Good news indeed. Insiders buting is always positive

So, Insiders put-in another $1.6 Million of their own dollars. The breakdown of who bought how many will be available on SEDI in a few days. This bodes well for the Company (yeah, yeah, I know, "but they got in so cheap this time!"...Well SO CAN YOU!)

Anyway, to have insiders pull out their wallets and buy Another $1.6 Million worth, after all the times they've already invested, and after all the turmoil of recent events, this really, really speaks volumes as to where they really believe this Company is heading...Finally.

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Spectra7 Announces Closing of First Tranche of Private Placement of $10.7 Million and Completion of Amendments to Existing Debentures to Permit Forced Conversion

https://money.tmx.com/quote/SEV/news/5336461591220509/Spectra7_Announces_Closing_of_First_Tranche_of_Private_Placement_of_107_Million_and_Completion_of_Amendments_to_Existing_Debentures_to_Permit_Forced_Conversion

There you go.

Spectra7 Announces Closing of First Tranche of Private Placement of $10.7 Million and Completion of Amendments to Existing Debentures to Permit Forced Conversion

https://money.tmx.com/quote/SEV/news/5336461591220509/Spectra7_Announces_Closing_of_First_Tranche_of_Private_Placement_of_107_Million_and_Completion_of_Amendments_to_Existing_Debentures_to_Permit_Forced_Conversion

Now imagine if they did it this way when share price was at .55 to .60 or this many shares when it was at a $1 or more?

I'm sure it will close, probably hear something tonight or Monday morning. I wish it would have been sold, oh well. Looking forward to see who bought in.

Good luck to you hospital's are never fun

I am at the cancer clinic getting my rCHOP. Would prefer reading a specta7 conspiracy theory.

Sure, no problem. Also, I came up with an analogy, silly as it may seem, that might help others see why they wouldn't put out a press release for the Private Placement closing before the Debenture Amendment closing.

It goes a little something like this:

Let's say you are flying-in to a nearby airport and you need an Uber ride to pick you up, but you opted for the Premium Luxury Car Uber service, so you had to schedule it in advance, just to make sure the car will be near the airport when you arrive. So, now you have this Uber car waiting for you in the designated waiting area for ride service cars, which is about a three-minute drive from the Arrivals door where you want to be picked-up.

The Uber driver tells you that he has your Flight Schedule, so he knows when you are scheduled to land; he asks you to text him as soon as you arrive, so that he can make the quick drive over to the Arrivals area to get you. You agree to text him when you are ready, but you explain that, even though the flight is exactly on time, you still have to head over to the Baggage Claim to grab your luggage, and that you will text him as soon as you are ready to be picked up.

He reluctantly agrees, but still suggests you text him as soon as you arrive at the terminal so that he can start driving over.

Now, here's the part that relates to our current events going on with Spectra7, with relatable events shown in parentheses:

You've told the Uber driver that there are two things that must happen (PP and Debenture Amendment) before he can pick you up (Press Release stating closing of both), but the Uber Driver wants you to text him (put out a Press Release) as soon as you arrive (once PP closed). You tell him you must go to Baggage Claim first (Close the Debenture Amendment) and that you will then text him (Company shall issue further press release once the Debenture Amendment is finalized).

The Uber driver reluctantly agrees (still wants to hear about the PP closing separately) and suggests you still text him as soon as you arrive (still expects separate Press Release for PP closing, even though the Debenture Amendment has not yet been finalized). You end the call by saying that you'll see him soon, but you know you have already explained to him that this is a two-part event, both landing on time, and going to Baggage Claim, so you stick to your own plan of just waiting to text him after both of your events are done (PP closing and Debenture Amendment getting finalized).

So there we have it:

It would be Really strange to put out a press release once Half of the events have been finalized, only to have to put out another one once the other Half is done. That's why they very clearly stated "The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."

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Thanks for taking the time to research and write out your thoughts.

I assume there are other things happening behind the scenes to which we can only speculate about. I expect organizational changes, specifically tightening internal financial controls.

The more I read it, the more it makes perfect sense how they are going about the releases.

It would be really odd to announce the closing of the Private Placement, and then leave open the result of the Debenture Amendments, for which it was very clearly stated that it would take a little additional time:

"The Proposed Debenture Amendments are subject to approval by the TSXV, formal approval from the holders of the requisite principal amount of the debentures, and the finalization of supplemental indentures."

And if there is still any doubt about why we are waiting to hear that the PP already closed, I will point you once again to this ever-so-clear statement:

"The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."

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Actually I was hoping that it was delayed cause a white knight came in to save us from huge dilution and offered and nice sum for the entire company.

"The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."

They are two separate events that lead to one and the same conclusion, but they do Not close at the same time.

The Private Placement very well may have closed yesterday, and the Debenture Amendments may take a few day or more. When they are Both done, then the Restructuring will be complete.

