First let me say that I have been burnt badly by SEN.
The Galbally Lunt Capital Raising debacle cost me a lot of money.
I predicted the board reshuffle well before it went ahead, and I presently predict another reshuffle when Galbally is asked to leave. ASIC and ASX investigations are presently going on, and Galbally's time is limited.
Now, let me say what I think about this announcement.
Even though this announcement doesn't say much in terms of actual revenue, it speaks volumes about the present direction of the company. DuBois is essentially saying, "I'm building this company from the ground up - i'm starting a fresh, giving new timelines, pursuing new revenue streams and trying to rebuild".
As has already been pointed out, the $10 million figure is the revenue stream foreshadowed as a result of selling Safenet products - as far as I'm aware, until now it has been only Safenet selling SEN products.
I will be holding as I have too much invested (emotionally) in this stock to sell out.
My long term prediction is that within a year, we will be back at the 60 cent region.
Good luck to holders.
Jiggy was right previously, I wonder what he'll say now.
SEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
