Senticore (SNIO)

[RonnieD]

ok. geez not even a PR by the company ( AdZone ) to defend themselves !
Still, it's an old asset, and doesn't have much to do with overall SNIO worth or prospects, other than about a $ 52,000 cash div from any potential sale. Kaats inherited this holding.If you think about it, I believe it sets a precedent that he was going to ( or has ) distributed proceeds to common shareholders. I'm hoping that the audited financials show this when complete - May25 merger release - "The company ( IHT, my emphasis ) has derived its income from ongoing from research and consulting contracts with its healthcare and nutritional clientele. As of May 15, 2006, IHT had an un-audited balance sheet indicating assets of $8,097,515 and liabilities of $522,952. "We need to underscore the 'un-audited' nature of these figures until we obtain an independent audit, which will be filed as an amendment to our Form 8-K within 71 calendar days of closing," said IHT's CEO, Gilbert R. Kaats, PhD."
IHT will become Senticore's largest portfolio company and, in conjunction with the merger, IHT's management team will replace Senticore's management after the SEC's required 10-day waiting period. At that time, the company will continue to operate as a business development company, but will limit its acquisitions and its research and development, to the healthcare and nutritional industries utilizing its networking connections that have been developed over the past 20 years.