So, I ask you in return: Why announce the closing of the PP, One Half of the elements needed, and then announce the closing of the Debenture Amendments later when they are both needed to complete the restructure?

Imagine getting the announcement that the PP closed, yet having to wait again for the other announcement to see the entire deal finalized. Now that would be a bit strange.

They very well may announce them separately, but it makes complete sense to wait until they are both done to make the announcement.



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Fair points future but why not say close within say 2 weeks,why say on or about may 8 when that was never going to happen.

Another observation. In Monday's press release, they stated:

"The Company shall issue a further press release once the Proposed Debenture Amendments have been approved and finalized."

This was a two-part transaction; a private placement and a debenture amendment. They stated that the PP would close on or about the 8th, and they stated they will issue a further press release once the debenture amendments have been finalized.

We may very well simply have to wait for that before they issue a release that would be just for the PP.

Again, this was a very complex transaction with many parties all agreeing to it prior to Monday's release. We may just have to wait until they finalize it all.

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Yes, thank you for the correction. This was an extremely complex transaction, with Debenture Holders, Private Institutions, and Insiders all agreeing to a Complete Restructuring of Capital, and Eliminating All Outstanding Debt. They announced it on Monday and said it could close as early as Wed.

There is No Way this complex arrangement could have been agreed to by all parties in less than two days.

This was agreed to by all parties at least last week if not earlier. Whatever is taking the extra time is likely formalizing paperwork and/or an increase in the amount.

Yes, it's frustrating to wait, but if that's what it takes then that's what it takes.
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On or around Wednesday , May 8th not May 7th.

Difference between the last, pathetic raise attempt and this one:

The last raise was announced by Raouf Halim as a "modest" PP expected to close "sometime" in March, with no terms disclosed. They have never presented previous raises in that way.

This recent announcement, made by Ron Pasek, stated very clearly the terms of the raise, including a very complex full restructuring of the company's capital, and it was said that it will close "on or about" May 7. That term, "on or about" is very common from thousands of companies doing PP's, and the "about" part happens frequently where the closing is a couple of days later than initially anticipated.

In the past, when Spectra7's earlier raises closed late, it was always due to an increase in the amount, which in turn was due to it being oversubscribed.

There is no way to close the very complex raise they announced on Monday in just two days. This raise has been in the works for at least a couple of weeks, with all parties already having agreed to the complex terms.

The Wed. May 7 closing date, just two days after the announcement, was a formality announcement. Everyone on this particular raise already committed to their part of it.

That fact that it did not close on the 7th (it is NOT late, by the way, as they stated "on or about,") suggests there may again be a increase taking place.

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I had an order in this afternoon for .125 just a couple of thousand shares to see if those asking .13 would move and they didn't.

As I said before, once bitten, twice shy....I think most want to see it closed before committing, they would be happier to pay .13, .14, .15.... and be sure then get another surprise.

And don't forget ,it filling at 10 cents means regular retail at today's close will only have to kick in 2.5 cents extra then the big boys yet nobody is buying I wonder why.
Thoughts

The market was holding 60 cents for 5 weeks solid before the horrendous announcement that the PP would not be filled

Somehow with an 80% discount to that 60 cents I would think they will fill this PP no problem

Guess we'll all just have to wait and see though

What if it closes UNDERSUBSCRIBED?

just like the last one, I bet SEV couldn't get into this one either.

I'll bet this is oversubscribed, hope to get the closing news release today

I think that they are waiting for it to close. once bitten twice shy.....

Say what you will about potential revenue, until it happens its just a guess.
If it was a dead cert once the 10 million lifeline hit it should have started to rebound.
Big question mark hovers still

You are asking the oracle as he will write up a story about the why he can’t share it here but it’s a great story. Drum roll please

You are asking the oracle as he will write up a story about the why he can’t share it here but it’s a great story. Drum roll please

I liked the storyline, but today the volume was non-existent, in Canada 23k and in US not even 1k shares today, so explain why nobody is buying the Bid /Ask in the US all day was like .09x.10 and nobody seemed to care enough to grab some of these shares, strange, maybe people are waiting for the PP to close

Future and I know that Nvidia probably will be the new majority owners here.

he missed us

A Thought:

Those who post on stock forums saying that the PPS will move UP are actually (usually) NOT your friends. They want to SELL, so they want the shares to stay strong by getting YOU to buy while they sell.

Those who say the stock will DROP are the ones who want to BUY MORE, therefore providing support for longs.

Quite ironic, actually

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=65150092

WORDS OF WISDOM FROM FUTURE WRITTEN ON SAvHAT. SO WHY IS HE PUSHING THIS STOCK SO HARD

Well thought out post,thanks for taking the time

Well thought out post,thanks for taking the time

OK, let's try this another way.

