re: Ann: Press Release - XTEK & Morgan Announ...
winnetwo, sorry for late reply, just back from easter holiday yesterday.
I didn't go back to check their announcement again, but from my memory, their latest step of partnership with Morgan who makes and distributes bomb suites to euro and asia gives Xtek exposure to these markets. also from previous announcement, Xtek has contracts with a number of countries' defence including Danish and some other Europe nations.
in general term, I see three sectors upswing move over next few years, that's HEALTH, FOOD and DEFENCE, and there are many health/bio stocks, so one has to single out good ones, most of food stocks have been taken over including the latest goodman field. but there are not many defence stocks either on ASX or around world, let alone a $7mil cap one with near term positive cashflow.
in terms of bids and offers, momentum will come when it comes, was it SBY went some 20 baggers in few days last year from nowhere.
in terms of company credential, its novel tech XTclave™ is the game changer.
today I make a 24 hours prediction, we will see positive cashflow for March Quarterly with strong revenue stream to come.
XTE Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held