RE:RE:Authentix wins Pakistani Contract150,000 tons = approx 205,000,000 liters = $2,050,000 revenue
Yes, small right now but they have a foot in the door for a mega contract. From the article:
“The fuel marking programme will be run in phases. Initially, kerosene oil will be targeted and later other fuels such as high-speed diesel, light diesel oil and petrol will be covered under the programme.” Pakistan consumes approximately 450,000 barrels of petroleum per day which translates to 71 Mil liters per day and thus to potential annual revenue of $260 Mil for Authentix.
As for your previous comment ... It’s worth repeating as evidence of your in-depth knowledge of public company rules and regulations.
SICPA needed only 10% shares to get a member on the board of EUO, no other plan.
The tekst below is nonsens:
The fact that SICPA very suddenly stopped accumulating and hasn’t taken advantage of the current averaging down opportunity seems to confirm their “plan” did not work out as they had anticipated.