Kontrol Technologies Corp N.KNR

New Press Release - Kontrol Technologies Completes Sale of Operating Subsidiary

Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), has completed the sale of its operating subsidiary ORTECH Consulting. The sale proceeds are $6.1 Million plus working capital of approximately $600,000, less closing costs. “As part of our strategic plan...read article.

[Mostlyserious]

That's done. A few years ago, the main strategic thrust was expansion in many ways.  Instead, we've seen divestments and leaving things aside and have contracted to I don't know how many years back. Yes, when you do so it is certainly easier to focus.  And that is the sales pitch now.  We were excited with expansion before, now we should be excited about laser focus

[okgonow]

lets just hope Ghezzhole can pump the new narrative so i can get the He.. out of this dog with at best possibly a 50% loss. come on Ghezzhole you nhave one more pump in ya....!!!!!

[Mostlyserious]

10+ bagger for me.  There is nothing he can say to get it there. If he served up a biggest whopper, it would be shrugged off as been-there-done-that. In my small KNR circle, there is a new term that can be used to describe investment caution: careful of being ghezzied. If anyone is excited by a nickel or a dime, they haven't lived the experience, and won't know better when digesting

[Rogg47]

1st there's nothing to pump around this company... Back then, they came out with a "solution" related to the pandemic so it was pretty "sexy", even the Government bought in that story!!.... But now, and not the 1st time I'm saying it, the core business isn't sexy at all for the market so no hope that Gheezazhole put out a rabbit..... 2nd this company and his

[Mostlyserious]

Nope.  Monitoring business will likely be slow and steady that likely won't see some of us break even in our lifetime.  The larger the monitoring market with increasing regulation, the larger the competition for that business.   And as PG said, smaller companies become interesting potential acquisition targets for big companies in the $50-$100m revenue range. If one trusts

[Mostlyserious]

Given the 3 cent drop from Fiday's close, I guess the Ortech sale excitement is over. Now it is a race between signing new contracts and seeing what the impact of the sale is on the financial statements.  We know the balance sheet will look better, but what is the income statement going to look like going forward.  Stay tuned in a few months.