Nanotech Security Corp.
Through the 2020 coronavirus pandemic, health officials have inundated us with messaging about washing our hands thoroughly and regularly. This has morphed into a culture of not touching anyone or anything, including paper money. Some businesses fear that paper money carries the coronavirus and can transmit it to whomever handles it. Some businesses have gone as far to disinfect banknotes they accept (a new form of money laundering).
Growth is on track at the Company. As of March 31, 2020 Nanotech had $9.2 million of cash and short-term investments and no debt. Management reiterated annual revenue growth in the 10% to 20% range. Currently the company is trading at 0.4x price/book value, assuming no value for the patent portfolio.
We hope that you, your family, and colleagues are doing well. Crises always create fear and stress, but somehow, someway, we manage to come out the other side mostly intact.
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