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“Our world will be different in two weeks.” — Michael Zapata @SententiaCap
Massive 250,500 BUY share block on Ask...
New MM BTIG on Ask; $LKSD should close green today
SC777, for respect of others, don’t use foul language here, thanks
The investing world wants to know, what is the link between being a Navy SEAL and value investor?
Michael Zapata (MZ): Almost everything. Believe it or not, the same skills we used in the military are directly applicable to the investment management business. Discipline, patience, risk management, risk mitigation, serving a greater purpose, accountability, decision-making with less than perfect information, decision-making in dynamic environments, humility when things go bad, ability to forecast and forward think, understanding incentives, putting others first, honesty…the list goes on and on. The specifics of each role may be different, but the underlying traits required to succeed are exactly the same.
LW: I would imagine that these characteristics apply to most careers. How did you decide to start a value investing shop, specifically?
MZ: There were three things I valued while I was in the (SEAL) Teams: autonomy, responsibility and accountability. The traits can be found in the fabric of Sententia as the success depends on our decisions, both our investment and the firm. We bear the responsibility of growing our partners’ investments. And I am accountable to them and the future of the firm. It’s a great challenge, and one that I intend to perform well.
LW: You’re obviously no stranger to high levels of competition, but this business is extremely competitive. What’s Sententia’s edge?
MZ: When it comes to competition, we are in a league of our own. What I mean is, I’m competing against myself, and the goal is to continually improve. What is our edge? Mettle. We walk the line between risk mitigation and outperformance. We invest in value stocks, which is a natural risk mitigator. Deep research and a focus on key levers further mitigates risk as we work to understand various business, industry and management dynamics. Decision making, sizing, incentive awareness, timing signals…we use these aspects to gain an edge as we seek outperformance. It’s uncomfortable to invest in this manner. That’s where the mettle comes in. Some of the best investors I know have it, and we look to prove ours in this environment.
LW: It sounds as though you’ve been able to garner the attention of some extremely influential value investors. How did you get their attention?
MZ: I want to learn from the best. Columbia and the Heilbrunn Center for Graham and Dodd provided the opportunity to learn from the best. I’ve been able to meet some of the legends such as Mr. Gabelli, Michael Price, Jean-Marie Eveillard, Bill Miller – these guys have been successful over decades, and I have great respect for their experience. Fortunate to receive an initial introduction, I have kept each of them and others updated over the years about Sententia’s progress. But I’d be misguided if I thought they invested in me because they thought I was the best investor they had ever seen. It was likely to support a nice guy (my words) who has served his country. They are both decision makers and genuinely nice people, which is important to me, and I consider all of them mentors. At the end of the day, they are some of the greatest value investors who seek to invest in underappreciated assets. And my job is to be a multi-bagger for them, and all my limited partners (LPs)
LW: Anything else you want us to know about Sententia?
MZ: We are a purpose driven fund. Sententia is Latin for ‘purpose’. The genesis of the fund, from my personal investments, is to give back a portion of my gains to the families of fallen SEALs. The better we do, the more we can give back.
$LKSD going UP! Huge 100+K share blocks on Ask; very small blocks on Bid!
Zapata/ Sententia WILL prevail for $LKSD shareholders; being a former SEAL Team SIX losing isn’t an option
...another beautiful GREEN day’s on deck for $LKSD shareholders; prolly all week...
You’re welcome Ernie B. Others will soon catch on to $LKSD
$LKSD 6 mil float! Gonna RUN HARD!! Schmitt Industries ($SMIT): Zapata (Sententia) takes operational role, and notable CEO compensation structure
by Raghuraman | Nov 2, 2019
In October 2018, Sententia Capital Management won two board seats through a proxy fight. Subsequently, the CEO and two incumbent directors resigned. As such, on December 1, 2018, the company experienced a majority board change and CEO change.
In December 2018, Michael R. Zapata, founder of Sententia Capital, was appointed executive chairman and president. In July 2019, the company appointed Zapata as CEO
.
As per the employment agreement, Zapata will receive a retainer fee of $90,000 and the company granted 48,000 RSUs. The RSUs vested in the amounts set forth below on the first date the 15-trading-day average closing price of the company’s common stock equals or exceeds the corresponding target price (listed below).