Example: Company A is a private company seeking venture capital to get to a position where it starts selling product. The Founders/Owners own 100% of the private shares (yes, private companies can an do have "shares" allotted within their structure). At this time, they have 100 million private shares approved and ready to sell. Now, the owners meet with private investors/venture capital partners. The company sells 10 million shares in Round 1 of their private funding.

A bit later, Company A needs more cash. They sell 20 million more of the 100 million shares in Round 2.

By round three, they have sold 40 million more shares, so now the Founders own just 30% and the private investors own, collectively, 70%.

Now they are ready to go public, but the private investors are not allowed to sell their shares for at least 6 months after the IPO. Company A now offers 20% of the 100 million shares to the public in that IPO.

Here is the very important part: In Round 1, the private investors got their shares for 0.50 each. In Round 2, 0.75 each, and in Round 3, $1 each. The IPO is for $10 a share. The early investors make a killing, once they are finally allowed to sell. Some will sell, but many will hold on for the long term.

The public buys at $10 a share. So, now, the Founders own just 10% of Company A, the public owns 20%, and the rest is owned by a bunch of private investors.

So these bid, bad, evil private investors who own 70% of the Company can do big, bad, evil things to the retail shareholders, right? Because that's what they always do, right?

Wrong.

This is how it works with every private company that eventually goes public, including those big, giant ones like Google, Amazon, etc. The vast majority of these public companies is owned by institutional investors, whom, collectively, have "control."

Does that mean Google, Amazon, etc. retail investors got screwed, because nearly 70% of those companies are owned by big institutional investors?

No, this is how it works.

So try this: Think of Spectra7 Microsystems as a Private company that is about to IPO (Because, in fact, they went public way too soon). So, now, look at it for what it actually is... This little startup that needed all this cash sold the majority of its shares to private investors, and now it's finally ready to go public... BUT WITH ONE BIG, HUGE DIFFERENCE: YOU, the retail investor has the very rare chance to now purchase shares, right now, at the same price paid by these big, bad private investors (Minus warrants, of course, but you get the point). These shares, at 0.10, are what Venture Capital partners would normally pay. BUT YOU CAN GET THEM AT THE SAME PRICE FOR A LIMITED TIME.

Those big, bad private investors bought today because they expect a huge payout down the road (one normally reserved for post-IPO sales) BUT YOU GET TO BUY AT THAT PRICE TOO.

When this finally "IPO's" (starts selling 800G chips en masse) those big, bad private investors will make decisions; some will sell at ten-times profit, some will hold on. BUT YOU CAN DO THE SAME THING.

Yes, yes, I know, Spectra7 is down 99% and people "lost" money. But that's the past. First of all, you didn't lose money if you didn't sell, and if you buy more now, you cab actually still make a fine profit.

Do you see what just happened. In a very rare event in the history of retail stock investing, the regular guy, you and me, have the opportunity to buy shares in a tiny little "private" company for the same price as Venture Capital partners, and that "private" company is about to "go public" when 800G arrives around the corner.

I know some of you will STILL say "We got screwed," but then so did Ron Pasek, the Chairman of the Board, who bought in the several dollar range to the tune of Millions of hos own dollars. The difference is, HE JUST COMPENSATED FOR IT BY BUYING A TON MORE TODAY AT ROCK-BOTTOM PRICES.

The question is, WILL YOU?
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Whoever bought this pp bought the company in essence for 10 million.
They are majority holders thus what they say goes

This is not a modest PP. It is a massive dilution with a financial restructuring.
Call it for what it is.

Easily

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why would you seek input from a poster who was consistently wrong?

What will first orders look like 1 mill 2 mill or more.
That to me will be the test of how adoption should go moving forward.
Big order means big things ahead small order and we are not the leading supplier

Drum droll......

Gary, give up. What an opinion of a drum beater would give you?
We already know we have entered a stage of extreme uncertainty.
The company business contingency is under a big question.

So by Sept 2025 you feel 25 million is attainable,correct

I have been in the acceptance stage for a while now...

So, which stage of grief are we on? https://www.cruse.org.uk/understanding-grief/effects-of-grief/five-stages-of-grief/#:~:text=The%20five%20stages%20%E2%80%93%20denial%2C%20anger,m%20entering%20the%20angry%20stage'.

I did Not say the next 7 months. You lie. I said once 800G orders start, then the next 12 months will produce that figure. Possibly more

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It's your opinion that the next 7 months will produce 25 million.
OK
Bare in mind you felt we would be at $2.00 / share by last Dec.
Hope your right second time around.

Well lets see if it closes today and who bought in.

They did Not put out any such statement. Those numbers you are using came from the Corporate Presentation wherein it states they expect a greater-than 60% compound annual growth rate, and that figure was based on the previous industry-wide anticipation that 800G was going to begin two years ago

They expected a 25 million dollar year with that 800G rollout.

Obviously it didn't happen two years ago, but now 800G is finally here.

So if you want to use the 60 % CAGR, then start at 25 million and go from there.

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Straight out of his backside like every other post.