New Risk • Nov 09
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$147k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$147k free cash flow). Share price has been highly volatile over the past 3 months (84% average weekly change). Negative equity (-CA$718k). Earnings have declined by 32% per year over the past 5 years. Revenue is less than US$1m (CA$14k revenue, or US$10k). Market cap is less than US$10m (CA$1.71m market cap, or US$1.22m). Announcement • Aug 01
Blue Horizon Global Capital Corp. announced that it expects to receive CAD 0.5 million in funding Blue Horizon Global Capital Corp announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.05 per Unit for gross proceeds of CAD 500,000 on July 31, 2025. Each Unit will consist of one common share of Sensor and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Corporation at a price of CAD 0.05 for a period of 2 years following the closing date of the Offering. Each Unit will consist of one common share of Sensor and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Corporation at a price of CAD 0.05 for a period of two years following the closing date of the Offering. The closing of the Offering is subject to all necessary regulatory approvals. The securities being issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws. Announcement • Jul 10
Blue Horizon Global Capital Corp. (CNSX : BHCC) signed a letter of intent to acquire 15% stake in C2 Technology Innovations Ltd. for CAD 30 million. Blue Horizon Global Capital Corp. (CNSX : BHCC) signed a letter of intent to acquire 15% stake in C2 Technology Innovations Ltd. for CAD 30 million on July 7, 2025. The acquisition will be structured in three tranches. The initial 5% ownership interest will be paid with CAD 10 million through the issuance of common shares. An additional 2.5% ownership interest will be paid with CAD 5 million through a secured convertible debenture. The remaining 7.5% ownership interest will be paid up to CAD 15 million in cash.
The transaction is subject to customary closing conditions, including due diligence investigations satisfactory to both parties, and may require shareholder and regulatory approvals, including that of the Canadian Securities Exchange. Prior to the completion of the acquisition, Blue Horizon Global Capital Corp. and C2 Technology Innovations Ltd. will negotiate and enter into a definitive share exchange agreement. Buy Or Sell Opportunity • Oct 30
Now 55% undervalued The stock has been flat over the last 90 days, currently trading at CA$0.005. The fair value is estimated to be CA$0.011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 125%. Buy Or Sell Opportunity • Sep 24
Now 55% undervalued The stock has been flat over the last 90 days, currently trading at CA$0.005. The fair value is estimated to be CA$0.011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Earnings per share has declined by 125%. Buy Or Sell Opportunity • Sep 04
Now 55% undervalued The stock has been flat over the last 90 days, currently trading at CA$0.005. The fair value is estimated to be CA$0.011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Earnings per share has declined by 125%. Board Change • Aug 12
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director Alex MacKay was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 24
Blue Horizon Global Capital Corp. announced that it expects to receive CAD 1 million in funding Blue Horizon Global Capital Corp announced non-brokered private placement to issue 2,500,000 units at a price CAD 0.40 per unit for gross proceeds CAD 1,000,000 on January 24, 2024. Each Unit shall consist of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one common share of the Company at a price of CAD 0.50 per Warrant Share for a period of 24 months following the date of issuance. The transaction is subject to all necessary regulatory approvals. The securities being issued in the private placement will be subject to a four-month and one day hold period in accordance with applicable Canadian securities laws. Announcement • Jan 05
Blue Horizon Global Capital Corp. Appoints Philip Wong as the New Chairman Blue Horizon Global Capital Corp. announced the election of a new Chairman of the Board, effective December 28, 2023. After a thorough and rigorous selection process, the Board of Directors welcomed Mr. Philip Wong as the new Chairman. Philip brings a wealth of experience and expertise in finance and investment management, making him well-suited to lead the board during this exciting phase of BHCC's growth. Philip has been an integral part of company's success. His leadership and strategic vision have contributed significantly to the company's achievements, and the Board has full confidence in his ability to guide the company towards continued success in the future. Philip will continue to play a crucial role as a member of the Board. The company expresses its sincere gratitude for his dedicated service, leadership, and invaluable contributions during his tenure as Chairman. CEO Philip Wong leverages his extensive capital market experience to spearhead Blue Horizon's strategic direction. His background positions the company to access fundraising channels for targeted investments, promising sustained value for shareholders. Under Wong's leadership, Blue Horizon will rigorously evaluate investments on a fair value basis, aiming for sustained value creation. New Risk • Dec 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 73% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$71k free cash flow). Share price has been highly volatile over the past 3 months (94% average weekly change). Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.44m market cap, or US$4.86m). Announcement • Aug 15
Sensor Technologies Corp. Announces Directorate Changes Sensor Technologies Corp. announced that Ms. Maria Diaz has resigned as a director of Sensor. Mr. Brian Grieve has been appointed director of Sensor. Mr. Grieve is an experienced IT professional and the founder and Chief Technology Officer of Cloudpipe Inc., a "technology-centric" consulting firm specialized in helping organizations achieve excellence in software quality assurance and software development by applying its thought leadership, a dedicated workforce, and innovative technology solutions. Mr. Grieve has over 30 years of proven expertise in systems analysis, showcasing an unparalleled ability to unravel intricate technical and operational challenges swiftly. He possesses a Master of Business Administration from MIT Sloan School of Management, specializing in Artificial Intelligence and Business Strategy, a Bachelor of Commerce, Information Technology and a Bachelor of Applied Science (B.A.Sc.) in Computer Science with a minor in Physics. New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (87% average weekly change). Revenue is less than US$1m (CA$91k revenue, or US$68k). Market cap is less than US$10m (CA$3.87m market cap, or US$2.91m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.0% increase in shares outstanding). Announcement • Jul 01
Sensor Technologies Corp. announced that it expects to receive CAD 0.5 million in funding Sensor Technologies Corp. announced a non-brokered private placement and will issue up to 25,000,000 common shares at an issue price of CAD 0.02 per common share for gross proceeds of up to CAD 500,000 on June 30, 2023. The securities being issued in the transaction will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Announcement • Jun 09
Sensor Technologies Corp. Announces Board Elections Sensor Technologies Corp. at the AGM held on June 07, 2023, approved the election of Philip Wong and Maria Diaz as directors of the Company. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Alex MacKay was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 01
Sensor Technologies Corp. announced that it has received CAD 0.53 million in funding On June 30, 2022, Sensor Technologies Corp. closed the transaction. The company has issued 10,600,000 units at a price of CAD 0.05 per unit for aggregate gross proceeds of CAD 530,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to thereof to acquire one common share at a price of CAD 0.08 per warrant share at any time until June 27, 2024. All securities issued pursuant to the offering are subject to a statutory hold period of four months and one day. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Alex MacKay was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Director Overboarding • Aug 17
Director Jacinto Victor Da Vieira has joined 3rd company board Director, President & CEO Jacinto Victor Da Vieira has been appointed to the board of ZEB Nickel Corp. (TSXV:ZBNI). Vieira now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Sensor Technologies Corp. (CNSX:SENS), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Announcement • Jun 28
Sensor Technologies Corp. Auditor Raises 'Going Concern' Doubt Sensor Technologies Corp. filed its Annual on Jun 15, 2020 for the period ending Dec 31, 2019. In this report its auditor, Wasserman Ramsay, gave an unqualified opinion expressing doubt that the company can continue as a going concern.