Silanis Share Discussion Threads

[bill182] 30/3/2011 17:28

According to the Silanis website, they have secured 6 new contract wins since the start of the new trading year in January. Given that the revenues in the second half of last year were circa $4m, and the positive outlook reported in the results for this year, there is a good chance they could equal the revenues of $8.5m achieved in 2006. Those sales in 2006 produced a net profit of $2.8m.

If we assume a $2m dollar profit for this year and apply a p/e ratio of 12, this would equate to a share price of 18p. Given the sector in which the company operates in and the growth potential, I feel there is tremendous upside from here.

[bill182] 30/3/2011 08:23

Results out.
A very positive set of results, with H2 revenues up 62% and profitable in the second half. Outlook extremely positive.


"As a company, the start to 2011 is the busiest in our history. Our monthly web seminars are seeing among the highest registrant numbers ever. Interest in our upcoming e-Signature summit for banking executives has surpassed expectations, requiring us to change venues to the New York Stock Exchange to accommodate the demand. Complementing this robust level of activity, our industry leadership position is being recognized by the market. I am proud that in January and February of 2011, Silanis won two back to back industry awards: the IBM Lotus Award for Business Transformation through Cloud Computing, and the prestigious 2011 Beacon Award for Best Insurance Industry Solution.

After the strong finish to 2010, we believe a sustained pattern of growth is emerging. Based on contracts currently in negotiation, and supported by a strong pipeline of prospects, I am confident that 2011 will see Silanis continue to grow. We will continue to announce major contracts closed, as this is the best measure of our progress. Meanwhile, we will continue to make strategic investments both in research and development and to further our success with partners.

This is an exciting time for Silanis, and I will continue to share news of our progress this year."

[bill182] 23/3/2011 16:23

more good news from the Silanis website: Silanis e-signatures chosen for leading SaaS-based, end-to-end e-contracting platform Montreal, QC, March 18, 2011 - Silanis Technology today announced that its e-Sign Enterprise Platform solution has been selected to provide advanced electronic signature process management capabilities for the IOCS e-contracting platform. As a multi-tenant e-commerce SaaS for the processing of complex agreements, IOCS enables retailers, lenders, and insurers to quickly move to paperless processing of consumer applications, while ensuring compliance with the strictest industry regulations and capturing the strongest legal evidence. "As a UK-based solution provider, we made it a top priority to deliver our clients a secure and compliant, e-contracting service that meets the strict Consumer Credit Act (CCA) regulations in the UK," said Abe Smith, CEO of IOCS. "We chose the e-Sign Enterprise Platform from Silanis after an analysis of 25 leading solutions, because of its unique ability to meet complex business requirements, the strength of the legal evidence captured by the solution, and its proven track-record at top-tier financial services and insurance organizations." In the past, companies looking to transition to paperless processing had to build or buy many different solutions or services, from online application to eID, anti-fraud, document generation, e-signatures and storage, and then integrate the components into their core systems. The end-result often proved to be expensive, slow to implement, inflexible, and of questionable legal enforceability. IOCS, on the other hand, provides clients with a modular, cloud-based SaaS platform that incorporates all of the components needed to facilitate the automated, inter-party execution of enforceable complex agreements. The Silanis e-Sign Enterprise Platform is responsible for orchestrating the transaction process in compliance with all business, legal and regulatory requirements during the document presentation, review and signing stages of the process, as well as recording the web process from start to finish to provide even stronger legal evidence than is possible using pen and paper. IOCS works with a number of leading retailers and financial service providers. For example, one global provider of financing solutions operating across multiple product lines uses IOCS to automate B2C financing for their retail partners. Using the service enables them to decrease application processing time from days to minutes, and to eliminate the cost of printing, delivery, error checking, scanning and data entry. One of the world's largest consumer electronics retailers is working with IOCS to offer instant electronic financing solutions both in-store and online. Advantages to the retailer include higher take-up rates, higher acceptance rates and higher completion rates.

