Eurocontrol Technics Ord EUCTF

Espacemc on EUO

[Chutzpah]

Looks like Brucey talked to the French speaking guys from of Espace Micro Cap and they could smell trouble all the way from Montreal or wherever they were.... guy got bored by Bruce rahrah ( took no notes) and scared about all the R&D expense coming and was totally unconvinced in the end. So I would say Bruce did his usual part and Martin is not a Raptor.......

Enjoy:

https://discussion.espacemc.com/
( translation for illiterates who only speak one language like Raptor at the bottom of post)

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J'ai trouv la compagnie assez intressante et beaucoup plus facile comprendre en ayant la prsentation du PDG qu'en lisant les documents disponibles sur Sedar. Cela dit, il pourrait trs bien s'agir ici d'une ''value trap'', c'est--dire une entreprise qui semble trs peu dispendieuse (se transigeant sous la valeur de son encaisse) mais qui finira par brler tout cet argent en recherche et dveloppement sans grands succs. Mon opinion n'est pas encore arrte ce sujet!

Notes on my meeting with CEO Bruce Rowlands last Tuesday:

The company operates 3 subsidiaries: Xenemetrix, XwinSys and newly, Croptimal. I will not get into much detail because I have not taken enough notes and these are relatively complicated technologies.

Croptimal is particularly interesting. Normally, in precision farming, farmers test their land to find out the different concentrations of important minerals. Samples are taken by the farmer and sent to a laboratory which analyzes them and returns the results about 1 week later. Croptimal is a mobile laboratory and is offered as a service. The Croptimal technician goes to the farmer at the beginning of the season to install collection devices. Then, at the frequency required by the farmer, the Croptimal technician passes the samples and analyzes them directly in his truck via a platform in the cloud, which allows the test results to be delivered to the farmer less Of 10 minutes. I do not know much about the domain but it seems that this solution is far superior to what is currently on the market. I understand that the commercial launch would be done within 12 months (not 100% certain on it).

Bruce's short-term objective is to reduce revenues to the level they were prior to the sale of Petromark, or about $ 8 million per year. It anticipates about $ 2M from SICPA (royalties), $ 2M for Xenemetrix and $ 4M for XwinSys (sales of 2 systems at $ 2M each). At this level he mentions that the company would be profitable.

SICPA is currently working on obtaining 2 large potential contracts for its PetroMark technology. If it obtains them, the amount of royalties due to Eurocontrol could increase significantly.

Bruce plans to continue to invest significant amounts of research and development in the years to come (a few million a year).

I found the company quite interesting and much easier to understand by having the CEO's presentation than reading the documents available on Sedar. That said,it could very well be a "value trap", that is to say a company that seems very inexpensive (trading itself under the value of its cash) but which will end up burning All that money in research and development without great success. My opinion is not yet settled on this subject!