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Bullboard - Stock Discussion Forum
Jemtec Inc
V.JTC
Technology
Scientific & Technical Instruments
JEMTEC Inc. is a Canada-based provider of integrated technology systems for community-based corrections. The Company's business is the provision of services and technology for offender monitoring in Canadian federal and provincial correctional departments. Its solutions include government agencies, and bail & immigration monitoring. The Company's offender location detection/verification...
technologies include offender reporting via telephone contact, offender reporting kiosks with integrated database, GPS active and passive tracking, voice verification, electronic monitoring house arrest systems, remote alcohol in-home monitoring and private monitoring services. It offers the Canada Border Security Agency with electronic monitoring solutions, which allow Federal Immigration Officers to supervise strict conditions for released persons while reducing their contact with other custodial populations. It offers different technologies depending on the release plan being proposed by counsel.
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TSXV:JTC - Post Discussion
Jemtec Inc
> last trade $0.80
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•••
loopsbutterfly
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Post by
loopsbutterfly
on Nov 13, 2023 3:05pm
last trade $0.80
It should trade below book value shortly....
they will post another loss in the upcoming months
(3)
•••
benzobenzo
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Comment by
benzobenzo
on Nov 19, 2023 1:40am
I agree loopsbutterfly. Likely significant losses for a period of time now. Leadership trying to obtain private contracts to avoid the govt bidding process for contracts. I don't know the margins on the private contracts but they need to do something after losing the Solgen contract. Likely will be bleeding $ for awhile. Hence, deterioration in balance sheet
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