[bill182] 02/3/2011 18:53

Another contract win:

Florida law firm redefines client service with Silanis' online electronic signature service

Montreal, QC, March 2, 2011 - Gunster, one of Florida's oldest and most experienced commercial law firms, is taking customer service to the next level, says Silanis - the electronic signature provider for 21st Century, Liberty Mutual, the US Army and many other leading financial services and government organizations. Gunster has begun using Silanis' e-SignLiveTM electronic signature service to give its clients the ability to electronically sign documents at any time and from any location in the world.

Moving signing processes to the web enhances Gunster's already innovative extranet site, which gives clients easy, instant access to key business files. Based on initial client reaction, the law firm predicts that electronic signatures will be a technology its clients and 165+ attorneys will not be able to live without.

"Given the current economic climate, our clients have become more value conscious," says Robert Arzonetti, Gunster attorney. "By using Silanis' e-SignLiveTM with our extranet site, our clients can sign important business agreements quickly and securely, giving them an important competitive edge in today's economy."

Subscribing to Silanis' e-SignLiveTM will also help Gunster eliminate the costs and long wait-times associated with hand signing by eliminating the need to ship large volumes of paper back and forth to clients who can be scattered throughout the world.

Gunster has 18 practice areas, spanning from construction to immigration to private wealth services with 165+ attorneys across 8 offices in Florida. Its corporate group recently ran a pilot of e-SignLiveTM with its end-user agreements, which give Gunster permission to post their clients' documents online. Within days, Gunster clients themselves were recognizing the tremendous potential for Silanis' cloud-based software.

"The first client who used e-SignLiveTM is already requesting that we set it up so they can use it to sign their company minutes," says Arzonetti. "Instead of having to use email and wait for directors, who are often in different time zones, to print, sign, scan and resend the documents, it would be more efficient to just put the minutes in the e-SignRoom and have everyone sign them there."

In the future, Gunster hopes to roll out Silanis e-SignLiveTM across all its practice areas, using it for a wide variety of legal applications. Currently, agreements such as documents of incorporation and M&A documentation can literally take up shelves and shelves of space. By moving documents and signing processes online, the firm can eliminate the need for expensive office space. And by archiving legal documents electronically, Gunster will be able to retrieve them faster in the future.

Arzonetti noted that Gunster brought the same level of due diligence to its selection of Silanis' e-SignLive as it does to its well regarded law practice.

"We approached our selection of an e-signature software with intense scrutiny," says Arzonetti. "The fact that Silanis has partnered with IBM for its e-SignLive online signature service gave us a lot of confidence in the solution. We were also very impressed with how easy it was for our clients to use and the fact that it records all web pages and documents as part of the e-signing process."

Silanis' e-SignLiveTM records the entire web process from start to finish, including all web pages and documents that were presented to users, how long signers spent reviewing information, and all actions that were taken, creating an audit trail that provides much stronger legal evidence than is possible with traditional pen and paper processes.

About Gunster
Established in 1925, Gunster is one of Florida's oldest law firms. Today it is a vibrant, forward-thinking firm of 165+ attorneys working within 18 networked practice areas, and operating in eight offices around the state. Gunster's 18 practices address the many facets of business: Banking and Financial Services; Business Litigation; Corporate; Environmental and Land Use; Immigration; International; Labor and Employment; Leisure and Resorts; Private Wealth Services; Probate, Trust and Guardianship Litigation; Real Estate; Securities; Tax; and Technology and Entrepreneurial Companies.

True to its mission to be Florida's law firm for business, Gunter keeps its finger on the pulse of Florida's business climate, and continually strives to provide its clients with cutting edge, practical solutions that will add maximum value to their businesses.

