Sentex Sensing Technology Inc (fka SENS)

[Rawnoc]

A bank gave them $2.5 million before.

More likely a financing partner who would be part of the business plan, would get warrants at the minimum, and who are investing in CEO Robert Kendall more than anything due to his experience.

For a severe, unrelated example, if Bill Gates were the head of a penny stock, he could snap his fingers and get $1 billion financed at 8% interest within an hour probably, lol.

Robert Kendall is no Bill Gates...not by a long shot. But maybe he can command $20 million from the right people who also have two of their guys sit on the board of directors. I have seen almost profitable companies get financing in this fashion before where the only thing it really had was a credible CEO to back the loan and a public market for the stock to profit on its success. Most notably would be ABRX in 2001 which lead to immediate growth, huge profits, and monster share price jump from their financing on the basis of just the CEO's experience. ABRX collapsed years later for unrelated reasons after the CEO was no longer involved but that's another story.