B-Scada Inc. (SCDA): 8-K out. http://ih.advfn.com/p.php?p...

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linuspop

Re: None

Wednesday, 01/13/2016 4:56:56 PM

Wednesday, January 13, 2016 4:56:56 PM

8-K out.

http://ih.advfn.com/p.php?pid=nmona&article=69991204&symbol=SCDA

Looks like 3.35M shares sold to Yorkmont at .20/share, so $670,000 to B-Scada to fund their new sensor biz. While I'm not a fan of dilution, reality is the company needs cash in order to fund the expansion and this has been discussed as a necessary step. Could be worse, as the stock has been trading at 20 cents anyway (no discount) and 3.35M extra shares isnt overly dilutive in the grand scheme of things (@ 30M outstanding).

CEO from Uptake was on CNBC this morning. He previously founded a company called Groupon (ever heard of it?). Anyway, sounds like his new company (founded in 2014) is after the same IoT platform niche B-Scada is after. I bet his company is well-funded so this new equity investment is essential to get B-Scada up and moving and not left in the dust as this market takes off.

Any thought?