About e-SignLive
Silanis' e-SignLiveTM is a subscription-based cloud service, which is integrated with the IBM LotusLive platform to combine electronic signature capabilities with online collaboration and business networking. Its e-SignRoom component enables multiple documents to be reviewed and signed electronically by multiple people, while also giving business process owners real-time visibility into time-sensitive e-signing activities in order to monitor who has signed what documents and when.

[bill182] 02/3/2011 18:52

Yet another contract win. From Silanis website:

Florida law firm redefines client service with Silanis' online electronic signature service

Montreal, QC, March 2, 2011 - Gunster, one of Florida's oldest and most experienced commercial law firms, is taking customer service to the next level, says Silanis - the electronic signature provider for 21st Century, Liberty Mutual, the US Army and many other leading financial services and government organizations. Gunster has begun using Silanis' e-SignLiveTM electronic signature service to give its clients the ability to electronically sign documents at any time and from any location in the world.

Moving signing processes to the web enhances Gunster's already innovative extranet site, which gives clients easy, instant access to key business files. Based on initial client reaction, the law firm predicts that electronic signatures will be a technology its clients and 165+ attorneys will not be able to live without.

"Given the current economic climate, our clients have become more value conscious," says Robert Arzonetti, Gunster attorney. "By using Silanis' e-SignLiveTM with our extranet site, our clients can sign important business agreements quickly and securely, giving them an important competitive edge in today's economy."

Subscribing to Silanis' e-SignLiveTM will also help Gunster eliminate the costs and long wait-times associated with hand signing by eliminating the need to ship large volumes of paper back and forth to clients who can be scattered throughout the world.

Gunster has 18 practice areas, spanning from construction to immigration to private wealth services with 165+ attorneys across 8 offices in Florida. Its corporate group recently ran a pilot of e-SignLiveTM with its end-user agreements, which give Gunster permission to post their clients' documents online. Within days, Gunster clients themselves were recognizing the tremendous potential for Silanis' cloud-based software.

"The first client who used e-SignLiveTM is already requesting that we set it up so they can use it to sign their company minutes," says Arzonetti. "Instead of having to use email and wait for directors, who are often in different time zones, to print, sign, scan and resend the documents, it would be more efficient to just put the minutes in the e-SignRoom and have everyone sign them there."

In the future, Gunster hopes to roll out Silanis e-SignLiveTM across all its practice areas, using it for a wide variety of legal applications. Currently, agreements such as documents of incorporation and M&A documentation can literally take up shelves and shelves of space. By moving documents and signing processes online, the firm can eliminate the need for expensive office space. And by archiving legal documents electronically, Gunster will be able to retrieve them faster in the future.

Arzonetti noted that Gunster brought the same level of due diligence to its selection of Silanis' e-SignLive as it does to its well regarded law practice.

"We approached our selection of an e-signature software with intense scrutiny," says Arzonetti. "The fact that Silanis has partnered with IBM for its e-SignLive online signature service gave us a lot of confidence in the solution. We were also very impressed with how easy it was for our clients to use and the fact that it records all web pages and documents as part of the e-signing process."

Silanis' e-SignLiveTM records the entire web process from start to finish, including all web pages and documents that were presented to users, how long signers spent reviewing information, and all actions that were taken, creating an audit trail that provides much stronger legal evidence than is possible with traditional pen and paper processes.

About Gunster
Established in 1925, Gunster is one of Florida's oldest law firms. Today it is a vibrant, forward-thinking firm of 165+ attorneys working within 18 networked practice areas, and operating in eight offices around the state. Gunster's 18 practices address the many facets of business: Banking and Financial Services; Business Litigation; Corporate; Environmental and Land Use; Immigration; International; Labor and Employment; Leisure and Resorts; Private Wealth Services; Probate, Trust and Guardianship Litigation; Real Estate; Securities; Tax; and Technology and Entrepreneurial Companies.

True to its mission to be Florida's law firm for business, Gunter keeps its finger on the pulse of Florida's business climate, and continually strives to provide its clients with cutting edge, practical solutions that will add maximum value to their businesses.

