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SEN - Senetas Corporation

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I am led to believe that Senetas, is waiting on funds for placement of app. 46 million shares @ .55c per share with IKL Management (not sure who they are nothing on the web) per annual report to land into their bank account could be today or the next few days afterwhich trading should resume.
 
i think if your holding your on a good thing.

the potential for this company is enormous.

maybe some one has seen it, and decided to get on.

i was reading in a share magazine that they looking 250 million in revenue within the next few years....

they are also doing the nations largest intelligence project for telstra.
 
Sounds good let's see if that can translate into a much higher share price when it re-opens. The big question is when will they trade again
 
What I am confused with, that announced in their annual report about the share placement, but they haven't specifically told the market (through a specific announcement) about the placement. I would have thought this is pretty major news, to announce it in a minor line item in the annual report isn't very professional.

Now lets see them re-open.
 
A placement does not really require a share suspension to my knowledge. I think it is more important than that.
 
I have to agree with fab I think that there must be something more serious ie, a proposal put to the company that is obviously going to affect the company's value by more than 10%- 15% thus the suspension until they are in a concrete position to release it. They cant let the stock trade without eveyone knowing what they know! And yes im one of the punters caught holding the great unknown and talking to their investment answering machine!
 
I think we could here more tommorrow the Managing directors 1,250,000 share options exercisable @.80c expire 1/11/06. However in saying this the board have indicated that talks and the transaction being undertaken are extremely sensitive, what this means well most shareholders do not have a clue....All holders will have to sit and wait patiently....
 

No, this is often misunderstood.
The options vest on 31/10/06...... they expire June 2011.
 
123enen said:
No, this is often misunderstood.
The options vest on 31/10/06...... they expire June 2011.
Click to expand...

I suppose at least this must mean that the company won't announce that they are broke
 
I understand before annoucing the suspension of their share trade they have annouced their annual meeting on the 23/11. This tells me that they are unlikely to go bust and that they will at least have to be re-open for trading before the 23/11.
 
they are finalising a large transaction it is taking longer than expected was ment to be complete by now but will take at least another week maybe 2 (wouldnt commit for obvious reasons) transaction does have a large affect on co's value couldn't get much more out of them. you holding fab?
 
Constable,

Thanks for that ? How did you find that out ? Did you call them ? I tried to call their investor information line on 1300 787 795 but could not get through. What you are saying is very interesting as I believe this is likely to push this stock higher.
I have bought into SEN last year and own few thousands of those to answer your question.
Do you own any ?
 
yeah its been the same for me, "shannon" keeps puttting you thru to an answering machine but this time i demanded to speak to a real person and the bloke i got was fairly helpful. Sitting on 120000 @ .48 myself and looking forward to some action.(i called there melb office!)
 
constable said:
Sitting on 120000 @ .48 myself and looking forward to some action
Click to expand...

I don't blame you at that quanity & price.....

I be gettin kinda nervous...but I'm sure it will soar.
 
Yep sounds like exactly like me I am sitting on around 25000 (can't remember the exact number) @.48 too. This annoucement will either tip me into profit or loss
 
gee whiz were you still sitting on them after they hit 80 cents through dec jan! you must be paying a lot tax already?
 
What do you mean ? With 120 000 you have almost 6 times more than me.
I bought some at the peak around 80 something and then bought some at the bottom at 0.30 so my average is 0.48.
I am happy to sit on it, I am in the IT industry and SEN sounds like a good company, also few months ago when their share price went up they mentioned that this could have been caused because of rumours about a deal therefore what you mentioned in your last post is not surprising and should very welcomed by the market when it re-opens. It is now a question of how welcome this is.
 
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