Give you guys something to read, you are bored.Questions and my answers.
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Why does Routhier wants the full PP at 25 million shares plus hopefully the over allotment ??.
He needs time and you need money to buy time.
Why does he needs more time after all these time past ??.
He either thinks we are almost there,or he wants that extra cushion, for ??.
Why did he put a 100.000 subscription towards the second tranche ?.
To keep the full PP alive and have the second tranche started already ?.
This is just a thought (IMO), but I would not be surprised that in order to fulfill the second tranche Richard would end up doing the same thing as Routhier,sell on the open Market, give the warrants as a gift and buy on the PP..
How about insider buying ?.
Choquette 100.000, Richard 50,000 on the first tranche, and Routhier 100,000 on the second tranche.
A total of $25,000, not much on the line of believing but something none the less..
Did the Caisse outsmart Routhier ??.
One could read it as yes.
With the 6 million shares the Caisse bought it gives them the right to appoint a member of the BOD, also combined with the 5.725.000 they bought as One of the Amigos gives them already way more than 10 % of a fully completed PP ,the Caisse ownership could vary between 15.8% to 19.7% depending on warrants exercised.
As long as the Caisse has at least 10% ownership they also have certain rights, the right to prevent SIO to issue shares below 0.10 without their consent for 180 days from Oct 4-2013, Sensio has also granted to the Caisse preferential subscription rights subject to certain conditions.
Once the SEDAR comes out some of these items should be clearer.
Read some at the bottom.
Why so generous with Global Maxfin?.
$112.000 plus 1.005.000 options at 0.10 for two years, they could end up the big winners.
Why have Management done it this way ?.
By doing it this way we are prevented for now of knowing how many placees are involved, and taking our right to speculate as to who.
By going for a full PP we`ll have to wait till it`s all done and hopefully then we`ll have the number of placees at least.
We are looking at 12.000.000 million shares from the first tranche (who are they?) and between 5 and 8.750.000 on the second ,assuming a full allotment (who will they be ?).
Depending on how many placees, we may end up with one of them having a higher percentage of ownership than the Caisse and that could be interesting if they get together.
At almost 120 million shares if warrants fully exercised with SIO getting almost $8 million,even though we`ll be fully diluted we`ll be cash happy for a long time.
But on the low side of the PP with no warrants exercised for a while we`ll only have between $2 and $2.5 million, that`s why it`s so important for Routhier to even at the expense of full dilution to have that extra cash.
At our burn rate we should be good for about ten more months to one year, but we have to assume that there will be revenues from 3DGo, the deferred revenues from Samsung and Wi-Lan, the new Panasonic-Wi-Lan deal, Cyberlink, Vizio.
Then what happened to the almost sure Autodetect deal, hopefully some more S2D switch deals.
I`m not counting on Hi-Fi deals, they have been coming on for too long, whenever they show up that`s when we`ll take them.
So what on the tech side?.
Hopefully we`ll have a CC after the next Financials in two weeks and lots of things should be explained, I really hope we`ll get some decent questions, there`s too much in the air.
Panasonic- 3DGO deal, what`s the real deal ??.
TCL-HISENSE, give us the real truth .
How much left on the deferred revenues ?.
How much we got from Wi-Lan Panasonic ?.
Why was the PP structured that way ?.
Why the complete turn around?.
Did we change our business plan ?.
What is our business plan ?.
Don`t talk from your mouth Routhier, talk from your head and heart.
Please don`t waste any more money on content till we get 3DGo going at a decent pace.
What will happen next March when we have to renew Disney-Paramount content deals ?.
I said this last year just before the 4 Amigos PP, we did good, we got far, but it was time for a change or help at the top.
ROUTHIER, what makes you think that you can bring this ship to port without going aground ??.
ROUTHIER, gives us a hint, a real hint, quit your over and under, it could be your last chance, if you pisss the Caisse anymore your job could be in jeopardy, your ownership-control has been diluted also.
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From the Caisse deal.
