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Sofame Technologies Inc SFMGF

Industrials Diversified Industrials
Sofame Technologies Inc is a Canada based company engaged in engineering and manufacturing direct-contact heat recovery and industrial water heating systems. Its services and products belong in the categories of power boiler and heat exchanger manufacturing. The products of the company include percotherm, percomax, hybrid oercotherm, launrec RBT, among others. The organization generates revenue from the US and Canada based clients, of which maximum revenue is derived from the Canada based client


GREY:SFMGF - Post by User

Sofame Technologies Inc > News
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Comment by canyousayon Dec 18, 2015 7:02pm
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Post# 24397033

RE:News

RE:NewsBasically add up all the numbers, translate US $ into Canadian and they are basically taking care of almost $3 million that they are in the hole. I guess no hurry to find the money to pay the auditors so it is unfortunate that they blamed the auditors for the halt. No idea what the final structure will look like but I don't understand how a creditor that has more right than a shareholder will take a share valued at 5 cents for the 0.5 that the market is giving. The saga continues. Next reporting in a couple of months by the sound of it. Season's greetings to all.
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