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Pioneering Technology Corp V.PTE

Alternate Symbol(s):  PTEFF

Pioneering Technology Corp. is an energy smart technology and consumer products company. The Company is focused on developing advanced thermo-based technology solutions for household products and appliances. The Company operates through the development, manufacture and sale of products intended to save energy and offer consumer convenience and safety. The Company’s products include Smart Burner, Smart Range, Smart Micro, SmartBurner Polish, Standard Ring Replacement Set and Low Profile Ring Replacement Set. SmartRange monitors changes in the range’s cooking temperature and signals a pre-alarm if a cooking fire risk is detected. With patented temperature limiting control (TLC) technology, SmartBurner easily replaces electric coil elements and prevents the burner from reaching the temperature at which cooking oils auto-ignite. SmartMicro helps prevent unnecessary alarm activations. It also helps guard against microwave fires from starting.


TSXV:PTE - Post by User

Bullboard Posts
Comment by FarmerInvestor4on Feb 01, 2017 3:52am
154 Views
Post# 25781676

RE:RE:RE:PTE full year audited results are out as of 9:30 MST

RE:RE:RE:PTE full year audited results are out as of 9:30 MST
WCoyote wrote:
FarmerInvestor4 wrote:
What I don't like
- increased administration expenses including stock based compensation.  
- trade receivables over 30 days at $1.8 million


Maybe you’re not experienced with retail channels, but 30+ days on receivables is de rigueur.  So is increased administration with increased sales activity.  Comes with the territory.
 
I see no worries here.




Good...  nice to hear other opinions.

In the agriculture sector, my accounting standards are "cash" basis.  And as a dirt farmer the old saying ,"It's not in the bin yet!" are words to live by...  

If that $1.8 million comes in no problems, this company has good cash amounts on hand to maintain inventory levels and hopefully pay down debt.  Just keep the sales coming...  I would be curious to see the amount of sales coming through the distribution channels (Home Hardware, Home Depot etc)

I am a little surprised to see the pullback in share price, but this is a good buying opportunity.  As Beagle said in a previous post, the January 10th news release is not accounted for in these financials... those revenues will show up end of Q1 and beginning of Q2 pending how the company made the official sale.  So to me, the start of the new fiscal year is exciting!  And we will find out soon enough with Q1 unaudited financials due out end of February 

Before year end financials, the stock was trading at P/E of 50 +...  if we can get back there, it means the stock is $1.50+

I would assume all those with $0.25 warrants remaining are giggling at the moment.  The excercising  of these warrants will likely put some pressure on the share price short term.  

But exciting times are ahead.  I see good things happening for PTE in the upcoming year as coil burners slowly phase out.  To date, I am unaware of any competitors yet that are close.  Does anyone have any info otherwise? 

Thank you, and Good Luck to All!
FI4

Bullboard Posts