OTCPK:EUCTF - Post by User
Post by
kidl2on Mar 12, 2016 5:31pm
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Post# 24652110
Buyout / Takeover Potential
Buyout / Takeover PotentialWhile there is always the potential of a company being bought out, the odds of SICPA buying the rest of EUO are imho extremely remote for two reasons:
- XwinSys does not fit SICPA’s MO as outlined here: https://sicpa.com/mission-vision/mission-and-vision XwinSys’s technology is for all intents and purposes a quality control tool. It is not designed nor meant for track & trace / anti counterfeit / whatever.
- If SICPA had any ambitions to swallow all of EUO, they would have done so last year. It would have been just as easy to make an offer for all of EUO as it was to make an offer for just GFI. A package deal would have certainly be cheaper than buying EUO piecemeal.
Also, selling XwinSys
at this time does not fit EUO’s MO. EUO’s purpose in life is to find advanced technologies and nurse them to commercialization. Yes, one could argue that XwinSys is on the verge of commercialization and that actual commercialization is too big an undertaking for little EUO. I believe it was McWhirter who alluded to some sort of partnership with one of the big SC guys. That imo would make sense especially if it’s along the lines of licensing which could provide EUO with another income stream and thus move it closer to becoming a dividend payer which, from what I understand, is BR’s ultimate goal.