About e-SignLive
Silanis' e-SignLiveTM is a subscription-based cloud service, which is integrated with the IBM LotusLive platform to combine electronic signature capabilities with online collaboration and business networking. Its e-SignRoom component enables multiple documents to be reviewed and signed electronically by multiple people, while also giving business process owners real-time visibility into time-sensitive e-signing activities in order to monitor who has signed what documents and when.

[2magpies] 02/3/2011 16:55

Interesting price action over the last 2 days.

Moving briskly on fairly small buys.

Can't imagine what will happen if a BIG buyer makes a move!

[billbyrne] 25/2/2011 08:57

bill182

Thanks for your reply. The shares over the past 3 years have been as low as
8p and not much higher than 18p so I don't think they are that cheap at the moment. They have been in this range because the company has not made the progress that it should have. imho

I believe the company has the right product but they need to show they can make a profit from it, so far they have not been able to do that.

I am looking forward to the results, hopefully they will give me enough
confidence to reinvest.

[bill182] 25/2/2011 07:51

billbyrne, I can understand your concern, and I believe it is for this reason the shares are trading where they are at the moment. However, the key for me is the change from a licensing arrangement to a pay as you go service for some/many users. This, in my opinion will lead to much better returns in the medium to long term.
As I have said previously, I do not expect any dramatic change to the financial's when they are reported shortly, but I believe they will demonstrate a return to profit in the current financial year.

[billbyrne] 24/2/2011 20:22

bill182

First let me say I have been a shareholder in the past but am currently out.
I have followed the story since exiting and am waiting with a view to reinvest.

I am not sure it is that time yet though, the reason I say this is because of
the outlook given by the company in the interims,

Outlook

As we adapt to a changing market, we will continue to use our competitive
advantages and considerable financial resources to build, market, sell and
deliver solutions with an eye firmly fixed on long-term value creation. Where
appropriate, we will consciously forego short-term revenue in exchange for
long-term growth and stability. We will continue to measure our success by the
number of new customers added and growth in market share, and not just outright
dollars of initial license revenue. We believe this strategy is attuned to the
needs of the market, and as such, has the greatest potential for long-term
success.


the bit I am concerned about is, we will consciously forego short term revenue
in exchange for long term growth and stability. They have the funds to persue this policy and I am confident that it will work. But will it work in time for
the finals in March. What was the reason for not giving a trading update in
December like they did the year before?.

I am not convinced that the time is right to invest yet. I think I will wait
for the finals. I may miss out on a penny or two but the picture will be alot
clearer then.

[bill182] 24/2/2011 12:21

The good news just keeps coming. More from the website:

Silanis Wins 2011 IBM Beacon Award for Best Insurance Industry Solution
IBM Beacon Awards recognize technical excellence, industry expertise and innovative solutions for IBM products and services

Montreal, QC, February 22, 2011 - Silanis Technology, the electronic signature provider for 21st Century, ANICO Direct, Blue Frog, Country Financial, Liberty Mutual and other top insurance carriers - has won an IBM 2011 award in the category of "Best Insurance Industry Solution." This prestigious honor is awarded each year to a select number of IBM Business Partners to recognize information technology excellence, commitment to skills attainment, industry knowledge and innovative solutions based on IBM products and services.

The Beacon Awards are an important element of IBM's Business Partner recognition program. Chosen from among hundreds of nominations by leading industry journalists, analysts and IBM executives, Beacon Award winners have set the standard for business excellence, innovative technology solutions, industry knowledge and client satisfaction.

"Helping insurers to eliminate the time-delays, costs and errors associated with getting customer signatures in documents, while removing barriers to electronic signature adoption at both the agent and consumer level, has been Silanis' focus for the last decade," said Tommy Petrogiannis, CEO and co-founder of Silanis. "Winning the IBM Beacons Award is testament that Silanis' electronic signature platform integrates seamlessly with IBM solutions to fill a critical void in carriers' e-commerce strategy."