Number of RSUs Vested Target Price
5,000 $ 2.70
2,000 $ 2.90
2,000 $ 3.10
2,000 $ 3.30
2,000 $ 3.50
2,000 $ 3.70
2,000 $ 3.90
2,000 $ 4.10
Zapata’s background is interesting
He was commissioned as a Naval officer in May of 2001 and he served as a Navy SEAL. During his service from 2001 to 2010, he held various leadership roles during the global war on terror, including troop commander, for the nation’s premiere SEAL assault force— SEAL Team SIX. His commands included SEAL Team TWO, SEAL Team TEN, and ultimately Naval Special Warfare Development Group (more famously known as SEAL Team SIX) where the top 5% of SEALs are selected to serve in the Navy’s elite counter-terrorism unit. .
He transitioned out of the military to attend Columbia Business School in 2011 and earned his Master’s degree, with a focus on investment management. (Heilbrunn Center for Value Investing.)
Video (YouTube):
How I got to Where I am as an Investment Fund Manager – Michael R. Zapata
$LKSD .07¢ BOTTOM is IN, 2 GREEN days in a row!!! Trading on NYSE just 2 months ago! This is a 100% legitimate, multi-Billion $ Corp— $3.2 BILLION in sales in 2019! VERY LOW float— just 6 million! Currently .06¢ per share– a ridiculous $1.8 mil market cap! Currently EXTREMELY OVERSOLD!!!
The last ticker Sententia took over ran to $$$ in a few days!!! Guaranteed you won’t find a better/ safer buy in March!
TTCM CGRA NIO DIGAF MSMY GLTC LEAS WDLF MYFT TNEN BZTG IRNC ACCR PTAH AGRX INKW KYNC ZDEC ALPP CRDL XSPT DLYT BIPH FTXP PCTL BMIX SKPO SHMP PACV PVDG NTRR RBNW EMBR ADIA
I completely agree ><>
Two GREEN days in a row for $LKSD!
Former Navy SEAL Michael Zapata is FIGHTING HARD for $LKSD shareholders! JUSTICE will be S$$$WEET
$LKSD .07¢ BOTTOM is IN!!! Trading on NYSE just 2 months ago! This is a 100% legitimate, multi-Billion $ Corp— $3.2 BILLION in sales in 2019! VERY LOW float— just 6 million! Currently .06¢ per share– a ridiculous $1.8 mil market cap! Currently EXTREMELY OVERSOLD!!!
The last ticker Sententia took over ran to $$$ in a few days!!! Guaranteed you won’t find a better/ safer buy in March!
TTCM CGRA NIO DIGAF MSMY GLTC LEAS WDLF MYFT TNEN BZTG IRNC ACCR PTAH AGRX INKW KYNC ZDEC ALPP CRDL XSPT DLYT BIPH FTXP PCTL BMIX SKPO SHMP PACV PVDG NTRR RBNW EMBR ADIA
Hey ClayTrader, get ready to do another $LKSD Video Chart. The bottom is FINALLY in!
LKSD was trading on NYSE just 2 months ago! This is a 100% legitimate, multi-Billion $ Corp— $3.3 BILLION in sales in 2019! VERY LOW float— just 6 million! Currently .06¢ per share– a ridiculous $1.8 mil market cap! EXTREMELY OVERSOLD!!!
The last ticker Sententia took over ran to $$$ in a few days!!! Guaranteed you won’t find a better/ safer buy in March!
I STRONGLY believe that yesterday was $LKSD bottom; long overdue reversal now in progress
$LKSD reversal time!
NICE, a GREEN $LKSD close. Let’s hope & pray that TODAY was LKSD’s BOTTOM and we run back to teens
You’re right SC777. VERY low vol today. I’m waiting it out; LONG on $LKSD!
For the love of God, THIS has to be $LKSD BOTTOM.
.07¢ SHOULD’VE been LKSD’s ULTIMATE true bottom, today’s pps is BEYOND STUPID LOW
Great, $LKSD overdue for a ‘short squeeze’
Hey AAAAAMHIM, great time to bring that CALVARY
$LKSD
Calls 911: I’m witnessing a violent rape by a gang of MM’s! Her name is LKSD ...please HURRY!!
$LKSD .06¢ On NYSE just 2 months ago! This is a 100% legitimate, multi-Billion $ Corp— $3.2 BILLION in sales in 2019! VERY LOW float— just 6 million! Currently .06¢ per share– a ridiculous $1.8 mil market cap! Currently EXTREMELY OVERSOLD!!!
