1. Price to sales: 0.5 x sales
As of November 30th, 2009 (Q3 2010) Serenic had 15.19 million shares
outstanding. The price as of April 26th, 2010 was $0.36 This gives The Company a market capitalization of $5.47 million. Sales in the trailing four quarters totaled $10.94 million.
2. Cash to Market Cap: 57%
As of Q3 2010, Serenic’s reported cash and short term investments totaled $3.11 million. The Company’s market cap, as of April 26th, 2010 was $5.47 million.
3. Debt to market Cap: 0%
As of Q3 2010 The Company’s reported long term debt was zero
4. Trailing Three year growth rate: 8.2%
Sales totaled $7.50 million in 2006. The sales grew to $9.33 million in 2009.
5. Enterprise Value to Sales: 0.21%
Enterprise Value as of Q3 2010 is $2.36 million, based on a
market cap of $5.47 million plus zero long term debt, minus cash
and short term investments of of $3.11 million. Sales for the trailing four quarters totaled $10.94 million.
All financial information about Serenic is gleaned from
their filings with the System for Electronic Document Analysis and
All calculations are based on The Company’s closing share price as of
close April 26th, 2010: $0.36
Sales from trailing four quarters: $10.94 million
Cash and short term investments as of February 28th, 2010: $3.11 million
Shares outstanding: 15.19 million
All principals of Dollarton Venture Capital own Serenic stock. On November 24, 2009 Serenic renewed its investor relations agreement with DVC.
Press release: Nov 24, 2009
Serenic Renews Investor Relations Services Agreement With Dollarton Venture Capital and Grants Stock Options to Dollarton and Officers of Serenic
EDMONTON, ALBERTA–(Marketwire – Nov. 24, 2009) – Serenic Corporation (the “Corporation” or “Serenic”) (TSX VENTURE:SER), an international software developer specializing in integrated financial management and HCM solutions for Non-Profit organizations, government agencies, and Microsoft Dynamics NAV users announced today the continued engagement of Dollarton Financial Services (“Dollarton”) to provide investor relation and corporate communication services to the Corporation, as well as the granting of stock options to Dollarton and officers of the Corporation.
Based in North Vancouver, Dollarton specializes in assisting private and public Canadian companies with an array of services, such as corporate communications, professional management and investor relations services. The principal of Dollarton is Nick Waddell. During the 12-month term of the agreement, Dollarton will be compensated with a monthly retainer fee of $3,600 (three thousand six hundred dollars) and 135,000 (one hundred and thirty five thousand) options to purchase Serenic shares. As authorized by the Board of Directors of the Corporation, the options have an exercise price of $0.40 and shall vest in equal quarterly amounts on February 23, 2010, May 23, 2010, August 23, 2010 and November 23, 2010. Options not exercised by Dollarton shall expire on November 23, 2010. Shares acquired on exercise shall be subject to a 4 month hold period. Pursuant to the terms of the agreement, either party may terminate the agreement or alternatively change the scope of services to be provided by Dollarton upon 30 days advance notice. In the event the agreement is terminated prior to November 23, 2010, unexercised options which have vested shall expire 30 days after the agreement has been terminated.
The Corporation also granted 25,000 stock options to each of Paul Johnston and David Tam, who are the CFO and Secretary, respectively, of the Corporation. These options were granted as officer compensation, are exercisable at $0.30 per share, will vest as to one third (1/3) annually on the anniversary date of the grant and will expire in five years if unexercised. All of the stock options issued issued to Dollarton and the Officers of the Corporation have been issued in accordance with policies of the Corporation’s stock option plan and the TSX Venture Exchange.