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57.5¢ xtek limited.

SP 1yr low... low margins and high overheads..., page-6

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28/11/18

22:37

Post #: 36678921
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Originally posted by DroneDigger: ↑

hi Siliu73. I selected my username because drones are my passion and digging's my game. I had interactions with this company first when I was using their ground robots. The company was leaner and meaner then and I chose to become an investor. Unfortunately I seemed to have put too many of my hard earned eggs into this basket... I cannot for the life of me understand why the company has not split to protect its core business of robotics from the composites. I can see the low-margin drone business is funding the composites setup and I'm concerned that when that fails it will be down the pisser for all. If the robotics was maintained with a lean management then this drone business would be setting up an empire, sadly its being pissed away into the pockets of the management. How can a SMALL single company be a leader in both robotics and composites? It cant. I don't believe the hype surrounding the composites. The releases seem to be all smoke and mirrors and I agree with minimgnut - they have boxed themselves into a corner with communications - at some stage you have to deliver what you promise. I think I will be disappointed in july 2019.

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Xtek is still in the EOD robot business.

XTE Price at posting: 42.5¢ Sentiment: Buy Disclosure: Held
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