Sofame Technologies Inc SFMGF

Update

[Xstorm2]

1. Delivering the CHUM unit early August
2. Have the auditor working on the final letter of opinion, late August (Depending on how quick CHUM pays)
3. Dozens of projects are still being promoted
4. A project in the US is close at hand
5. Funding for the aquistion is almost in place - while secured lenders still negotiate
6. A press release out lining all this will be coming in the near future
7. Once all that is complete, they will call the AGM in October

[TheGambler24]

Thanks for the update...better news than I was expecting

[Bigswede]

With all of this in the works, any idea of earliest we could be trading again?

[vinc1712]

i'd guess a month minimum and max october before AGM. spoke with john in june and i'm confident about the futur of sofame! GLTA

[Bigswede]

Sounds positive anyway... thanks

[canyousay]

The track record against set expectations is not stellar.

[Xstorm2]

Indeed. I plan on a follow up, if we do not here anything shortly. A couple weeks was mentioned, when I posted the update. It sounds like a deal is on the verge of being signed, to aquire the company they had in mind, then the same lender, aquires Sofame. Just as the previous poster had mentioned, 110158 was the user name. Noticed some positive activity on QEDN this week to. They are still trying

[vinc1712]

I dont think that QEDN will find any $$$. a lot more confident about our FracHeater and the acquisition deal! will see!

[canyousay]

The best you can hope for is a fighting chance. I don't think the company is in a negotiating position to do any deals at a premium valuation to where the stock was halted. I am guessing more pain initially before seeing any gains. But it's not like you can do anything but wait. GL.

[vinc1712]

we have 3 things to negociate: 1) all the loss we had in the last years can be transfered to the new company, so they ll save on tax (worth of about 5mm) 2) our technology (brevet...i dont know in english...) 3) and our frac heater GL 

[canyousay]

It all depends who needs who more and of course, everything has a price. I don't think Sofame is in a strong negotiating position so for that reason having a fighting chance is a positive start.