Alcidion idea is exceptional and they seem to have a business plan. However the whole project is expensive and complex to estimate the true profit margins. Take the last announcement for eg. Out of 1.7 million, 1.3 million will go to expenses relating installation. Then out of 400 thousand there is still commissioning before the profit margin. The good thing is potential that is already showing results, management and sound backing from some serious investors who can bring in the business locally and overseas. The story of some other companies is a lot simpler. Profit margins are a lot easier to calculate and once the product is in place there are multiple orders which bring in constant cash. And cash is a king. So i do not think this stock fits in Pinto's territory. I hold NRR and look forward to their future announcements.
NRR Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
