fccIm just going to post this one regularly
Rinse and repeat
Has Beast forgotten to take his pills? I'm worried for him, spending this amount of time - every day - because his father got sucked into this stock 20 months ago (and sold with a small loss shortly after if I recall). And he has no other vested interest in the stock? I'm sure people believe that story.
And it's the same narrative day in and day out; WALL SCANNER, WAIVER, PO, CRAMER.
CMR is not a wall scanner, it is a through D-wall imaging system. I'll post the definitions below for your thick head to grasp:
Wall imaging system - A field disturbance sensor that is designed to detect the location of objects contained within a “wall” or to determine the physical properties within the “wall.”
Through D-wall imaging system - A field disturbance sensor that is designed to detect the location or movement of persons or objects that are located on the other side of an opaque structure such as a wall or a ceiling
The waiver application doesnt give a flying fukk about the classification. They only want to expand the number of users, i.e. to allow security personnel to operate the device. The CMR classification is EXACTLY what PAT1 wants, because it allows the CMR to do exactly what it is intended to do: be placed inside a wall or ceiling (i.e. covertly) to scan for objects (i.e. weapons) on the other side of that wall or ceiling.
The PO is exactly that - a purchase order made by a reseller for installation at an end-user, i.e. not a binding contract. It was also a 90 day trial. Something might of happened during trials, the end-user might of had unreal expectations or the reseller withdrew the PO. Three parties involved, yet you put blame on PAT1 without knowing schhit about the situation. In the end, PAT1 are not obliged to post a news release in relation to that.
The Cramer situation - Cramer are not required to sell anything the first year (like you are trying to imply). They only need to do that if they wish to maintain the agreed System pricing between PAT1 and Cramer. What Cramer is required to do is to sell a MINIMUM of 150 VRS units at any time and point during the Agreement period
Anyway, the financial posted a few days ago is insanely good.Too bad the next report (year end) is not due until end of October. I think most has been covered already on the board. What I noticed however (besides the obvious overall progress and REVENUES from PATSCAN and Xtract) is the wording on the "Business of the Company" section. From the latest MD&A;
"The principal business of the Company is to commercialize an integrated, layered, multi-sensor platform of technologies,referred to as the “PATSCAN™ platform”, with the aim of enhancing public health and safety. The Company’s mission is to be the foremost global proponent and provider of innovative threat detection and counter terrorism solutions and services for public safety. The Company is in the early stages of launching commercial operations as of April 30, 2020."
Compared to the previous MD&As;
"The principal business of the Company is to commercialize an integrated, layered, multi-sensor platform of technologies,referring to as the “PATSCAN™ platform”, with the aim of reducing the threat of mass casualty events. The Company’s mission is to be the foremost global proponent and provider of innovative threat detection and counter terrorism solutions and services for general public safety. The Company has not commenced material commercial operations as of January 31, 2020."
Let the games being. Looking forward to the 5 CAD EOY. GLTA longs!