InvestorsHub Logo
Followers 5
Posts 395
Boards Moderated 0
Alias Born 10/16/2014

Re: None

Saturday, 09/24/2016 11:08:58 AM

Saturday, September 24, 2016 11:08:58 AM

Post# of 3760
Let's put this into perspective. This is not a scam. I have visited the Oxnard address. It exists. The VAWT exists also. It is all real. If you don't believe me go see for yourself. It all exists but I can't say how well it works. That's why it has been evaluated by an independent third party for 9 months. We are all waiting for the results. Now, what is happening with the stock price? SENY and Beaufort entered into a Equity Purchase Agreement. Beaufort agreed to purchase up to $3mil. of SENY stock which will provide the cash necessary to get this product to market assuming the independent evaluation goes well. Beaufort gets their shares directly from the company; not from the market. They are getting their shares at below market prices and then selling them on the market and profiting from the spread. They make a smaller profit, have their capital tied up for a short period of time and reduce their risk. This is good for them and good for the company. The company can't exist without funding. This kind of financing is not the best for the market (us) because it increases the number of shares outstanding and dilutes the value of our holdings. Beaufort is probably not investing long term, like some of us, so the agreement isn't necessarily a vote of confidence in SENY. This is the quagmire associated with developmental companies and penny stocks. The stock will be under pressure until sales begin and the need for external cash lessens. IMHO.