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Therma Bright Inc V.THRM

Alternate Symbol(s):  TBRIF

Therma Bright Inc. is a Canada-based company, which is a developer and partner in a range of diagnostic and medical device technologies. It focuses on providing consumers and medical professionals with solutions that address medical and healthcare challenges. It is involved in developing, acquiring, manufacturing, and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace. Its product offerings include Covid-19 diagnostic test product line, such as AcuVid COVID-19 Rapid Antigen Saliva Test and AcuVid COVID-19 Rapid Antibody Test; Sores & Bite Inflammation Therapy product line, such as InterceptCS Cold Sore Prevention System and TherOZap, and Muscle Pain & Blood Circulation Health Therapy product line, such as Venowave, which is a circulation booster designed to improve circulation in the lower extremities. Its products include Benepod, Inretio, AI4LYF, Invixa and Instatin, and others.


TSXV:THRM - Post by User

Post by Smokey1958on Sep 27, 2024 11:45am
152 Views
Post# 36244146

Follow the Money….

Follow the Money…....and the dates. While I was surprised (disappointed) at the extent of the offerings as presented in the NR today, there are caveats.

* you need money to make money and there is little to none of it on hand at the moment for THRM
* according to the CMS, the codes for Venowave don't  take effect until next week 
* no codes, no sales, no revenue, no cash
* if Venowave sales do accelerate in the next few weeks cash will be required to ramp up production ...if that hadn't started already.
* while an R/S may eventually be necessary it will only happen if Venowave proves initially successful and/or there is/are significant updates on THRMs other interests.

Venowave is a fantastic device that "should" make significant inroads into the $$$ available connected to blood clot prevention and circulation enhancement. There is really nothing like it on the market and none that have had their product validated with the issuance of reimbursement codes.

GLTE ...holding patiently, if not tentatively!!!
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