OTCPK:EUCTF - Post by User
Post by
Chutzpahon May 25, 2017 7:49pm
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Post# 26285799
3.2 M on R&D Minimum for 2017
3.2 M on R&D Minimum for 2017Minimum guaranteed for 2017. Do the math. 1.4 + 1.3 + 0.5 spent on Xene on 1q alone shall I ask wtf for when they already had presented the new
set of products P-Metric and all that. Sell 500K worth and spend 500K on R&D on the same Q , way to go, Rapturd will love it lmao. +3M on R&D again 1M in salaries and selling 2M at most This turd will keep on burning cash like there is no tomorrow in 2017 .....
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Research and development costs increased to $827,009 for the three month period ended March 31, 2017 from $688,619 for the same period in 2016 due to research and development costs incurred in connection with XwinSys’ strategy for building on its modular hybrid concept to add additional detection capabilities and investments made in Xenemetrix towards its XRF technology platform. XwinSys intends to cooperate with its customers to establish the applications capabilities that will eventually lead to systems installation at customers' facility and sale of equipment in 2017. [NTD: should we mention R&D for Xenemetrix and Croptimal too?]
The Company had budgeted to invest up to US$1.4 million in XwinSys in fiscal 2017 and for the three month period ended March 31, 2017, the Company’s research and development expenditures were US$330,000 out of the US$1.4 million amount budgeted.
The Company has budgeted to invest up to US$1.3 million in Croptimal in 2017.