OTCPK:EUCTF - Post by User
Comment by
kidl2on Aug 27, 2017 1:54pm
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Post# 26626172
RE:Kid, you're wrong about Xwinsys
RE:Kid, you're wrong about Xwinsys Wishful thinking and whispers aside, this Q1/17 addition to previous XwinSys MD&A blurbs tells you exactly where XwinSys stands:
“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.”
If you then add this statement from the Q1/17 MD&A to the equation, you may be less inclined to flatly dismiss my “back to the drawing board” comment:
“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.”