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Eurocontrol Technics Ord EUCTF

"Eurocontrol Technics Group Inc is a Canada-based company involved in acquisition, development, and commercialization of security, authentication, verification and certification markets. The company through its subsidiaries is engaged in designing, manufacturing, marketing of energy-dispersive X-ray fluorescence (ED-XRF) systems, and developing technology and property that combines two-dimensional (2D) and three-dimensional (3D) image processing technology respectively."


OTCPK:EUCTF - Post by User

Post by haterzgunnahateon Dec 08, 2016 6:07pm
184 Views
Post# 25574457

MD&A

MD&APretty sure Bruce has been travelling the world "looking for opportunities" on shareholder's dime. All this time I thought he was going to just milk us for 10 years and collect a salary but at this rate he'll burn through our $15M in less than 3. What a disaster, somehow they found a way to screw the shareholder perfectly in this deal yet keep the company alive and well, no refinancing needs, no need to keep the share price at any level whatsoever. The funniest thing in all this is the shareholders on this board that are actually happy with the situation and see a $2.00 share price happening soon....I will tell you this, if I ever start a venture company you will be the very first people I contact because you are the best group of suckers I have ever met. Please read below in case you guys don't do any DD. FROM THE MD&A: Expenses Continuing operations Expenses from continuing operations of $5,367,280 for the nine month period ended September 30, 2016 increased in comparison with the expenses of $2,699,165 for the nine month period ended September 30, 2015. The increase for the period is primarily due to the following increases with remaining expenditures being consistent between the two periods: Consulting and management expenses increased to $938,569 for the nine month period ended September 30, 2016 compared to $568,082 for the nine month period ended September 30, 2015. The increase is primarily due to one time change of control payments triggered by the sale of GFI in the amount of $214,500. Administration expenses increased from $573,999 for the nine month period ended September 30, 2015 to $857,395 for the nine month period ended September 30, 2016. The increase is primarily due to an increase in travel and other miscellaneous costs incurred as the Company seeks further business opportunities, and the increased activity with XwinSys. What kind of travel costs $857,395 lol...is this guy flying on emirates first class everywhere?
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