The last ticker Sententia took over ran to $$$ in a few days!!! Guaranteed you won’t find a better/ safer buy in March!
Bottom is in, GONNA RUN SOON!
$LKSD traded on NYSE just 2 months ago! This is a REAL multi-Billion $ Corp; $3.2 BILLION in sales in 2019! VERY LOW float— just 6 million! Currently .06¢ per share– a ridiculous $1.8 mil market cap! Currently EXTREMELY OVERSOLD!!!
The last ticker Sententia took over ran to $$$ in a few days!!! Guaranteed you won’t find a better/ safer buy in March!
LKSD - A TRUE zip-code changer!
$LKSD is currently iHub’s #1 Most Screaming Buy
Relax, $LKSD simply being temporarily manipulated; w/ only 6 mil float she’ll bounce north soon enough
$LKSD - DON’T SLEEP ON THIS! Traded on NYSE just 2 months ago! This is a 100% legitimate, multi-Billion $ Corp, w/ practically ZERO downside risk! $3.2 BILLION in sales in 2019! VERY LOW float— just 6 million! Currently .06¢ per share– a ridiculous $2.8 mil market cap! Currently EXTREMELY OVERSOLD!!!
The last ticker Sententia took over ran to $$$ in a few days!!! Guaranteed you won’t find a better/ safer buy in March!
Bottom is in, GONNA RUN SOON!
KWBT GRNF TPTW BTHR SHMP TMRC CCGN IPIX OWCP BUKS QBIO EXDI UNSS BTCS TCEHY GBTC FNMA TPCS TSSI ORCL AMRN KERN CYDY CLWD SPOM HDII CTYX
Welcome Greg. This $LKSD red won’t last much longer...
Smart buy. Welcome to the $LKSD board B M F
.08¢ is a bargain, just as .15¢ was; today’s PPS is insanely low! I believe $LKSD will soon head north quicker than it’s drop
I agree w/ most of your words: Tuesday, 12/31/19 05:53:16 AM
Post # 14 of 232
Got in at $0.20 yesterday. Looks ridiculously undervalued now and I can only think of OTC holding restrictions for certain funds and tax selling that created this opportunity. Should see a nice bounce in January
Tuesday, 01/07/20 03:07:24 PM
Post # 18 of 232
Not many shares available down here. Think it can shoot up quickly.
Monday, 03/02/20 09:39:09 AM
Post # 43 of 233
Just back in at 0.19. clearly a takeover target.
Monday, 03/02/20 10:02:43 AM
Post # 45 of 233
Yep, they just made it twice as expensive to gain control, but that won't discourage the acquirer if pps drops 50% lol. Anyway, I'm on the bid and will enjoy my doubled premium
LSC Communications - LKSD is now on SententiaCapital.com; right next to Schmitt Industries ...hmmm
Schmitt Industries Announces Strategic Reorganization
November 27, 2018 08:30 ET | Source: Schmitt Industries, Inc.
New Structure Focuses and Commits to Core SBS Business
Company to Seek Disposition of Non-Core Assets
David Case, CEO, Named Special Advisor to Board of Directors
Donna Witkowski Promoted to SBS President
Michael Zapata Appointed Executive Chairman, President of Schmitt
PORTLAND, Ore., Nov. 27, 2018 (GLOBE NEWSWIRE) -- Schmitt Industries, Inc. (NASDAQ: SMIT) today announced a strategic reorganization that will position the company to capitalize on the growing SBS Balancer business, while streamlining the company and maximizing shareholder value through the disposition of non-core assets.
The new Schmitt structure organizes the core SBS Balancer business under Donna Witkowski, who is being promoted to SBS President. David Case will transition from CEO and President of Schmitt Industries to serve as Special Advisor to the Board of Directors to steward the reorganization through mid-April 2019. All product lines - SBS, Xact and Acuity - will report to Michael Zapata, the newly appointed Executive Chairman and President of Schmitt Industries. These changes will take effect December 1, 2018.
“We are strategically positioning Schmitt for the future and committing to a more effective SBS business to better serve customers worldwide, increase growth, and maximize shareholder value,” said Michael Zapata, Executive Chairman and President, Schmitt Industries. “On behalf of the Board I’d like to thank David Case for his leadership and dedication over these years. His commitment to Schmitt will continue to play a key role as he serves as Special Advisor to the Board during this reorganization.”
