NTC’s inability to secure contracts for their innovative and award winning products is now at the stage where its long term survival is threatened. This situation is now going into its fourth year. The 2019 AGM is 8 months away. It is looking like a repeat of previous years is probable - directors chanting mantra of next year will be a consolidation year with Tier One contracts being negotiated. If NTC don’t secure long term and substantial contracts before the 2019 AGM then SP will be lower than now, and remuneration second strike likely. The company needs to take immediate action now to inject executives who can secure contracts for the excellent technology that has been developed.
NTC Price at posting:
73.5¢ Sentiment: Hold Disclosure: Held