RE:RE:SIO March 31st
greeninvestor:good for you,don`t second guess yourself,you got some sure profit and still have a good position.
I also use BMO,also bought a train load on the cheap but I`m not selling yet,I want my grandkids to really love me :-)). Another 4 cents and I am on the black too.
I also see too many things coming, maybe I`m blinded but I don`t think so.
Disney resigning.
Small revenues from Hisense on the last report (out of nowhere,more news to come soon ?).
The Panasonic-3DGo deal.
The recent trading.
The heavy rumors.
The mention-hints of LG.
The faith of the Caisse and others (they must know something).
The games GM plays, they put the brakes on 0.10-0.11, they could not hold it there and today they put the brakes at 0.15-0.1555, they can do it for nothing, they have 12 million unaccounted shares, who owns them ?..
Things like the telecast announced today with not even a mention from SIO.
The action on the board by unknown alliens :-)).
I don`t know about a takeover,the longer they go knowing what they do the uglier and expensive it will get,when and will it happen ?,good question
In the eman time I keep sipping my BGs.
Cheers.
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The Shareholders Right Plan.
March 02, 2010 09:00 ET
SENSIO Adopts a Shareholders Rights Plan
MONTREAL, QUEBEC--(Marketwire - March 2, 2010) - SENSIO Technologies Inc. ("SENSIO" or "the Company") (TSX VENTURE:SIO) announced today that its Board of Directors has adopted a shareholders rights plan (the "Rights Plan") in order to promote equitable treatment of shareholders in any public offer to purchase aimed at the Company. The Rights Plan takes effect immediately and will grant SENSIO's Board of Directors and shareholders more time to evaluate fully any unsolicited public offer to purchase aimed at the Company. The Rights Plan will also provide more time to the Board of Directors to analyze other solutions or propositions in order to maximize the value of the shareholders' investment if required. The shareholders will be asked to ratify the adoption of the Rights Plan at the next special meeting of shareholders, which is planned at the latest within six (6) months starting from the adoption of the Rights Plan by the Board of Directors.
The rights issued under the terms of the Rights Plan will be initially attached and traded with the common shares and no separate certificates will be issued unless an event triggering these rights occurred. These rights cannot be exercised except when a person, including any person related to that person, acquires or attempts to acquire at least 20% of the outstanding shares without conforming to the terms of the Rights Plan relating to "permitted bid" or without obtaining the approval of SENSIO's Board of Directors.
If an acquisition of this type is announced or takes place, each right, at the time it is exercised, allows its holder, other than the acquiring person and persons related to the acquiring person, to purchase shares at a discount of 50% compared to the market price then in effect.
Under the terms of the Rights Plan, a permitted bid is an offer that is made to all holders of shares and that can be accepted within at least 60 days. If, at the end of the 60-day period, at least 50% of the outstanding shares, other than those belonging to the initiator and to certain persons who are related to the initiator, have been deposited, the initiator may take delivery of shares and pay the price for the common shares, but he must extend the offer by 10 additional days to allow other shareholders to tender their shares in response to the offer.
The Rights Plan has not been adopted in response to a specific proposal aimed at acquisition of control of the Company, and the Company has not been informed of any intention in this sense. The Rights Plan has a duration of nine years and its adoption is subject to the approval of the TSX Venture Exchange Inc. which has been granted and to its ratification by the shareholders at the next special meeting of shareholders. The Rights Plan must also be re-ratified by the Company's shareholders every three years.
The Rights Plan is similar to other shareholders rights plans adopted recently by several other Canadian companies. A declaration of significant change and the complete text of the Rights Plan are currently being filed on SEDAR.
About SENSIO
SENSIO Technologies Inc. (TSX.V:SIO) - With its significant expertise in the field of 3D video, SENSIO develops and markets digital stereoscopic compression, decompression and formatting technologies for various display screens. Its solutions are in large-scale use by content creators, video-game developers, broadcasters, specialty channels and digital movie theatres, thus generating substantial additional distribution income for its clients. Its flagship technology, SENSIO®3D, enables high-quality distribution of 3D content on conventional 2D channels (cable, satellite and/or IPTV), and playback on any 3D display device, including plasma TVs, high-definition LCD TVs, PCs, and glasses-free 3D displays or projectors for digital movie theatres and home theatres. SENSIO®3D is a true multi- platform format and is compatible with the existing DVD and Blu-ray players as well as game consoles, including the Xbox® 360 and Playstation®3. It is the format of choice for creating recognized 3D gaming experiences. SENSIO is listed on the TSX Venture Exchange. For further information visit www.sensio.tv. We.Deliver.3D.Today.™