I too was at AGM. have been in this stock for over 12 months. Came away very encouraged in the investment i have made. Two statements by JM stood out for me. 1. "The Neotech Back Office Machine, which can free up to three staff of a local business if the machine is fully integrated into their business. This machine is quote "Extraordinary machine, extraordinary margins, Unique and no competition"
2. Now that ICP have control of the whole picture, that is they have control of the "switch" by acquiring 50% of Sonic who own 80% of Pulse. ICP intend to "Target" the "low cost ATM market in Australia" This is to be achieved by reducing the overall cost of having an ATM on a site. It seems that the major players in Australia, like NCR, insist merchants have to take on a "Maintenance agreement" when signing up for a machine which can be exorbitant. ITC are able to offer a machine which offers merchants "Self Diagnostic Repair Protocol" through the touchscreen whereby the merchant can self fix 80% of the problems.
Also, i believe the charman of NEO tech was there a Mr Kang?? He answered one question from the floor regarding manufacturing output and capability of Neotech. I quote " we ship 584 ATM's in one container every month to USA"
Disclaimer. I wrote down my quotes, and will never claim them to be word perfect however the substance of their meaning was.
STL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
