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Do you think Cenco would have made this deal if the economics didn't support it? They know the price of oil. This deal goes on for years. The price of oil will not stay at $50 for years to come ....fully expect the oil industry to get the price back to $100 as soon as they can. Where I live the pump prices are already up .40/ gal.
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."
UP over 30% with only 112K shares traded...
From 2010 numbers .....a check on a corrected Goodwill number of 7M to 0 ....No need to panic
For those who don't know Epic Systems, It's a very large Medical/Hospital Software company based out of Madison, WI where 8,000 employees reside.....very closely related to Quture's space ....They would be great partners or a buyer of Quture.
I show now last trade at .004 150K shares, only 60K left at .004
RE Epic ..
I have been told LF knows the CEO/Owner(A private company) of EPIC very well ....Although I have never got wind of any deal potential ....
Any IR company will need press releases and solid company info to work with ...Until we get that it makes no sense to pay thousands every month when there is little for them to say.....We may be very close right now ...Time will tell as LF has given us a glimpse of his progress ...
Years end would be nice but we're talking about the past near two years worth of filings... 2013 K and the following Q's ....So year end now won't make much difference. The problem has been getting the TCLN shell documents...Which in a tweet LF says he now has. To be sure ,,Little has happened in 2013 or early 2014 to report in financials ...It's only now that things are happening ....But you can't report a 2014 Q3 or Q4/K without first reporting all previous Quarters from 2013, etc. I expect those filings to be put out maybe late Q1 2015 ....IMO press releases showing contracts and sales revenue are more important ....
LF by way of his tweets is telling you he is making progress on all fronts .....The Filings, sales and protecting his IP, the patents ...This past year brought on board some rather impressive help....All the pieces seem to be coming together finally. The major movement in the business should be a 2015 ....
I come from the Hemiwedge days ....Nothing was 'Revoked' ....Hemiwedge's valve product line was successful but Flemming could not get the credit line needed to build and fill orders.Banks were not lending money. He ended up selling the patents and Hemiwedge name to another company and using the proceeds to start what is now HII Tech. After paying off debt there was $400K remaining . The Hemiwedge product was used in the Oil Industry and Flemming understood that space... He bought, merged and built businesses you see today.....All without dilution ...It took time but if you held onto the stock you are much higher than Hemiwedge stock ever was....
The Sell off in HIIT is purely due to the Oil Crash in price ...
But since HIIT is such a small player in a still Huge Market the business is not affected at all. The growth potential is the same....maybe better since HIIT's technology lowers their customer's costs. The recent PR from HIIT confirms this ....Any buy here in the 50's IMO is a steal ....This stock is a long term play....Do not expect big or fast moves in price.
CC today in 20Min
4254405100 pin 655117#
LF has spent a lot of time in San Diego at the Johnson & Johnson facility. (look at past tweets) ....Maybe a deal there? Licensing?
My take on recent tweets and chatter is LF is finally getting somewhere.All Quture needs, apart from up to date filings, is a marketing agreement getting contracts.... Whether LF sells and contracts himself or a channel partner does it. I'm in the camp that a channel partner is good thing. The right partner will have a large customer base, money to market with the reach of many marketing professionals who know the business. A large partner with credibility in the Hospital/Medical industry will do far more for Quture than LF can ever do on his own... Although LF seems to know everyone in the business.
Last week I went after a few million more shares when some selling took the Bid down to .0004 ...IMO QUTR is a good buy here....with the usual risks of a penny or any stock.
Note Landon's Twitter Post ...
On Sep 21 .....This is the 3rd time he's posted a meeting with
Janssen in San Diego ......He is obviously doing a deal with 'Johnson & Johnson' .............
IMO
https://twitter.com/Landoni
Apr 30th, Jun 4th and now Sep 21st
The Net is Earnings
The last PR told you what net profit is going to look like ....All companies give a range but you must do the math....You already know the first half 2014 earnings ....The PR tells you what the second half will be 4 to 7 percent on some 30M in sales or more...
