Today sees another PR fluff release from SEN. Interesting that...

Today sees another PR fluff release from SEN.

Interesting that they put the news release out BEFORE they have exchanged final contracts. When you are dealing with SE Asia, India and the Middle East it pays to have the ink dry on a contract before you trot off assuming something will happen.

I note SEN says the sales cycle is six to nine months, so if indeed they do ink a contract they see nothing happening short term.

SEN also says they shipped an unspecified (but probably more than one) high speed encryptor to Jordan in January.

Strange they didn’t mention that in January if they were interested in continuous disclosure.

But then again if it is not material they don’t have to announce in any case, so it’s probably small (but perhaps desperate) fish.

Wonder if they have been paid by Jordan yet and what local costs they have to pay in-country agent/s to facilitate a sale there?