Reality checkWe should establish a new record at the opening, there are over a million more Bids than Asks at 0.305 plus at 9.10 am.
Bigo64, it`s not disturbing,there`s nothing new,same reshuffled info from Ralph and the last AGM with a touch of magic on BNN.
Look at Ralph`s last Report and the info we had from CMax from the last AGM,spice it with some flare ,put a PR about Financials and updates,a good report on BNN and voila!!,all within a few hours,it makes you think that all these activity has a reason.
BEACON brought the SP from 0.10 to o.29 on nothing, people followed to some degree.
BEACON could be buying for the CAISSE and that would release SIO from insider info
Maybe finally some new deal or very good numbers are coming out,maybe another deal through Wilan,finally the elusive major.
It could be the expectancy we had from the new BOD by the way this is executed,from crumbs to an apetizer to hopefully the main course,if that`s the case they are all we expected from them, good execution through whatever means.
For those with BALLS there is a good chance to make some fair money on dips and climbs,we are going to be wild for a while.
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SENSIO FQ214 RESULTS; AGM HIGHLIGHTS
EVENTS SENSIO reported FQ214 revenue of $129.4K (GMCI: $151.8K),
EBITDA of ($1.0M) (GMCI: ($0.4M)), and EPS of ($0.02) (GMCI:
($0.00)). As at November 30, 2013, SENSIO had $1.8M in cash and cash
equivalents. We attended the annual general meeting (AGM) in Montreal.
IMPLICATIONS Neutral. Excluding impairment charges, FQ214
operating expenses were $919K versus $1.1M yoy (down 16%). With
more cuts in December, the monthly burn should go from
~$400K/mth last year to ~$150K/mth within the next two quarters
(down to 12 employees). In FQ214, revenue from movie rentals jumped
to $18,228 versus $8,469 in FQ114 and the number of 3DGO! users
climbed from 3,089 to 8,019, up 160% qoq. We are looking for ~20-
25K registered users by the end of F2014 (Vizio users only), and double
this amount by the end of C2014 depending on how quickly the
Panasonic users ramp. We believe the board changes are positive, and
look forward to several catalysts to evolve over the next few quarters.
CATALYSTS The upcoming catalysts for SENSIO include: Signing one or
two more studios and/or CE manufacturers to the 3DGO! store; licensing
deals with other CE manufacturers; and more licensing deals through the
Wi-LAN (WIN-T, $3.41; Strong Buy; PT US$7.00) partnership.
VALUATION SENSIO is currently trading at a F2015E EV/Sales of 4.0x
versus industry comparables at 3.2x, on C2014E. SENSIO has been issued
15 patents, with 21 pending in 13 different patent families. We value its
patents between ~$16-48M or $0.13-0.40/shr. (assuming 119.5M shares).
Thesis: With the official launch of the 3DGO! store, there are
several reasons to own SENSIO: 1) royalty revenue should grow
from VIZIO and other 3DTV manufacturers; 2) Disney,
Paramount and Universal deals provide the 3DGO! store with
instant credibility from a content perspective; and 3) the existing
patent portfolio and Wi-LAN partnership provides underlying
support to our valuation.
3DGO! REVENUE AND USERS| In FQ214, revenue from movie rentals jumped to $18,228 versus
$8,469 in FQ114 and the number of 3DGO! users climbed from 3,089 to 8,019 (Exhibit 1), up 160%
qoq. At the end of FQ214, there were 2,693 active users, up from 894 qoq. In FQ214, active users
rented 2,877 paid titles versus 1,354 qoq. We are looking for ~20-25K registered users by the end of
F2014 (Vizio users only), and double this amount by the end of C2014 depending on how quickly the
Panasonic users ramp