The IBM Beacon Awards provide a wide range of industry recognition, increased visibility and promotional opportunities to award winners and finalists. This year's awards recognized Business Partner achievements across 27 award categories.

"The IBM Beacon Awards recognize Business Partners who have delivered high value, innovative solutions that exemplify our focus on technical excellence, industry expertise and client satisfaction," said Rich Hume, general manager, IBM Global Business Partners. "We congratulate Silanis on winning the Best Insurance Industry Solution and demonstrating their commitment to delivering innovation and business value to our mutual clients."

[bill182] 24/2/2011 11:50

More news from the Silanis website:

Silanis demonstrates real-world use cases of electronic signatures in insurance in upcoming web seminar

Montreal, QC, February 17, 2011 - Insurance carriers looking to see real-world implementations of electronic signatures are invited to attend a webcast demonstration on February 22 at 2:00 pm ET, said Silanis Technology – the electronic signature provider for 21st Century, ANICO Direct, Country Financial, Liberty Mutual and Blue Frog. The webcast will demonstrate how a paperless insurance application process is executed in self-service, online environment compared to an agent-driven, customer-facing environment. Click here to register for the event.

"An important and necessary part of any technology evaluation is seeing the solution in action, in a context that closely matches your requirements," said Silanis' Senior Business Analyst, Yazan Alwaid, who will be giving the demonstration. "This not only provides you with the reassurance that a solution can deliver the functionality listed on a datasheet, it often helps prompt additional questions and gives you a better sense of whether a solution is the right fit for your needs."

The one-hour demonstration will be based on the most common e-signature use case scenarios that arise in insurance processes. The self-service, online process will cover how customers are:

* invited into the e-signing process via an email
* authenticated by the system via password
* presented with documents for review
* 'click to sign' documents using their mouse
* provided with secure copies of the e-signed records

The agent-driven, customer-facing process will illustrate how agents guide customers to:

* enter the e-signing process using an integrated portal link
* authenticate themselves via secure message service (SMS)
* review documents electronically
* hand-script their signatures using a tablet device or iPad
* obtain secure copies of the e-signed records

Participants of the web seminar will also see how the electronic evidence captured in e-signed documents can be reviewed for audit and legal purposes.

[bill182] 15/2/2011 13:54

I feel quite confident we will receive good news at the next update, which should be released in the next couple of weeks looking at previous announcements.

[don muang] 15/2/2011 11:56

Well, it's finally started another move up. Let's see if it can get to anywhere near its previous highs.....

[don muang] 15/2/2011 10:53

A purchase of just 3,000 shares seems to have managed to move the share price higher. Bodes well for the future (if we get 'good' news....).

[bill182] 15/2/2011 08:53

more news from website:

News
Leading banks, legal firms and analysts to speak at Silanis' E-Signature Banking Summit

Montreal, QC, February 10, 2011 - Silanis Technology, the electronic signature provider for US Bank, BMW Financial Services, Liberty Mutual, 21st Century, and many other leading financial services, today announced that it will host an electronic signature summit for banking executives in New York City on April 8, 2011.

The one-day event will feature speakers from top e-Commerce technology and legal experts, such as US Bank, Wells Fargo, Gartner, and Buckley Sandler LLP, as they discuss the legal issues, adoption trends, best practices and strategy recommendations for moving to paperless loan processing using electronic signatures.

"Recent foreclosure rulings underscore the importance of maintaining strong transaction evidence and document control," said Tommy Petrogiannis, CEO and co-founder of Silanis Technology. "Silanis' E-Signature Banking Summit will address what banks can do to mitigate the risks of executing paperwork, while at the same time delivering superior customer service and making it more convenient for customers to do business with a bank."

