NVQ 0.00% 2.2¢ noviqtech limited

The $40 Trillion Demand, page-55

  1. 1,233 Posts.
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    I am all for zero emissions and we definitely need ethical companies tracking emission reduction metrics but there are a lot of companies doing similar things with suites of tools for measuring ESG commitments. If you are convinced that TYM has the answers then good luck to you. I don't want to put people off but I am naturally sceptical when I see the 'green hydrogen' and 'blockchain' buzzwords flying around.

    Where is the distinctive IP? What gives this stock any kind of moat?

    Software developers these days learn how to build a blockchain algorithm in their first year at university. If you know a programming language then you can find out on the web how to build your own basic blockchain structure inside a day and one with all bells and whistles inside a working week.

    As far as green hydrogen goes, what is stopping the hydrogen council from taking the cheapest quote from a reputable IT company when they need to start logging data? The problems around hydrogen remain in the secure transportation and storage of the stuff.

    Best of luck to all holders but make sure you do your due diligence here. I did not recognise a single one of their partner companies.
    Last edited by tubedisasters: 09/12/21
 
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