Replies to post #73 on 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.

[Here comes the night]

I'll offer a little imput that might help answer that question. The lending firm that took Kendall's former company public(IPO) undoubtedly came away from that venture with much confidence in his ability to run and grow a company. He sold LDI , I believe was the name ,for over 300,000,000. Recently the Pr's addressing this newly sought financing has moved from "looking at numerous options" to" we are in discussions with a SPECIFIC firm working hard to accomplish the goals of financing with more favorable terms for SENS than currently enjoyed" or maybe I should say I am paraphrasing the company comment. I inquired as to whether this "firm" could be the one that took the former company public? I was told , Hell no SENS is to small for that firm to even bother with but that the specific players in that firm rsponsible for the previous working relationship with Kendall had now formed their own firm and were the ones Sens is in discussions with. Now nothing was said to suggest they would get the deal done. However, the past experience and its success could bode well for this getting inked since the same ball players only with a different team where the ones involved in current discussions. FWIW

[Rawnoc]

One more thing....quote from the CEO....

"I've personally raised billions of dollars for companies in my lifetime. There are very few people in the world who can honestly say that."