During the summit, speakers will share their experiences in how electronic signatures have helped banks to reduce transactions cycle times and costs by maintaining a fully electronic document review and signing process.

Emphasis will also be given to how electronic signatures have enabled banks to reduce signing errors, produce stronger legal evidence than is possible with pen and paper, reduced the time and cost of legal discovery, and given unprecedented control and visibility into customer transactions.

Topics and speakers include:

* Defining, Designing and Delivering the Ideal Customer Experience, David Forlonger, VP & Analyst, Banking and Investments, Gartner
* The Legal Perspective, E-Sign Legal and Regulatory Update, Margo Tank, Partner, Buckley Sandler LLP
* Beyond the Basics – Lessons Learned in the Field, David Whitaker, Senior Company Counsel, Wells Fargo Bank, N.A.
* US Bank Case Study – Electronic Loan Processing Across 3,000 Retail Branches, David S. Miller, Senior Vice-President, Consumer Loan and Lease Operations, and Ben Carpenter, VP and Associate General Counsel, US Bank

[bill182] 03/2/2011 16:32

And another news article:

Silanis to host live webcast on e-Signature requirements for insurance agents featuring Leading Industry Analyst Firm

Montreal, QC, February 3, 2011 - There has never been a better time for life and P&C carriers to deploy electronic signatures to their agent channels, said Silanis Technology – the electronic signature provider to 21st Century, ANICO Direct, Blue Frog, Country Financial, Liberty Mutual, and other top insurance organizations.

Insurers are quickly adopting e-signatures across all channels with the primary goal of reducing risk and improving the customer experience. Despite this trend, concern remains that the industry's largest and most profitable channel will not embrace the change and will leave carriers scrambling to realize return on investment.

On February 8, 2011 at 2:00 pm (EST) featured speaker, Steven Leigh, Principal Research Analyst at Gartner, and Tommy Petrogiannis, President & Co-Founder of Silanis Technology will provide guidance on implementing electronic signatures for agents, share the most important solution requirements, and recommend adoption strategies.

[bill182] 03/2/2011 16:11

And another positive new release:

Silanis Wins Prestigious IBM Lotus Award
e-SignLive™ Named Best in Business Transformation Through Cloud Computing



Montreal, QC, January 31, 2011 - Silanis Technology today announced that e-SignLive™, its electronic signatures service for LotusLive, has been awarded the IBM Lotus Award in the Business Transformation Through Cloud Computing category for the 17th annual IBM Lotus Awards. e-SignLive™ is also a finalist in the Banking Industry Solution Providing Business Value category.

The IBM Lotus Awards recognize exceptional IBM PartnerWorld members that specialize in Lotus software solutions and have excelled at providing quality products, innovative solutions and superior services to customers. For the 2011 Lotus Awards, over hundred of applications were received from many countries around the world.

e-SignLive™ is an integrated electronic signature service for IBM LotusLive that enables organizations to invite their customers, partners, and suppliers to instantly sign documents electronically over the web, while harnessing the power of online collaboration and social networking during the negotiation and pre-signing process.

Since the service was launched at last year's Lotusphere event, organizations from a wide range of industries have adopted e-SignLive™ to replace their pen and paper processes with a completely electronic signing process, including mortgage, insurance, government, healthcare, education, legal, and professional services.

[bill182] 03/2/2011 11:08

more positive press coverage:

Signature Mortgage Shares Its David and Goliath Success Story at IBM Lotusphere 2011

Montreal, QC, February 1, 2011 - Signature Mortgage, a small Ohio-based mortgage provider, took center stage at this year's IBM Lotusphere event to discuss how it is now going head-to-head with large national players thanks to e-SignLive™, an electronic signature service from Silanis Technology, which has been integrated with IBM LotusLive.

"Over 90% of our customers now review and sign mortgage documents electronically over the web using e-SignLive™," said Bob Catlin, founder and CEO of Signature Mortgage. "We're getting signed applications back in as little as 30 minutes and sending customers to the closing room within 25 days compared to the industry average 45 to 60 days, which means we actually honor our rate quotes to customers."

