Hugh Cleland, CFA
Cell-Lock Location Technologies Inc.
XCT-X
COMMENT
Dec 27, 2007
Strong insider participation. Very promising technology. Good business model, but just need to get more traction on it. A critical point for them will be when they go cash flow positive.
Early stage speculative company. He recently participated in a financing. They have $35 device that is installed in cars for location of the car. Installed in about 40,000 cars and are building out towards a larger number. Good opportunity, but speculative.
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