RE:RE:MD&A infoLooked af the financials.
To be fair, fhe balance sheet has been cleaned up. There is no debt to speak of, buf cleaning has come at the cost of dilution. Outstanding share count is now over 100 million, fully diluted nearing 150 million.
The $1.2 billion project they talk about (phase 1 somewhere under $400 million) has PO that should be inside their $1.3 million order backlog as at end of August. They talk so much about the project yet don't disclose how much their PO is. Competitive reasons? Well, we know it is not more than $1.3 million. Want to spend a few minutes to narrow it down, take a look at the backlog before they won it and wait until Q1 when it is expected to be shipped. But that is typical Sharc that I know. Throw $x,xxx,xxx,xxx and $yyy,yyy,yyy figures around and struggle to record $500,000 quarterly revenues.
SHRC market cap $25 million. TMG around $16 million, yet profitable and cashflow positive and should easily exceed $20 million revenues next year. TMG's ability to promo its stock is something they are horrible at and unfortunately I don't think will improve much unless they bring some new faces to the executive and board tables. Sharc has them beat there for sure.