Eurocontrol Technics Ord EUCTF

RE:RE:Has everyone forgotten that SICPA...

[Ringert]

Amen Kidl, that's the best post I've seen on here in the last two years. It perfectly sums up what you're buying into when you buy EUO and explains why multiple people here are so frustrated by the management (although I think we should all be at least a little bit frustrated at ourselves as well for falling for this in the first place). I've said it time and time again, this company will never go anywhere. Not because the technology isn't interesting, but because the management doesn't even seem to want to move the company forward. Or perhaps they're just underqualified yet overpaid.

kidl2 wrote: SICPAS’s stake... Valid point or is it?
 
Was SICPA in a rush because of A contract which ended up not materializing within the projected time table?
 
That said, I don’t really care why SICPA did what they did but I do care about the idiocy of EUO / Bruce / whoever fighting SICPA for shares via the share buyback and personal purchases at prices 60% higher than they are now.
 
This is either simply stupid or outright irresponsible and I don’t appreciate either scenario as it directly involved your, my, the company’s money.
 
Bruce buying at that level doesn’t really bother me. It’s his money. If he chooses to blow away, so be it but it sure bothers me if he takes it upon himself to blow away company / shareholder money via a totally screwed up NCIB.
 
What is it with these high paid guys? They can’t run a NCIB. Heck, they even manage to lose money via bonds.
 
$200K +++ for the CEO,  $100K for a part time CFO plus a unheard of $100K for a microcap’s corporate secretary (lovely lady but I have no clue what she is doing) plus a well compensated and seemingly disinterested BOD for what ???
 
This SICPA money is IMO just facilitating personal agendas with no regard for anything or anyone outside of the inner circle. No one but a few nimble traders (BNN mouthpieces included. McWhirter are you listening? Stupid question. He and friends departed long ago) and the same old group of insiders via amazing salaries / consulting contracts, bonuses and perks has made any money in the last 10 or 12 years or ever since this charade was invented by one of my favourite people, Stan Bharti who is the undisputed “milk a company” champion. Current insiders had a great teacher. < no="" grin="">
 
I thought the SICPA deal and the cash which came with it would change things. Instead it made it worse. Cash is being thrown at Doron’s inept Israeli “kingdom” with nothing but the remotest of chances of ever seeing a return. Go back in history ... Nothing / absolutely nothing even remotely profitable came out of Doron and his group. 12  years of mouthwatering salaries and a bonus for selling something he had absolutely nothing to do with aside from maybe finding it and living off it for years.  It’s mind boggling! What’s even more mind boggling is the fact that some seemingly intelligent people fall for this age old story line.
 
Yes, SICPA may save the day even though their kingdom seems to show cracks BUT don’t believe for a moment that ordinary shareholders will reap the bounty of whatever SICPA may provide.
 
The dividend carrot has quietly disappeared
The accretive acquisition carrot ... 18 months with a bag full and diminishing cash balance and nothing?
 
Anyone with an opposing supportable opinion, bring it on! I am once again all ears.