"We also expect net margins during H2 2014 to increase and full year margins of 4-7%."
5% of 30M is 1.8M net ...It will probably be more IMO.
Accumulated Deficit ....
All the many losses every quarter/year while FVRG was building the business to profitability...This was funded by selling stock to investors ....It is not company debt except for any borrowings and converts done over that time ....The borrowings not paid off is long term debt...That big deficit is mostly all represented by the outstanding stock....With FVRG now running Quarterly profits that stock will reflect a return from taking on the risk of investing in FVRG stock...
I heard the expectation is for Sept for news that everyone has been waiting for .....My take was contract news ....Right now someone is throwing in the towel @ 3M shares ....IMO a big mistake at this price and time ....Drive it to .001 and I'll buy it.
Soooo ....Why hasn't SMME's card had any buyers? ...The Med card,,,No buyers .....The lawsuit has not generated any settlement talks .....Lots of PR's but no business ....I'm out.
Very good CC
Small trading float, product is complete and marketing staff is going to market now ....
Also.....There is only 30K shares available on the ASK at .0049 .....
Clearly the wheels are finally turning for Quture ...No company out there can do more to get sales for Quture than Intersystems ...The holder of some 80% of the databases of all the hospitals operating...
And you know this how? ...Issuing more shares? ..The total OS has been maxed out for a few years ...New shares could not be issued ...Share structure? ..Read a 10K ...As for a reverse split,,,, it would only be needed to get a listing price. That will likely never be the direction Quture would go IMO ...LF will sell the company at some premium before the time it would take to grow the business to qualify for any listing...Needless to say LF must grow the business to interest any buyer..
IMO, J&J selling into many Hospital markets, any meeting would more likely be talking partnership or joint marketing of the Quture product line. I believe they may have had talks a few years ago before Quture's software was completed. For LF to post J&J on a twitter post rather than just say he had a meeting in San Diego may be very significant.
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....
Red is when the stock drops like a rock when 741K hits the bid (especially this stock),,,,Who is ever sitting on the bid looks to willing to take however many shares that are offered. You have to wonder way??? ....Just maybe he or she knows something ....
Of course ....
LF must close some deals ....but I think that will happen sooner rather than later .....
Where Does Q go From Here ...
Given LF's age but more importantly his huge stock position in the company, selling or merging into a larger player in the space is the end game here,IMO...Maybe between .05 to .15 a share. LF has limits to selling any of his shares ,,Looks like he found the right guy to get it done...
""As Q becomes properly funded to transition to fundamentals with revenue," said Landon Feazell, Chairman & CEO of Quture, "We continue to build our Management Team supported with exceptionally qualified professionals, now including corporate legal counsel. After a diligent search process and a series of meetings with Joel Mayersohn since January, I am extremely pleased for him to commence his legal representation of the Company. Mr. Mayersohn's extensive expertise representing public companies with a diverse clientele, financing transactions, mergers and acquisitions and general securities matters will be a valuable addition to Q and its shareholders. During our discussions of specific initial priorities for his focus, he has already demonstrated insight with logical and practical immediate approaches and experience-based solutions to our legal representation."
Chance4,,,,Buying and selling is the same ,,,4M bought from sellers who sold that 4M ....The question is at what price do the trades take place. The positive in Quture's trading today is the Buyers of those 4M shares bought at higher prices to get their shares...By the end of the day if you wanted to buy more shares, the only shares available at the market were at .0045 ..Normally that's a good sign if somebody out there knows more than we do re Quture's business and wanted to grab shares now....They were unwilling to put in an offer/bid say at .003 and wait for someone else to sell their shares to them. Time will tell ....
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 ...
The Numbers Tell it All ...
