Replies to post #167978 on Value Microcaps Motherboard

[cartonet]

Yes, I figure out STT.V could comfortably start paying 1c/year divy for a yield close to 4%. Once they do pay a dividend and get into the main TSX board there is no way the stock remains so undervalued anymore. Last week saw a large +1M shares dump by a disgruntled large shareholder, Bobby Genovese of BG Capital. He sold off 5M shares in July and after last weeks sale he is down to about 1.9M. Market nicely absorved his sales last week and STT bought quite a few trhough Raymond James for cancellation.STT will soon be rewarding shareholders with BOTH a share buyback program AND dividends.

STT arranges buyback of up to 2.79 million shares


2015-05-14 12:00 ET - News Release


Ms. Holly Hendershot reports

STT ENVIRO CORP. ANNOUNCES NORMAL COURSE ISSUER BID

STT Enviro Corp. has received TSX Venture Exchange approval of its notice of intention to commence a normal course issuer bid (NCIB) through the facilities of the TSX-V, permitting the company to repurchase, for cancellation, up to 2,791,547 common shares in the capital of the company, representing approximately 10 per cent of the company's public float (as such term is defined in the TSX-V Corporate Finance Manual).

The NCIB will commence on May 20, 2015, and run until the earlier of the date on which purchases under the NCIB have been completed or May 20, 2016. The company is commencing the bid because it believes that the current market price of its shares may not fully reflect the underlying value of the company's business and its future business prospects. Accordingly, STT Enviro believes that purchasing and returning its common shares to treasury at present pricing represents an opportunity to enhance value for its continuing shareholders. The company's cash position allows for the implementation of the bid without adversely affecting the company's other opportunities.

The NCIB is to be made through the facilities of the TSX-V and in accordance with policy statements on normal course issuer bids. The price which STT Enviro will pay for any common share will be the market price at the time of acquisition plus brokerage fees, if any. No purchases of common shares have been made by the company in the past 12 months. Purchases pursuant to the NCIB will be made by Raymond James Ltd. on behalf of the company. A copy of the Form 5G -- Notice of Intention to Make a Normal Course Issuer Bid filed by the company with the TSX-V can be obtained from the company upon request without charge.

To the knowledge of the directors and officers of STT Enviro, no director or officer, associate of a director or officer of the company, or person acting jointly or in concert with the company, nor any person holding 10 per cent or more of the common shares has any present intention to sell common shares during the period of the NCIB.

We seek Safe Harbor.

© 2015 Canjex Publishing Ltd. All rights reserved.

[cartonet]

Bob, think you might like the value this stock represents. My largest position right now. Started buying at 7c and never sold a single share yet as it is insanely undervalued after current announced deal (only pending of vote by end of December):

EUO.V

Largest bargain with about best risk/reward ratio on the Venture right now. 16c gets you close to 20c in cash with no debt, a guaranteed stream of income for 6 to 9 years (the best of 1.5M/year or 5% of contracts awarded to SICPA), one existing line of business (Xemetrix) and blue sky scenario type of technology to prove itself in 1Q2016 (XWinSys). cant get any better IMHO.

http://www.eurocontrol.ca/data/presentation/files/EUO-Presentation-November-2015.pdf

http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aEUO-2323276&symbol=EUO®ion=C

Eurocontrol firms up sale of Global Fluids to Sicpa

2015-11-06 17:19 ET - News Release

Mr. Bruce Rowlands reports

EUROCONTROL ANNOUNCES PURCHASE AGREEMENT WITH SICPA FOR SALE OF SUBSIDIARY GLOBAL FLUIDS INTERNATIONAL S.A. AND EXCLUSIVE LONG-TERM SUPPLY, MAINTENANCE AND SUPPORT AGREEMENT

Eurocontrol Technics Group Inc., further to the previous related disclosure, has entered into a definitive purchase agreement, pursuant to which the company has agreed to sell 100 per cent of its wholly owned subsidiary, Global Fluids International S.A. (GFI), to Sicpa Finance S.A. (Sicpa), a subsidiary of Sicpa S.A., each a privately owned company based in Switzerland, in exchange for cash and postclosing earn-out payments. As a key part of the transaction, the company, through its wholly owned subsidiary, Xenemetrix Ltd., has agreed to enter into an exclusive long-term supply, maintenance and support agreement, pursuant to which Xenemetrix would continue to supply to GFI, and GFI would continue to purchase, Xenemetrix's products and services currently used by GFI in its business, in each case, on an exclusive basis within the oil and gas marking and monitoring field of GFI's current operations.

Highlights of the transaction include the following:

The transaction unlocks shareholder value by significantly increasing its available cash to finance the development of its existing business operations that will be retained after the sale of GFI and to take advantage of new opportunities for growth within the authentication, certification markets.
The transaction will create a long-term relationship between Eurocontrol and Sicpa, whereby Eurocontrol will participate in future growth of GFI's business through postclosing earn-out and additional payments (as described below). These payments are to be calculated based on net revenues of GFI from all new contracts for the sale of not only existing products, but also on the sale of related logistics services, which GFI plans to offer and which are expected to significantly enhance GFI's current offering for fuel marking projects, allowing for a more robust integrated Petromark offering.
The relationship with Sicpa is intended to allow Eurocontrol to accelerate the fulfilment of its current objective of expanding Xenemetrix's existing business through its continuing support of GFI's business, on an exclusive basis, in the field of oil and gas marking and monitoring under the supply agreement.
The transaction will also allow Eurocontrol to enhance its current strategy of expanding Xenemetrix's business in the design, development, production and marketing of energy-dispersive X-ray fluorescence (ED-XRF) systems in the marine sector and in other potential markets, and to continue its development of its current XwinSys business, dedicated to the design, manufacture and marketing of novel solutions based on ED-XRF, combined with automated 3-D vision for the semiconductor and related industries.
The consideration payable to the company for the sale of GFI is as follows:

