Another Excellent News Release...Let's look at the salient points noted in today's news:
1) FTEC owns its own P.O.S. network - (competitors do not);
2) The margins noted are good;
3) They are looking at owning their own Cryptocurrency Exchange - (very progressive thinking);
4) As previously mentioned -> They are currently looking to expand their footprint beyond Canada;
5) FTEC is about to begin "Investor Relations Campaigns" across North America (i.e. Marketing);
6) There has already been a strong level of interest/number of transactions at their existing P.O.S. locations; and
7) As previously mentioned, FTEC is about to grow the number of P.O.S. locations at an "Accelerated Pace" once the new features etc. are added to the existing technology platform. That should start in 1-2 weeks.
There you have it! I don't think I missed anything important, but the really impactful points that I find of particular interest are #3, #4 and #7. When you put all this together, I have now raised my 12 month target price for this stock.
As a significant shareholder in this company, I must say that I am also pleased with the far higher quality of the way these recent news releases have been written. I would like to see us all do well here and now have something to look forward to. Management has clearly laid out their ambitious plans moving forward and here is their chance to impress the investors. If they execute well, then this stock is headed for the stratosphere.