Executive Chairman and President of Schmitt
Michael Zapata was recently elected to Schmitt’s Board of Directors. He has an engineering degree from Texas A&M University and an MBA from Columbia University. Mr. Zapata is the founding member of Sententia Capital Management, LLC, a value-based fund. Prior to founding Sententia he served as a Special Operations Officer in the U.S. Navy from 2001-2010.
“The Schmitt Board has made a strategic decision to appoint Michael as Executive Chairman and President to oversee this reorganization. He comes with a unique combination of leadership, strategy development, and operational execution on a global scale that we believe will serve both our customers and shareholders well,” Michael Ellsworth, Chairman of the Board of Directors, said.
Schmitt Leadership Team
With these changes, the Schmitt Leadership Team will be structured as:
Michael Zapata, Executive Chairman and President
Ann Ferguson, Chief Financial Officer; Xact General Manager
Donna Witkowski, SBS President
Kelvin Woltring, North American Sales Manager; SBS Product Line Manager
Al Hooton, Chief Technology Officer; Acuity General Manager
SBS President
Donna Witkowski has been promoted to SBS President and will lead the SBS team as they focus on growth and optimization to support Schmitt’s world-wide customer base. She will report to the Executive Chairman. After 5 years with Coca Cola Refreshments as a Production Manager, Witkowski accepted a Production Manager position with Schmitt Industries in 2016 covering the SBS, Acuity, and XACT product lines. In January of 2018 she was promoted and took on the added responsibility of Supply Chain Management. With a Bachelor’s Degree in Engineering and a Master’s in Business Administration, Donna’s focus on streamlining operations and developing processes has resulted in greatly improved customer deliveries as well as decreased costs.
SBS Product Line Manager
Kelvin Woltring has assumed the role of SBS Product Line Manager and will partner with Donna to direct customer base growth and product development. Woltring joined Schmitt’s engineering team in 1999 and has been instrumental in product development for both the SBS and Xact business lines. In 2017, Kelvin was promoted to SBS Sales Manager for the North American and Japanese markets.
“Since joining Schmitt, Donna has proven herself a strong executor with a keen understanding of team integration. I am confident in Donna’s ability to lead the core SBS business with her team and deliver enhanced execution and performance for the growing customer base and industry. Further, Kelvin Woltring’s understanding of our customers’ needs and product knowledge will be key in future product development to lead the way in the grinding industry,” David Case, Special Advisor to the Board, said. “I’d like to thank the entire Schmitt team as they have worked tirelessly to set the Company up for success and I am eager to assist the Company during this transition.”
Board of Directors
The Board of Directors has expanded the Strategic Advisory Committee, which now consists of Charlie Davidson, Andrew Hines and Michael Zapata. The Committee will help to assess incoming proposals and advise on the strategic direction of the Company.
Schmitt also announces the retirement of Michael Ellsworth, as Chairman and director, which will be effective December 1, 2018. Mr. Ellsworth has been a director since 2006 and served as Chairman since 2017. Effective December 1, 2018, the Board of Directors will consist of Charlie Davidson, Andrew Hines, Michael Zapata and David Hudson. Messrs. Davidson and Hines will comprise the Audit Committee, Compensation Committee and Nominating Committee. The Board vacancy, created by Mr. Ellsworth’s retirement, is expected to be filled in the near future to comply with NASDAQ independence rules.
The Board of Directors expresses its gratitude to Mr. Ellsworth for his years of service and leadership. “Those who know Michael personally admire him not only for his business judgment but for his personal values and beliefs,” Mr. Zapata said. “We thank him for his service and dedication and wish him well on behalf of the entire Company and Board.”
Yeah, noticed those 200K+ blocks on Ask that didn’t fill last hour of trading today; soon they’ll be real...
$LKSD
Smart money buying $LKSD! We WILL be HANDSOMELY REWARDED VERY SOON
FACT: $LKSD was trading on NYSE just 2 months ago!
FACT: $LKSD has a VERY LOW float— 6.1 million!
Thanks mulder35! $LKSD is BY FAR the BIGGEST NO-BRAINER BUY I’ve found in YEAR$$$
FACT: LKSD made OVER $3 BILLION in sales in 2019!