RE:Makes some shareholders happy ...or Y corp: "As of May 29, 2023, the Company has an aggregate Sales Pipeline and Sales Order Backlog of $17.7M."
Through some intrapolation, the Sales Order Backlog I believe is in the neighbourhood of about $2 million. The way it is defined is similar to our backlog which is above $20 million right now. TEI does not report on the total sales pipeline which includes proposals at various stages, of which, naturally quite a number will never result in contracts. Just the way it is for all companies, never a 100% success rate, and in fact 5-10% may be considered great in some market segments.
Our market cap is about $19 million. The market cap of this company is about $30 million.
We are 2/3rds the market cap of a company that has about a 10th of our signed contract backlog. Not saying our market cap should be $300 million but certainly there is a lot more room for some comparative balance.
Moral of the story, I do believe we are undervalued, but the shareholder base consists largely of fatigued retail investors that have lived through too many ups and downs....and are hesitent to put in more money even though all the indicators are that it is a good time to do so. In the absence of frequently signed contracts, if things are booming behind the scenes, Crossland would be well advised to find some metric that gives us an indication of the great or increasing activity while they wait for decisions of many completed PDAs, etc.
Gotta start tooting your horn in a different way if it is worth tooting. This MBC contract period better start producing some investor relations results.