Biorem Inc V.BRM

AGM sounded really positive

[KnowledgeSeekr8]

Some highlights that I remember
- Record backlog as announced this week
- $9.5 of that $11 million was from one project. It was with teh city of Las Vegas and marks the largest deal ever for Biorem passing the old mark from 2020 of $6
- $76 million are currently in negotiations and David said with confidence that at least half should be won by year end
- Recurring revenues are increasing and will provide a more stable revenue stream in the future
- There are some merger/acquistion talks ongoing with multiple prospects (but not imminent
- His general tone I felt more optomistic than usual

Looking forward to seeing where this company is in 1-2 years and also where the stock price can get to. I don't think its pie in the sky estimate we could see $2-$3 in that time frame

[Possibleidiot01]

KnowledgeSeekr8, welcome back One correction , Derek. Some more details. Average size of contracts , 2021- $250,000 -last year - $500,000. Twice the sales funnel. $50.6 million backlog plus order won today ( no details) 40% growth rate in formal tenders ( defined as quotes with formal budget attached). Historically as you said 50% conversion rate. Internal capacity to add $10-20 million with

[KnowledgeSeekr8]

Great work on all those additions, I just went with the highlights I remembered.  Looking over all the positives again just makes me happy I've held on to the majority of my holdings. If this company isn't 40-50 million market cap within 5 years I will be very surprised. GLTA

[Possibleidiot01]

Took notes because I knew I would forget some of the moving parts. The market capitalization is essentially unchanged from before the buyback of the Chinese investors which means the improvements - dry scrubbers, media replacement etc. etc. have not yet been recognized. For me , this is a "from my cold dead hands" investment.