RE: Annual report spells it out
cbrit, you should never invest in a small cap like Thermal for the quality of its Balance Sheet.
Also, the revenues and the net loss are in line with the expectations. Nothing more, nothing less.
That's all we can ask at this point in time. They are following their business plan.
Anyway, the financial statements reflect past information.
I suggest you read very carefully the CEO and president messages. You will find a lot of very interesting information, which will help you to take a better decision.
Mart