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EARLY WARNING REPORT PURSUANT
TO NATIONAL INSTRUMENT 62-1 03
a) Name and address of the offeror:
Caisse de dépôt et placement du Québec ( Caisse )
1000, place Jean-Paul-Riopelle
Montréal, Québec
H2Z 2B3
b) The designation and number or principal amount of securities and
the offeror’s securityholding percentage in the class of securities of
which the offeror acquired ownership or control in the transaction or
occurrence giving rise to the obligation to file the news release and
whether it was ownership or control that was acquired in those
circumstances:
Montréal, October 4, 2013 — The Caisse announced that, under the terms of a
subscription agreement (“Subscription agreement”), it has subscribed for
6,000,000 units of SENSIO Technologies Inc. (“SENSIO” or the “Corporation”)
(TSXV: SIC)
Each unit, at a price of CA $0.10, consists of one common share in the share
capital of the Corporation (‘Common share”) and one common share purchase
warrant (“Warrant”) of the Corporation.
Each Warrant gives the right to acquire one additional Common share of
SENSIO at an exercise price of $0.18 per common share at any time until
October 4, 2015.
c) The designation and number or principal amount of securities and
the offeror’s securityholding percentage in the class of securities
immediately after the transaction or occurrence giving rise to
obligation to file this report:
Prior to this transaction, the Caisse held 5,724,393 common shares of the
Corporation.
Following this transaction and taking into account the potential exercise of
Warrants for Common shares, the Caisse could hold a total of 17,724,393
common shares of the Corporation, representing 19.82% of all such common
shares issued and outstanding on a partially diluted basis.
d) The designation and number or principal amount of securities and
the percentage of outstanding securities of the class of securities
referred to in paragraph 3 over which:
the offeror, either alone or together with any joint actors, has
ownership and control;
As described above.
ii. the offeror, either alone or together with any joint actors, has
ownership but control is held by other persons or companies
other than the offeror or any joint actor; and
N/A
iii. the offeror, either alone or together with any joint actors, has
exclusive or shared control but does not have ownership;
N/A
e) The name of the market in which the transaction or occurrence that
gave rise to this report took place:
The subscription was made through a private placement under the
accredited investor exemption provided by applicable securities regulation.
f) The purpose of the offeror and any joint actors in effecting the
transaction or occurrence that gave rise to this report, including any
future intention to acquire ownership of, or control over, additional
securities of the reporting issuer:
The Caisse may increase or decrease its interest in SENSIO based on
market conditions or other relevant factors.
g) The general nature and the material terms of any agreement, other
than lending arrangements, with respect to securities of the
reporting issuer entered into by the offeror, or any joint actor, and
the issuer of the securities or any other entity in connection with the
transaction or occurrence giving rise to this report, including
agreements with respect to the acquisition, holding, disposition or
voting of any of the securities:
The Subscription agreement provides the Caisse with the right to include
in the list of candidates for the director position proposed by the
Corporation, in its management proxy circular, a candidate that is
independent under applicable securities laws.
The Corporation has agreed not to issue shares or securities convertible
into its common shares at a price below $0.10 per share for a period of
180 days following October 4, 2013 without the prior written consent of the
Caisse.
Sensio has also granted to the Caisse preferential subscription rights,
subject to certain conditions.
These rights will be granted as long as the Caisse holds a minimum of
10% of the Corporation’s outstanding common shares.
h) The names of any joint actors in connection with the disclosure
required by this report:
N/A.
i) In the case of a transaction or occurrence that did not take place on
a stock exchange or other market that represents a published market
for the securities, including an issuance from treasury, the nature
and value of the consideration paid by the offeror; and
The Caisse has subscribed for 6,000000 units of SENSIO at a price of CA
$0.10 per unit.
j) If applicable, a description of any change in any material fact set out
in a previous report by the entity under the early warning
requirements in respect of the reporting issuer’s securities:
N/A
DATED, October 4, 2013
CAISSE DE DEPOT ET
PLACEMENT DU QUÉBEC
By
Name:Soule Hadjoudj
Title: Legal counsel