Eurocontrol Technics Ord EUCTF

My 2 cents

[Bruceforever]

This is one of the independent reports Bruce Rowlands uploaded in its website last year.

https://www.eurocontrol.ca/images/reports_and_filings/independent_reports/2016/ESpace_Microcaps_Napoleon's_Blog_Feb25_16.pdf

Napoleon should revise the MD&A file every 3 months to understand what’s going on here right now if he wants to do a current report. Now, we know GFI has not won that decision, so this report is old fashion. This decision has not gone to other Company either. It has been stopped. Is that decision important for EUO? Of course!! Without this decision, you cannot expect massive revenues from Xenemetrix because they would have sold to GFI on all contracts that would have got SICPA for fuel marking programs to sold to European governments. This includes both the logistics for the program and the actual synthetic markers used. Oil & fuel marking programs is a market of 1 billion globally (as estimated by the CEO Bruce Rowlands).

And now what? Everybody should think that this decision will not come this year. So what can an independent analyst do now? Not too much. Without guidance and that decision he can only run what Xenemetrix revenues have done since 2013. As I said, and posted before these revenues are going down year by year since 2013. Please, check MD&A on SEDAR to see it. I made a table for you in other posts.There’s no outlook for Xwinsys. EUO never said when should come its first revenues. No outlook for Croptimal either, but Bruce Rowlands said it will come some revenues this year (really don’t know which quarter yet). We have seen a massive R&D ($2,5 million until Q3, and over $3 million that I expect during 2016). Most of this research has gone to Xwinsys again.  

So we are in the step: “Show me the revenues”. And this step is all 2017. The investor, holder or longer shareholder only know how many expenses will come (the most important two items are Management Expenses and Administration costs. Around $400,000 per quarter). Do your numbers to calculate how many revenues EUO should show to afford these expenses. EUROPE it is very important for Xenemetrix but maybe SICPA is negotiating in other big countries like Nigeria, China, United States of America, Canada, etc. We really don’t know. And it is very difficult to know where SICPA is walking with GFI right now. It is a private company. SICPA is still a large shareholder and it has a chair on the board of directors of EUO. I don’t claim that. Shareholders have been selling the stock from $0.185 at January to $0.125 yesterday. So to go back when it began this year, it must go up +50%. To me, EUO should be trading between $0.105 and $0.125 until they show some kind of info about Xwinsys sells and Xenemetrix expectatives for this year or so. If not, the stock price will be traded with much more speculation with a big wall at $0.16 (the higher price I expect).

B4ever