RE:Remember my question 2 weeks ago about complianceI was wondering where you were going with your question that day. I also remember you said you bought 4 and added at 6 cents guessing you are under the 5 cent pp. Seems like you knew a lil something, something about this deal in advance? The PP hurts momentum without it we would of ran this week now we need more news. What can you do? Was this pp based on an average over a time period?
osirus1 wrote:
As promised here is my reason ;)
So my question I posted was about a company stating they were in a need of being even more complaint with regulations and a possible new order (meaning they must have at least 1 already) for monitoring equipment that will comply with the regulation. Dated March 13th https://www.neb-one.gc.ca/bts/ctrg/gnnb/nshrppln/gdncntnshrpplnrgltn-eng.html#s39
https://www.neb-one.gc.ca/sftnvrnmnt/cmplnc/index-eng.html
I am wondering if you can answer if Fox Tek would make a company compliant with the majority of these requests?
A monitoring program is aimed at the identification of any issues or potential concerns that may compromise the protection of the pipeline, property, persons and the environment (e.g., pipeline integrity or erosion, security, etc.). It includes methods for developing measures to prevent or mitigate the impact of the identified issue(s). The program also provides for follow-up monitoring of sites where mitigative measures have been undertaken to determine their success or failure, a system for implementing additional mitigative measures as necessary and a feedback system that allows for adaptation of successful mitigation to future pipeline projects.
Surveillance is a component of the monitoring program that focuses on the frequency and methods of surveillance of the pipeline. This includes ensuring employees use approved safety procedures, contractors are adhering to the environmental requirements of a task, encroachments upon rights-of-way are detected, construction activities are known, etc.).
Surveillance and monitoring programs should include, but are not limited to, the following:
- (a) aerial and terrestrial patrols;
- (b) pipeline pigging;
- (c) soil-to-pipe surveys;
- (d) crossing inspections;
- (e) construction and operation inspections;
- (f) pressure testing;
- (g) purchased material inspections;
- (h) class location surveys;
- (i) erosion monitoring;
- (j) slope stability monitoring;
- (k) health or occupational exposure monitoring; and
- (l) relevant environmental practices, such as those for the management of:
- (i) materials storage and waste;
- (ii) vegetation;
- (iii) soil quality;
- (iv) air quality;
- (v) noise;
- (vi) wildlife and wildlife habitat;
- (vii) water quality and aquatic resources; and
- (viii) heritage resources (including traditional land use).
Monitoring programs should have specific goals and targets and could include methods for the evaluation and interpretation of collected data.
The thread
So how many deals was agreed are needed for us to breakthrough?
I agree with you to hit $265K cdn$ no hype, no pump we need buyers. We need sales because the aggregate sales price for the 20 Fox-Tek systems is $1.5 million so they run $75,000 us$ each so we need to sell 3 and half of them a quarter or 7 in a half year. How many were shipped to the Saudi's?
Now is this $265K include the recurring monthly fee for monitoring? That can be as much as $8000 us$ a month 3 months in a quarter so $24000 so really each unit is $99000 for the first quarter $124,000 for the first half year or 2 quarters so using your guide line we need to sell 2 in the first quarter then we can sell only 1 each quarter after 4 and after 8 which is $192K a quarter we can sell 1 system every 6 months and still hit the numbers give or take.
You are so right this is very undervalued.
How many were shipped to the Saudis again? I ask because after we sell 10 systems the revenue each quarter is almost a quarter million at $240K.
newdaydawning wrote: ....according to the June 1 MD&A. FoxTek is clearly the crown jewel in this play. But revenues from FoxTek have been lumpy over the last two years, with a peak of $265K during Q4-2013. AAO must top that mark for at least two quarters to warrant its current $18M valuation, IMHO.
newdaydawning wrote: A company which has never made a profit and trades at more than seven times trailing annual revenues is definitely under-valued.