Eurocontrol Technics Ord EUCTF

RE:RE:RE:Back to cash again

[lscfa]

Yes, value has been created. The delay in launching the Xwinsys products for customer customization has increased their selling price from $1 million ea. to $2 million ea.........

newdaydawning wrote: Kid, you are bang on about value creation, but you are dead wrong when you suggest that EUO has not created any value from in-house developments. There is huge value creation occuring in Xwinsys and Croptimal.

kidl2 wrote: Joseph: You were wondering a couple of weeks ago about EUO’s descent to and now even possibly below cash value. This valuation IMO simply confirms a market reality. Cash is essentially of little value to shareholders unless it’s used to create value. That’s especially true for microcaps where investors accept higher risk in exchange for exceptional growth in both, top and bottom line.
 
Sadly, instead of value creation EUO shareholders have seen the opposite.  A lot of money has been spent since EUO cashed in on the only viable product they ever had. BTW, it is noteworthy that this product didn’t grow on EUO dirt. GFI / its fuel marker technology was purchased by EUO in 2006 which is worth keeping in mind when evaluating EUO’s in house developments which so far have not created any tangible value.
 
2016 was touted as the transformational R&D year with 2017 reaping the benefits from these millions of R&D Dollars spent. We’re nearly half way through 2017 with not only essentially nothing to show for but near certainty that the monster R&D spending phase is by no means over.
 
For the hopeful / averaging down / holding on longs … You are essentially down the a bet on SICPA which bought  GFI primarily for one specific project and this project isn’t progressing according to plan in terms of timing and competition. A minor bump in the road for SICPA but a major dent in upside potential for EUO in light of the time decay built into the royalty agreement.
 
As I said on SI, I’m still (a little) long EUO but it doesn’t “owe me” anything which makes accepting reality considerably easier but by no means less disappointing.