked some profits over the years but am underwater currently.
Bought my first shares in 2007 I would say I have been in pretty long term!I have booked some profits over the years but am underwater currently.
Don't expect a high flyer here ....This is strictly a long term play ,,,If you buy, salt it away for the next one to three years, IMO. They sell a big ticket item and the growth in the newest product line has just started this year. There is no reason for this company to attract loads of stock buyers yet ...The sales and a profit will only do that in a future quarterly report....
extremely dissapointing, penny plays sure can be frustrating.
arrgg....I just tried to get into kapusta site - and Go Daddy said the domain name has expired and is pending renewal or deletion.
Hmmm....Did he spend the $250,000 already????
http://kapustaresearchgroup.com/?nr=0
I had to get back into this and edit - I forgot they are also Pennysotck G - and that site is still up and running.
Didn't want to give people a scare needlessly! LOL
But they still need to fix it IMO.
well - as we all know - many times a promoter is hired because the company is getting ready to either try and get funding - or is ready to release more inside owned stock - Happens all the time...
But I just don't know....
I guess time will tell - and probably fairly soon.....
Hopefully it will be for the best for most of us.
Hmmm....$250,000 - agree that is a lot of money - And so far, we haven't seen much for it....
Maybe out Corp. heads need to ask for a refund! :>(
That $250K could have been used to buy up a good share of the float ...near 10M shares possibly ...
Casper the Friendly Ghost and SKVY stock trading volumes
Greetings Fellow Readers and Retirement,
Both Casper and SKVY trading volume are hard to find or see.
I just don't understand why we would see Kapusta's share price recommendation several weeks ago - and then silence since then. Normally these types of promoters desire to see quick follow-on activity between recommendation and time period thereafter.
In other words, if the goal was to get active in September - then why have the recommendation out in later July - yet no followup after that first recommendation? Lets remember - this isn't a brokerage analyst - this is a paid promoter with a touch of research and presentation ability.
Secondly, and I know I'm repeating myself the last few weeks about it - but who could afford $250,000 to pay Kapusta and yet still be a 3rd party relationship (in other words - not SKVY or insider owners).
There are less than 32 million shares publicly held outside of the insiders (not owned by Murdoch and Furst). So who could be so motivated - that they would pay $250K for Kapusta's involvement. Assuming someone holds as much as 4.999% of the stock (and still not qualified as an insider) - there isn't the financial motivation to pay such a large fee. Unless we refer back to my original theory - an entity that wants to buy up as much of the available public float as is possible (not sell what they have). Why promote? Because it sets an artificially created ceiling price for shareholders to target.
Axle-and-Hub
So Far Kapusta is not earning that large payday ...250K should be paying for a long term contract .....Where is the trading volume???
Someone already did.
Greetings Retirement,
you posted: "If Murdoch can build on his success so far it will eventually pay off...The stock will run .....He may have to hire an IR promoter"
Somebody already did hire an IR promoter - a 3rd party is paying Kapusta $250,000 according to "the fine print disclosure".
The big question is - who would be the 3rd party ??? as SKVY or Murdoch or Furst are not classified as 3rd parties. $250K is a very large amount of compensation for such a service compared to normal fees of $2,000 to $5,000.
I'm also curious as to how many actual shareholders there are for SKVY . . . my thought is there are far fewer than many might guess.
Axle-and-Hub
Axle....We all who have followed Sentry for years see the milestone event with these new sales of a finally released new product line. With no IR Group hired and promoting the company and no Quarterly filed showing an operating profit or huge sales growth, the stock will not look attractive yet ....If Murdoch can build on his success so far it will eventually pay off...The stock will run .....He may have to hire an IR promoter ...K
Hard to figure Sentry Technology (SKVY),
Trying to understand SKVY requires some kind of a crystal ball apparently. We had a bit of volume and price movement before the announcements came, then nothing since.
The announcements were positive even though they didn't include big money or details - but positive none-the-less. But no price appreciation in the stock - or trading volumes.
Then we read about Kapusta, yet we've seen nothing come from them since that mention of them being hired by a "3rd party".
Whats strange - is with APPARENTLY patents now granted and a couple of sales announced with September's formal announcement coming and a 3rd party paying for "Marketing" . . . we saw all the buying and upward price movement happen BEFORE any of that started - and nothing since then.
Apparently my crystal ball needs some "de-fogging".
Axle-and-Hub
Very disapointing trading action here.
The Canadian customer installation for Sentry SKVY
Greetings Fellow Readers,
Reading the news announcement today (of 8-8-13) was quite interesting.
The largest Canadian retailer gets our new VR product and its now installed in one of their locations (multiple areas of the automotive department side).
What makes it interesting is the description part of the announcement explains more of the advantages and abilities for us to recognize - - - - and it indicates that had we offered a normal system, we might not have been price competitive.
What does this tell me? It means that our VR system might be cheaper as a system - but not cheaper on a "per item" basis. What does that mean? It means that another system may have needed 6 or 8 or 10 cameras per department area while in each department it sounds like we only needed 3. Makes me think the profit margin is higher for us because of our technology advantage even though "we're the smallest kid on the block".
At first I thought this was a re-do of the prior announcements, but it doesn't fit the European announcement being in Canada, so the only other one was the $230K announcement. Because the announcement of today speaks of ONE location with several automotive department areas installed - this either means its a totally new announcement with no dollars specified, or its the $230K announcement. If so - the sale was then $230K for a single store with 8 automotive department areas (not 8 stores).
Either way - either one store paid $230,000 for their automotive areas of that one store - or its a new announcement and either means we can go head-to-head with the competitors in large companies
Axle-and-Hub
Definitely a surprising lack of anything happening at this point.
