RE:RE:If we were THRM - we would be $2 You're comparing apples to oranges. It's fascinating that one company is hyped by cherry picking another company that is not even close to being comparable. Sparta is not a great company to be invested in because it is distributing a covid test that another company isn't. Clearly Lotsofcash invested in THRM and it didn't work out .....you win some you lose some.
The reasons for investing in Sparta now ....as compared to two years ago are many. The issue with SAY and its sp historically has been that it has consistently been in the red. Only those long saw the future in it and were willing to HOLD and be PATIENT. Finally, new environmental laws and the focus on climate change matches the technology SAY has been pouring all their profits into. Just this past summer they had to raise equity again because their millions in sales couldn't cover liabilities and the re-investment in R&D. What has changed this year?
This is not a covid play so it's disingenuous to compare it to one. Sparta is beginning to see daylight because of their real estate development, this surprise NR dealing with the Assure Covid Test and potential for their technologies. Hopefully the capital arising from the first two will fund the scale up of the later. John O'Bireck stated explicitly that they still need to raise equity to fund ongoing operations. They are cash poor but technology strong ....and strengthening. That's why, imho,SAY is a great company to invest in.
Barchart has been lauding SAY for a few weeks now and why it remains a 100% Strong Buy ....and Strongest shorterm outlook. Morningstar's Fair Value sp is $.27 this morning and its 1-star speculative valuation is $.92. The resistance levels are at $.28, $.34 and $.38.
The fundamentals are aligning with the vision of the company, the analyses are extremely positive and investors have responded as such ......those are the reasons to be long on SAY.
GLTA!!!
DD34 wrote: Don't forget all the waste now being processed and turned into bio-fuel just like CMC. Laod the boat on this one. Wow
lotsofcash8 wrote: THRM had revenue of $3783 for the fiscal year ending in 2020. We have annual sales in the millions, we just had a profit in Q1 of our fiscal year. We have an approved HC COVID test that we can sell going forward. Thou the covid test for THRM is a home saliva test, as usaual, Rob Fia, is full of ideas and never delivers. As of today they have no approved kit. The company is just starting trials on the kits. Maybe the kit will be approved by the 10th wave. THRM investors are always being lead down the garden path by Fia. How their share price stays where it is, is beyond me. Unlesss there are a lot of bag holders, when the price ran up to a dollar.
We have revenue and HC approved kits. GLTA