2013 Revenues Grow 41.2%
Q4 2013 Revenues Grow 124.2%
Chesapeake Group must get the word out for more investors here .....Their track record from my experience is poor. It might be time to get a real IR Broker to do the job. Chesapeake has always been a penny stock promoter....FVRG must start to get into small cap/mid cap investor accounts.
Now that this news is out there may be a window when insiders can buy up shares ....If you see it, it's all in,,,,build up your position ..
Quture trading over the last few days....
Very large blocks of stock sitting on the Bid(but no one is selling) slowly moving up as the Ask is being bought out(moving the trade up) Then at the end of the day the Bid is hit(with a small trade) to move the last price of the day down.....Making a good trading day for Quture look average to down. Almost looks like a strategy to keep buying up shares while trying to keep the price down....The next week or two may indicate what's really going on here...
Hit .005 today on 1M shares .....No news out but somebody knows something ....
Many of my Questions answered in Today's PR
"We are excited about our participation at HIMSS this year. Not only will we be spending time at the InterSystems booth, but also we will be doing first time demonstrations of our ready-to-market full QualOptima Version 1 to HIMSS' audience of healthcare providers and IT executives," commented Landon Feazell, Chairman & CEO of Quture. "This event comes at a pivotal time for the Company as we transition to sales of QualOptima V1 and continue to develop our entire product offering, beginning with the Performance/Peer Review Application, and followed shortly thereafter with the Proctoring Application as announced earlier this week. In addition to the HIMSS platform and other industry-related events, we are focused on showcasing and re-introducing our ready-for-market transformative software and applications still in development to our long-standing relationships in the health sector and to the hundreds of hospitals that have previously engaged Q's predecessor companies."
Feazell added, "In addition to product marketing, we are focused on augmenting Q's management, technology and sales teams to support sales and installations, continued product development and scalability for market rollout. We will be meeting with candidates for the positions of Chief Software Architect, to work with Sherif Elfayoumy, Ph.D., Chief Technology Officer, and Technology/Product Support and Development at Q'Zure, LLC. Additional recruiting of independent contractors needed for on-site product installation and support will also be conducted at the conference. HIMSS is always an energizing, insightful opportunity for our business and right behind it is our next round of strategic meetings at InterSystems' Global Summit in Orlando in late March. We look forward to a great conference and to a steady flow of productive meetings in the week and month ahead."
MAC ...It answers a lot of my questions. Also getting funding of over 500K at this point means somebody sees a risk worth taking obviously expecting a profitable investment in Quture.
Back on Feb 4th I sent Lauren Milner an email requesting her to pass on questions to LF. She did and maybe we will see answers to all of them.
" Lauren, Per our discussion yesterday, I have a lot of questions about Quture.
1. Does LF have money to move the business forward. Is LF still looking for a cash infusion to fund new hires, website updates, marketing, satisfying Intersystems requirements, etc.
2.Are there any hospital contracts in place now, paying? When will Quture see new revenue business? Is the Intersystems partnership still active? Will Intersystems sell through to their customers? Are License deals on the table? Licensing to a big player or players in the hospital software space? EPIC Systems? Intersystems?
3. Do you have support staff in place now? If not, when? Are candidates being actively looked at now? What will it take for Intersystems to go forward with Quture's product line?
4.The website update.....Where does that stand? Will Intersystems be featured? Will Quture be featured on the Intersystems website? As a partner? Will LF be with Intersystems at the Himss conference? Will Quture be actively marketed at this conference?
Lauren, I along with others I have put into Quture stock, many millions of shares, have never sold, believing in Landon's vision for Quture. We would be very appreciative of your answers to these questions.
Ken
It's a much bigger business now so expenses are up ....What I want to see is a Profit ...HIIT pores a lot back into growth but it would be nice ...
That 85% is one insider ....LF ....And he is very restricted is how much he can sell. Essentially he will have sell the company to a big player in the space once Quture has built up the business.
Note:There have never been any SEC Filings from LF