SKVY seems to have all the pieces just waiting to be put together, and I havne't seen a sign of any effort or activity by Kapusta Research.
For the quantity of compensation dollars involved by a 3rd party, I would have expected a great deal of promoting and I've seen none since the announcement. $250,000 covers a lot of promotion - when do they start earning their money ?
SKVY has all the pieces to start putting together, lets start seeing them form a pictures from those pieces
Axle-and-Hub
frogger - everyone has left the party I believe - until news stirs it back up....arrgggg
Give it some specific time.
Greetings Irvinesully,
Give it another 1 day, 10 hours, and 22 minutes from this post for the recommendation to actually start.
Axle-and-Hub
sighhh.doesn't look like the research generated any interest nor did the PR??? I'm am very surprised to be honest-
WOW
Any thoughts?
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RONKONKOMA, New York, February 4, 2015 -- Sentry Technology Corporation (OTC
Markets: SKVY) today announced a major restructuring of its business.
The company completed the first stage of an agreement to sell the manufacturing and marketing
rights for its traveling camera technology in Europe and Asia. The purchaser is a French company
operating under the name SentryWay. It is expected the transaction will be finalized on April 30, 2015.
Proceeds from the $1.1 million sale are being used to repay bank debt and Sentry's secured debt
obligation to Brookfield Technology Fund. Additional annual payments may be received by Sentry
Technology during the first three years of the agreement at the rate of 20% of SentryWay's annual
traveling CCTV sales above the company's Europe/Asia revenue for the year 2013. Based on anticipated
SentryWay sales, management believes annual payments by SentryWay will make a substantial
contribution to Sentry's future profits.
As part of the restructuring plan, Sentry's library security business was sold to Sentry Funding
Partnership for $1 million. The sale price was based on an evaluation of Sentry's library operations by
Corporate Valuation Services. The sale will reduce secured debt owing to Sentry Funding Partnership. In
addition, substantial debt restructuring agreements have been signed with the company's largest
unsecured creditors. Approximately $2.5 million in unsecured debt has been settled in exchange for the
payment of $100,000 in cash and the issuance of 10,000,000 Sentry common shares. To date, a total of
$4.4 million of debt has been eliminated as a result of the restructuring including $2M owed to Custom
Security Industries, a majority owned subsidiary.
During the first quarter of 2015, Sentry is implementing a cloud based ERP accounting system.
In addition, annual expenses will be significantly reduced by exiting the company's European distribution
center and reducing operating costs and rental space at the headquarters in Long Island, NY.
"The reported transactions mark a significant change in our company's current and future
business operations," said Peter L. Murdoch, President and CEO or Sentry Technology. "We believe that
by dramatically improving our balance sheet, reducing expenses and focusing sales efforts on our new
VideoRailway™, HD/IP traveling camera technology, Sentry will generate an operating profit during
2015."
"VideoRailway™ is now installed and performing well in leading U.S., Canadian and South
African retailers. The high quality HD image improves the effectiveness of OperationalVideo™, our
online platform for managing retail operations, merchandising compliance and security. While selling the
CCTV technology in Europe and our library business will reduce total revenue, the company is better
positioned to take advantage of the significant opportunity in the fast growing digital, networked video
market."
Sentry Technology Corporation designs, manufactures, sells and installs Closed Circuit
Television (CCTV) solutions. Our CCTV product line features VideoRailway™ and SmartTrack™, a
proprietary, traveling camera technology. Our OperationalVideo™, OVportal™ software application
assists retailers with on-line management of safety and security, merchandising audits and employee
procedure compliance. More information can be found at www.sentrytechnology.com.
Corporate Headquarters
Sentry Technology Corporation
1881 Lakeland Avenue
Ronkonkoma, NY 11779
Toll-free: 1 (800) 645-4224
Tel: (631) 739-2000
Fax: (631) 739-2124
e-mail: sentry@sentrytechnology.com
Sales Office
Sentry Technology Canada
17 Ruggles Avenue, Unit #6
Thornhill, Ontario L3T 3S4
Toll-free: 1 (800) 461-2803
Tel: (416) 674-4788
Fax: (416) 674-5075
e-mail: sales@sentrytechnology.com
Customer Service
1881 Lakeland Avenue
Ronkonkoma, NY 11779
Toll-free: 1 (800) 645-7217
Tel: (631) 739-2000 x2
Fax: (631) 739-2124
Web Site: http://www.sentrytechnology.com
SHARE STRUCTURE INFORMATION:
(% Held by Insiders:====================54.18%)
% Held by Institutions4:==================0.10%
Common stock, $0.001 par value;
Authorized=========================300,000,000 Shares as of March 2015
Issued and outstanding==============206,405,000 as of March 2014
PeterL. Murdoch | Our President and Chief Executive Officer since January 8, 2001. Mr. Murdoch has extensive experience in the retail security industry as well as in the sales of technology-based products. He was Managing Director of ID Security Systems Canada, Inc. since its inception in 1987. Beginning in 1997 he has served as member of the management committee of Dialoc ID. Prior to joining ID Security Systems Canada, Inc., Mr. Murdoch was Vice President of Sales for Catalyst International Business Systems. He is an economics graduate from the University of Western Ontario. |
Joan E. Miller | Our Vice President - Finance since January 1, 2007, Ms. Miller is responsible for all accounting functions and financial reporting. Prior to that, Ms. Miller was the Vice President - Controller of Sentry since July 2000, the Controller of Knogo North America Inc. since December 1986 and Assistant Controller for Knogo Corporation since November 1980. Prior to joining Sentry, Ms. Miller worked for Harman Kardon Inc. as Assistant Controller from June 1976 to November 1980 and as Cost Accounting Manager from December 1975 to June 1976. Ms. Miller is a graduate from Hofstra University and is a Certified Public Accountant. |
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