Eurocontrol Technics Ord EUCTF

RE:RE:NEWS!!! Optimizing the growing process of tomatoes

[Ringert]

Plus we all know recouping R&D investments is not the goal here...

kidl2 wrote: The term “grasping for straws” was recently used on this forum in a different context.
The term is once again applicable. It will take nothing short of a miracle for Croptimal to ever recoup the money already spent and with no end in sight to more spending.
 
A 20% subsidy on what?
 
This is what I said 6 months ago and it’s as applicable today as it was then in response to the July 12 (200 ac) almond NR:
 
Even if Croptimal does get paid, the going rate is around $5/ac/yr and that includes weather stations which Croptimal isn’t including in their service according to the NR. Actually Croptimal’s service bears closer resemblance to the FarmersEdge Smart Nutrient service which costs $2.50/ac/yr.
 
200 ac @ $5 = $1,000 revenue per year.
https://www.farmersedge.ca/smart-solutions/
 
Using the higher $5/ac service and assuming a net net profit of 10%, Croptimal will need 2,600,000 ac under contract just to recoup the $1.3 Mil investment budgeted for 2017.
 
To add further colour, FarmersEdge (one of the industry leaders) which started in 2005, has currently around 4 Mil ac under contract and it took an investment of around $60 Mil to get there.
 
 I just don’t see how this Croptimal investment could possibly pay off in a for EUO shareholders relevant time period.