Eurocontrol Technics Ord EUCTF

RE:Management Expenses

[zenvesting]

You seem to have forgotten the $1.5 million per year minimum royalty they will receive from SICPA, with significant potential upside for new contracts, which SICPA is working on agressively. If you happened to miss the presentation at The Atlantic Council Global Energy Forum less than one month ago, copy this link and paste it in your browser....they're talking about a lot more than just the EU, fuel smuggling is a global problem and we are partnered with a leading provider of tax stamps and government revenue assurance programs. https://www.atlanticcouncil.org/component/content/article?id=34016:special-report-launch-illicit-trade-of-hydrocarbons I agree however that we don't need such top heavy management just to let SICPA do all the marketing, while corporate will collect a royalty and just need to sustain Xenemetrix in a competitive position in this niche. ....... You also seam to have completely written of XwinSys, less than six months after they made their product commercially available. It's hard to gain any insight here, so sure, maybe you're right to do that.... .... You also don't mention Croptimal, those pilot projects are expected to begin bringing in some revenue this year, although it will probably only be the sale of a few field analysis tools for the time being. I see better prospe ts for the long-term potential, Netafim gets exclusive rights for irrigation companies, but Eurocontrol retains rights for other areas of precision agriculture......I think management's ability to sniff out this niche will prove to be worth something. Your glass is half empty and the stock price says the market agrees with you, but for me, I don't see any place I'd rather allocate my capital now than a company trading near cash, with two alliances with industry leaders, and a platform to build further applications on.