RE:RE:RE:Instead of banter ping-pong Let me explain where that comes from.
But first, you are not wise to make fun of that that much because I did not indicate a timeline. Without a timeline, assuming they don't go bankrupt, I could have said we will see a 100 sales contracts. Pick a number based on how long the company will exist in current form.
Now, the piece of information that as a follower and a shareholder, you should know if you are interested in details. If you don't, then I am at a loss why you are complaining about wanting more guidance.
31 PDA's. Customers pay TEI to explore viability of a project. Paying for that preliminary work shows some commitment, versus free estimates. And you can also imagine that we are not talking about small contracts. Thermal has announced contracts as low as around half a million.
Historically, the conversion of PDAs into sales contracts sits in the 50-75% range. The piece of info provided by Crossland.
20 sales contracts out of 31 PDA's is a 65% success rate, roughly middle of this range.
I didn't say over which period of time, but maybe now you will start appreciating what you are invested in....better than you obviously thought. You are welcome.
And not every announced contract goes through a PDA. If a client has a successful implementation is a plant that is very similar in configuration and use, kicking tires to confirm project viability may not need a PDA yet the contract will likely be PRd.
Do yourself a favor and do a little bit more dd and who knows what else you may learn without needing additional info from Crossland. The one thing I cannot do for you is tell you where the SP will be half a year, a year or two years from now. I just share views based on information that is verifiable but really highly dependent on the integrity and insights of companies. I have experienced many cases of let's politely say over promising and under delivering.