Fear of the unknownThis is basically where we are right now. Not knowing what's being worked on or what other sales may have already been made that the company doesn't feel merit a nr makes it difficult to come up with a proper value for the shares. We do know that all indicators are pointing up given the inroads made with the NHS and the Kruger deal which could see more applications of the same product should it prove successful. Thurso facility getting a second life also bodes well for TEI.
The cancellation of over 3 Million shares shows they are getting the books in order to the satisfaction of the TSX. The settlement with the former CFO indicates their willingness to clear up matters quickly and move on with the business plan. A plan I feel management has been sticking to fairly well. Overhead costs have been reduced to the point where it may have flattened out and money is not being spent on sales rep's salaries before knowing they actually have a market or sale in that geographical area.
It very much appears that TEI is in a sweet spot right now where revenue is close to covering costs and any further contract announcements should move the share price quickly as profits will go directly to the bottom line or at least towards growing the business even more.
Another thing we know is that this is an extremely tight ship and potential news/sales are kept closely under wraps.
For this reason I believe further announcements will catch share holders off gaurd as to the timing and be viewed positively by new investors and present investors looking to add to their position.
NA. sales of the GEM product line have basically been non existent and that is yet another area we should see growth in over the next few months.