OTCPK:EUCTF - Post by User
Comment by
Chutzpahon May 26, 2017 1:03am
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Post# 26286612
RE:Don't expect a single Xwinsys sale this year...
RE:Don't expect a single Xwinsys sale this year...Ringert wrote: The most shocking part of the MD&A is this line:
In 2017, 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.
They went from
XwinSys is working with several of the largest global semiconductor companies to place units.
to the statement above. This clearly indicates that even after all these years and all these dollars spent their system still isn't ready and with another 1.4 million $ to be invested this year it sounds like it's not even close to going on sale. They state that their efforts will
eventually lead to systems installation. With prior knowledge of the speed EUO works at this probably means that they
might sell a system by 2019. This is a huge setback and makes this an even longer term play than it already has been. It basically takes one of the potential short-term catalyzers out of the game...
I honestly see 0.05 coming back before the end of 2017...
Add to this the very highly likelihood nothing will happen to the EU fuel marking tender until around 2020 and this has 2 cents written all over it, Zimbabwe withstanding that is!!