Cash consideration payable to the company by Sicpa on closing of $16-million (less the $250,000 deposit received by the company and $286,000 in transaction payments, and assuming that, on closing, GFI has positive working capital of $1-million), subject to a working capital adjustment;
Postclosing earn-out payments equal to 5 per cent of the net revenues earned by GFI from contracts entered into by it following the execution of the purchase agreement and during the period ending six years from the closing of the transaction, with a minimum guaranteed of $1.5-million per year for the six-year earn-out period (total payment of at least $9-million);
Additional postclosing payments equal to 5 per cent of the net revenues earned by GFI from contracts signed during the fourth through sixth years following closing paid until the third anniversary of such contracts;
The settlement of loan amounts owing by Eurocontrol to GFI.
Bruce Rowlands, chairman and chief executive officer of Eurocontrol, stated: "This is a tremendous deal for both Eurocontrol and Sicpa. The synergic fit of our core expertise will create a highly compelling technology solution for the fuel authentication market that we believe will contribute to the advancement of Xenemetrix's business and will provide the company with new capital to fund its future growth and a continuing revenue stream through earn-out and additional payments. We look forward to working with the Sicpa team through Xenemetrix and its support of GFI's Petromark solution."

Gilles Leraille, executive vice-president, business development, of Sicpa, stated: "The signing of the final purchase agreement for GFI constitutes, for the Sicpa group, a breakthrough for its existing traceability business that will now be extended to the promising oil marking and monitoring field. The basis of this transaction is the good synergy between Sicpa and GFI, which both offer comprehensive solutions in their respective fields for the authentication and monitoring of key tax carrying goods and items. Both companies work exclusively with governmental authorities in different countries, where Sicpa already has sizable operations and therefore where the introduction of GFI will be facilitated. Equally, both organizations are used to providing top-of-the-range, latest technology-based solutions, pledging at the same time to provide uncontaminated and robust data to state institutions. Another unique characteristic of this transaction is the partnership type of agreement that is envisaged for a noticeable period of time, instead of the typical seller-buyer relationship. In this way, the two parties' teams can be harnessed to maximize the chances of success and the realization of a promising upside for both Eurocontrol and the Sicpa group."

Other key terms of the purchase agreement include: customary representations, warranties and covenants, confidentiality and exclusive dealing undertakings for the period prior to closing, termination provisions and a matching right of the buyer in the event of any proposed alternative transaction, involving GFI or Xenemetrix, prior to closing, and a right of first refusal option to purchase all of the equity of Xenemetrix in the event the company or Xenemetrix intends to enter into a transaction resulting in a sale of Xenemetrix or affecting the company's control of Xenemetrix.

While the proposed sale of GFI to Sicpa is an arm's-length transaction, in accordance with the policies of the TSX Venture Exchange, the transaction is a reviewable disposition and subject to the prior approval of the TSX-V, because it involves a sale of more than 50 per cent of the company's assets, business or undertaking. The TSX-V generally requires shareholder approval for such transactions. In this regard, the company will hold a special meeting of shareholders on Dec. 18, 2015, at which approval of the transaction will be sought, and shareholders of record as of Nov. 9, 2015, will be entitled to vote their common shares of the company at the meeting. Copies of the purchase agreement and of the management information circular for the special meeting will be filed with Canadian securities regulators and will be available on the SEDAR profile of the company.

A special committee of independent directors of the company reviewed, supervised and participated directly in the negotiation and settlement of the terms of the transaction. The special committee, and the company's board of directors, has unanimously approved the transaction, which it has determined is in the best interests of the company and its shareholders, and recommends that shareholders vote in favour of the transaction at the special meeting of the company's shareholders. Each of the officers and directors of Eurocontrol who hold securities of the company have entered into an agreement supporting the transaction, pursuant to which they will vote any common shares of the company that are held by them in favor of the approval of the transaction.

The closing of the transaction is expected to take place following the special meeting of shareholders and prior to Jan. 4, 2016, subject to the above-mentioned approval of the TSX-V and the company's shareholders, and the satisfaction of a number of closing conditions as described in the purchase agreement.

About Sicpa

Sicpa is a leading global provider of secured authentication, identification, and traceability solutions and services. Founded in 1927 and headquartered in Lausanne, Switzerland, Sicpa is a long-trusted adviser to governments, central banks, high-security printers and industry. With high-technology security inks at the core of its expertise, the company protects the majority of the world's banknotes, security and value documents from the threats of counterfeiting and fraud. Sicpa also integrates ink-based covert features and sophisticated traceability technologies to offer solutions and services to governments and industry, ensuring product authentication, traceability and protection, as well as tax reconciliation. Operating on five continents, Sicpa is a global company providing technologies and services to most nations worldwide.

We seek Safe Harbor.

[Rocketred]

2015-11-26 10:14 EUO News Release Eurocontrol Technics Group loses $215,711 in Q3 2015