Therma Bright Inc V.THRM

THRM is Doing It Right....

[Smokey1958]

....even if being forced to take the long route to get there. Of the last handful of rapid antigen tests receiving an FDA EUA for the first time all have included a "Home" designation ....meaning they can be sold and used as an over the counter device. So, while it can be tough waiting, imho one can be reassured by the fact that this latest testing was done to include that sole purpose. Will laymen collecting the sample and using the device be able to achieve equally accurate results as those carried out by a trained health professional?

It seems to mean this is not only the final hurdle but all or nothing. If the results are quantitatively similar to the in vitro and Brazil test conclusions there is no other obstacle to approval.

Morningstar's Fair Value sp is in line with this as it sits at $1.14 this morning. Barchart sentiment is also moving in the same direction with a 24% BUY today after a 64% SELL a month ago and a 16% BUY yesterday. The greatest support has moved up to $.41 and the resistance levels have converged between $.435 and $.46 ...any kind of run should see these breached.

GLTE ....the reward should be well worth the wait!!! Imagine the state of management with everything now left to the hands of others.

[mooseslayer]

Yes Smokey the reward for waiting should pay of handsomely. Someone asked about application and approval for HC. I think that Therm decided to go the FDA route which seemd to have less beurocracy that HC , knowing that they will easily be able to sell to their projected production capacity of 500K units per week after approval. As they ramp up production they can use the FDA approval and the

[mooseslayer]

There are a couple hundred thousand shares bid above .40. It's time to get past this .40 level and head to .50 Number of Shares Bid Price   71,000 shares 71,000 0.420   32,500 shares 32,500 0.415   34,500 shares 34,500 0.410

[mooseslayer]

about the same famount on the sell side to .50 But...that will change in a heartbeat if the traders see low volume and weakness. One day they will get caught, until then we wait. Ask Price Number of Shares 0.425 3,500   3,500 shares 0.430 54,500   54,500 shares 0.435