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Gatekeeper Systems Inc. (GSI.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.3250-0.0050 (-1.52%)
At close: 03:40PM EDT
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  • T
    Tim
    can't really understand how they get strong tier 1 banking support, which is a testament to their solid numbers and business going forward, and yet the stock goes down. Somebody has got to be able to help me rationalize this.
  • J
    John
    Abbotsford, BC – TheNewswire - June 1, 2022 - Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSXV:GSI) (OTC:GKPRF) a video and data solutions provider for public transportation and smart cities, has entered a Master Services Agreement with National Express LLC (NELLC). The Master Services Agreement establishes a perpetual contractual framework under which Gatekeeper will provide video, data, software, and related installation services to NELLC.

    NELLC ’s home-to-school companies operate more than 20,000 school buses, serve more than 550 school districts in 33 states and three provinces, and transport more than 1.3 million students daily. NELLC also operates express shuttle vehicles serving 9 million corporate and university passengers annually as well as 2,800 express transit vehicles serving 22 million passengers annually.

    NELLC is the North American subsidiary of National Express Group, a leading transportation provider delivering services to the UK, Continental Europe, North Africa, North America, and the Middle East. National Express Group (LON:NEX) reported £2.170 billion in revenue and 792 million passenger journeys in 2021.

    “NELLC is a well-respected transportation provider committed to offering the highest level of transportation safety,” commented Doug Dyment, President and CEO of Gatekeeper. “We are extremely pleased NELLC has selected Gatekeeper as a video and data solutions provider and our team is committed to demonstrate the excellence of our products and services to this valued customer.”
  • T
    Tylor
    no dilution, actual LoC w proper bank.
  • J
    John
    Abbotsford, BC – TheNewswire - June 6 , 2022 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSXV:GSI) (OTC:GKPRF) (FSE:1GK) a leading provider of intelligent video solutions for public transport and smart cities, is pleased to announce the Company has entered credit facilities for additional working capital to facilitate recently announced major contracts and continued growth.

    The Company has entered a revolving credit facility (“Credit Facility”) with Toronto Dominion Bank pursuant to which the Company may draw up to CAD $6 million for working capital provisions. Interest on the Credit Facility is based on either the Canadian bank prime rate plus 0.85 percent or US bank base rate plus 0.75 percent. The Credit Facility is subject to set up fees as well as export guarantee program fees payable quarterly to Export Development Canada.

    The Company has also entered a letter of credit facility (“Letter of Credit Facility”) with Toronto Dominion Bank pursuant to which Toronto Dominion Bank will issue letters of credit, including supplier payment guarantees, up to CAD $2 million to certain Company suppliers. The Letter of Credit Facility fee is 0.65 percent of the amounts issued under the Letter of Credit Facility.

    For the fiscal six-month period ending February 28, 2022, the Company reported six-month revenues of $5.8 million and working capital of $8.8 million. Since February 28, 2022, the Company has announced over $7 million in new contract awards in addition to the Company’s regularly occurring business. The Company also recently announced a perpetual contract framework for sales to National Express LLC, which operates over 20,000 school buses.

    Doug Dyment, President and CEO commented, “We are delighted that TD Bank, after completing their careful due diligence and reviewing our growth prospects, has equipped Gatekeeper with $8 million in aggregate working capital facilities on very favorable terms. This working capital financing is a cornerstone in our foundation for growth and we are solidly executing our growth agenda.”

    The Credit Facility and Letter of Credit Facility is secured by a General Security Agreement (GSA) for Gatekeeper Systems Inc., representing a first charge on the Company’s present and after acquired personal property, and a Uniform Commercial Code Security Agreement (“UCC”) for Gatekeeper Systems USA Inc., among other customary guarantees, and is repayable upon demand.
  • A
    Andy
    In these times.
    You need companies like Gatekeeper in your portfolio. Great contracts, no debt.

    A must
  • A
    Andy
    Looks like new investors will have to pay up.
  • M
    Myles  Banyon
    Gatekeeper can become a GIANT. News just out!!!
  • R
    Ranjan
    Inspite of all the recent positive news, what's with all the selling!
  • R
    Ranjan
    (TheNewswire)
    (TheNewswire)
    ceo.ca
  • R
    Ranjan
    Bought across two different accounts! New 5 M Septa contract!
  • M
    Myles  Banyon
  • J
    John
    Why isn’t yahoo updating the news on this?
  • J
    John
    Just read up on SEPTA
  • T
    Too many rubes
    After a relative frenzy yesterday, a whopping 202 shares were bought today.
  • G
    Gilbert
    Financials after the close? I’m expecting big things!
  • G
    Gilbert
    The $3.9 million US CONTRACT WITH SEPTA has been approved! We should see a PR about it any day!
  • M
    Myles  Banyon
    GKPRF was down 5-6% for the last 3 trading days on significant volume.. I hope the market has it wrong but by the looks of it we are in for some disappointment. From my perspective a company with a good ER will release early in the week. If the ER kind of sucks they wait till the end of the week so that the weekend buffers investor reaction. I did buy during this time frame but only because I'm looking forward to a better 2nd half of the fiscal year.
    GLTA
  • R
    Ranjan
    Finally a green day!!
  • T
    Tylor
    FELONY cheap for a PROPER company