seems like management is more or less making a loan to the company, they don't want to eat their seed corn. they didn't mention layoffs but these could be announced later. not the greatest p.r. to say the least and they should have mentioned the pay cuts in the p.r. AND posted cash on hand,etc. something most companies do, but they'll never change.
thanks! i'm looking at the SEC site and haven't seen the 10k show up. where are you finding the 10k?
where do you see they are taking pay cuts, isn't like anyone is getting paid a lot compared to industry standards.
found this product description on their website, not sure how long it's been there, under INDUSTRY EXPERTISE, THC OIL SOLUTIONS ONTO MEDIBLES, posted on jan 28,2016
Medical marijuana infused snacks are becoming popular on dispensaries’ shelves in increasing numbers, from medicated brownies and biscuits to medicated cookies, candy bars, gummy candies, and even medicated dried meat snacks. They all provide a convenient alternative to the traditional marijuana vaporization experience, with the ability to control dosage per unit. These medible products can be made in commercial volumes using typical food industry processing equipment with the MMJ active (e.g. THC oil solution) added into the recipe. Another application for THC Oil is in THC transdermal cannabis patches, used primarily for medical marijuana use but more recently provided for recreational us as well.
Sono-Tek’s food grade ultrasonic spray coating systems enhance the quality and uniformity of medical marijuana medibles in a proven, validated manner, while using significantly less of the expensive THC oil. THC dosage can be precisely controlled, and is uniformly distributed across the surface of the snack. In the patented Sono-Tek design, THC oil solution is added in a separate step, following baking. Whether the final dosage is 1mg, 10mg or 100mg, the integrated flow control system guarantees a better than +/- 2% dosage repeatability and a typical +/- 10% deposition uniformity across the surface of the snack. In the case of THC oil coatings for transdermal cannabis patches, this repeatability becomes a very large benefit for manufacturers using Sono-Tek spray equipment to deposit THC, especially since the patch provides a more immediate and often stronger entry into the bloodstream. This makes a very accurate dosing highly desirable. In addition, ultrasonic coating allows the application of THC oil solution as an additive ingredient sprayed onto finished products such as prebaked or off the shelf items,
taxes due Monday, could be the shareholders that got shares as follows selling to pay taxes? If they sell today, funds should be available at least by the 19th, just a wild guess.
Dezenzo Associates, LLC owns 1,084,672 shares of Sono-Tek Corporation’s common stock which represents 7.3% of Sono-Tek’s total outstanding common stock. Dezenzo intends to immediately distribute in-kind all 1,084,672 shares of its Sono-Tek common stock to the members of Dezenzo Associates, LLC, none of whom will then hold more than 5% of Sono-Tek’s outstanding common stock.
Dezenzo Associates, LLC received the 1,084,672 shares of Sono-Tek Corporation common stock from Norwood Venture Corp. as partial consideration for the termination of a financing that Dezenzo had provided to Norwood.
That was a very screwy deal imho, I think NORWOOD got those shares very cheap when SOTK was desperate for financing back in the early 2000's.
amazing what google will find
Sono-Tek ultrasonic spray coating equipment is used in the medical device and food industries. Our systems accurately and uniformly coat THC onto edibles, in a validated, process with a quick ROI.
RIEMER mentioned this app at shareholders meeting, there is a recording on the SOTK WEBSITE, said they had sold 1 system to a beef jerky co. in colorado.
i'm a former youth soccer coach, adult league player and amateur soccer philosopher. seller was probably one of the customers of Dezenzo Associates. you didn't buy those 70,000 shares?
How SmithMidland Streamlines the Design & Build Process
The building process can’t begin without the design process. The architect works with the client, asking what the use of the structure will be, who will be using the facility, and what they want the building to look like. Then they move to budget. The client typically starts with the Taj Mahal, leading the architect to take the client down the path of materials’ cost realization. A university client may envision a beautiful limestone building to house the prestigious engineering department, matched to the limestone structures built on campus 80 years ago, but modern in its interior design and construction. This same client will envision the conversation they will have with their boss if they commission this structure to actually be built in costly limestone.
It’s this point in the conversation that savvy architects introduce their client to Smith-Midland’s line of SlenderWall panels. SlenderWall allows the client to get the Taj Mahal and save money at the same time. Not only is the use of architectural precast virtually maintenance free, but it provides you the freedom to color and texturize your building to get whatever look you are seeking – the limestone on campus, brick on main street, or a sand-stone oasis at home. And because the panels come in different sizes, the architect still has a say in the design of the building, ensuring he can deliver the client’s vision in spades.
this is a very conservative/risk averse company, i have to assume they got a very good deal on this purchase and have planned it well. things got a little more interesting with SMID. No stock was used in the transaction, not sure what one can make of that. they mentioned the j-j hook sale as a possible impetus to close this deal, they had to mfg closer to the customer? :
"On March 27, 2016, the Company executed an agreement to purchase the land, building and fixtures of a facility located in Hopkins, South Carolina for a purchase price of $1,550,000. The facility is located on 39 acres of land and has approximately 40,000 square feet of production space. The closing of the purchase is subject to certain conditions, including a satisfactory appraisal and an environment study. The purchase will be financed by a new 10 year term facility, pursuant to a commitment letter, with the Company's current bank in the amount of $1,240,000 with the balance being provided from the Company's cash resources. It is anticipated that the Company will make payments of approximately $8,000 per month for principal and interest under the loan. The facility and related assets will serve as collateral for such loan. The Company anticipates that the closing, if it occurs, shall occur in 4-6 weeks. Earlier in 2016 the Company signed a contract to provide $3,500,000 of JJ-Hooks Highway Safety Barrier to a single customer located in North Carolina. It is anticipated, should the purchase of the South Carolina facility be consummated, that the product will be produced primarily from that facility. The contract will be provide a profitable start for the new facility$1,000,000 equipmen
These property transfers, filed Feb. 22–28, 2016, were provided by the Clerk of the Court in Fauquier County.
Al-Mara Farm Inc. to Smith-Midland Corporation, 6.02571 acres (owned by Al-Mara Farm Inc. AKA Al-Mara Farms Inc.) conveyed to Smith-Midland Corporation FKA Smith Cattleguard Company Inc. (added to 12.89787 acres) on Route 28 (Catlett Road) as shown on the BLA Plat, $240,000.
wow, they added something to the page. an interview with STEVE ENGLE which has almost nothing in it that is of value to investors except to remind us STEVE ENGLE really really likes his job and SOTK. well, i guess better than nothing. but why replace the most useful IR info, a link to the audio from the last shareholder's meeting where RIEMER mentions selling a system for spraying THC on beef jerkey - that info only found in that recording - with that piece of fluff? does it really matter? no it doesn't, just venting at imho is a new low in their IR effort. good intentions doesn't count.
LOL, your're asking for a lot DAVE. I'm not going to recommend buy or sell but suffice it to say there is one large shareholder that thinks they are going a lot higher than today's price, i assume they are hoping for a buyout. I'm referring to Emancipation Management LLC which owns about 15% of SOTK. Of course not good if they have to dump the shares. If they are putting pressure on SOTK to improve their I.R. i can't see it.
kind of strange that one 71,000 trade today didn't change the price so i think Emancipation Management LLC might still be accumulating. Minus this oddity that this one fund owns so many shares plus no insiders selling in the last 30 days, imho were're all shooting in the dark about where this share price is going along with investing in a crazy market.
if you sold today you'd have your gain and you wouldn't be bugging me!!! LOL
10K is out in middle of MAY.