Mr. Catlin shared the stage with IBM and executives from other IBM client companies during Tuesday's LotusLive strategy session, and participated in a panel discussion during an analyst session on cloud computing on the same day. He also shared the many tangible and intangible benefits that moving to a paperless mortgage process is providing his organization during his one-hour presentation on how to gain a competitive edge in the mortgage industry.

"Having worked for one of the largest online mortgage originators early on in my career, I saw the immediate impact that electronic signatures had on the bottom line," added Catlin. "However, the benefits for us at Signature Mortgage far exceeded my initial expectations."

In addition to seeing loan volumes increase by 34% and processing costs cut by 85%, Catlin saw the effect the technology had on customers and staff.

"e-SignLive™ improved the morale of our loan officers. They believed that they could compete with the national mortgage providers, and so they were more confident when speaking with customers and closing business."

Customers, on the other hand, felt that they had made the right decision choosing Signature Mortgage when they saw how quick, easy, and smooth their application process was, and that their rate quote was being honored at closing time, said Catlin.

"We've actually had customers send us unsolicited emails saying how impressed they were with the technology, and that they were going to recommend us to their family and friends."

Key to enabling Signature Mortgage to move to paperless processing was the cloud offering by Silanis and IBM. Unlike the large online mortgage originator that Bob previously worked with, Signature Mortgage did not have the infrastructure, budget or IT resources to deploy an on-premises, enterprise solution.

The integrated e-SignLive™ and LotusLive services enabled Signature Mortgage to be up and running within 48 hours without having to purchase, integrate, deploy or maintain any hardware or software. As a subscription based service, Loan officers can invite customers to e-sign documents over the web at no extra charge.

[bill182] 30/1/2011 14:16

for those following this company it is worth checking-out their website. They have released three new press announcements in the last week or so! Looking forward to the results in March.

[bill182] 19/1/2011 15:32

We are creeping up slowly but surely on the back of small but consistent buying. The final results are due out in March, so hopefully this will keep under the radar until then and will allow me to add next month.

[bill182] 12/1/2011 08:25

The buys keep trickling in! Hopefully, I can free up further funds in the next couple of weeks to buy more as I believe this share is well and truly under the radar.

[varies] 10/1/2011 17:44

bill182
Thanks

[bill182] 10/1/2011 11:57

varies...I also believe the prospects are excellent, and that is my worry. Silanis Inc are nor short of funds - at the last results they were holding $11.75m cash, and IMHO do not need further cash to expand the business. They could therefore use the funds to buy back the SNS shares!

I could be barking up the wrong tree, and I hope I am, as I see the demand for electronic signatures increasing dramatically as more and more businesses increase their internet use.

[varies] 10/1/2011 10:16

bill182
I agree with you that the level of trades is so low that the shares might well be delisted although, leaving recent exceptional transactions aside, this level has risen in the new year.
As I understand the position, Silanis Inc is a private company and the only way in for outsiders is through SNS. Presumably the object in setting up SNS was to raise money in London with the expectation of raising more later but the performance of the share price and the small value of normal transactions (say £50,000 worth so far in 2011) does not suggest that an offer of new shares in London would be very successful.
I would like to see the SNS holding in INC distributed amongst SNS shareholders. For practical reasons there would need to be a massive consolidation first, say 1000 into 1, to avoid the need for very small allotments.
I believe that the prospects for INC are excellent and only hope that SNS shareholdres will be allowed to remain on board.

[bill182] 10/1/2011 09:03

I am holding until the final results in March. I believe all of the positive news will be translated into revenue and profit and I would expect to see a re-rating of the share price My main concern, is given the low level of trades, the company could be de-listed and whilst it would be at a premium to the share price today, it will not be reflective of the true value of the company.