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Bullboard - Stock Discussion Forum 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... see more

TSXV:THRM - Post Discussion

Therma Bright Inc > Estimated Timeline ....
View:
Post by KidCash on Dec 13, 2020 11:35am

Estimated Timeline ....

Based on the Dec 7 news release and the youtube video:

News release:

Therma will procure up to 300 prototype tests from one of its suppliers to undertake initial testing with selected sites in Ontario. The initial testing of the CoviSafe™ test will be for symptomatic patients. Therma is working with Public Health Ontario to identify sites in the Province to conduct preliminary testing and evaluation of CoviSafe™. Testing is expected to start before year end, but because of potential delays due to the holidays, may extend into January. 

As the CoviSafe™ test's performance is validated in symptomatic patients, it will be rolled out as a screening test for monitoring large populations of healthy individuals that are asymptomatic for illness. Therma Bright has received a request to perform the asymptomatic testing in the workplace with a national business with thousands of employees across Canada. The goal is to provide our solution for routine and widespread testing at home, and in schools, workplaces, sporting events and other venues where a rapid result is required.

Once testing is complete and a minimum set with 300 samples data will be compiled and sent to both FDA and Health Canada for approval under EUA with FDA and the Interim Order with Health Canada. The Company expects to submit data to both regulatory agencies in early 2021. Therma Bright and its partners have initiated discussions with manufacturers of the test with a focus on scaling production on a commercial scale for worldwide distribution.

in the you tube video Rob stated that to get the products to market would take 4-6 months and that was 2 mos ago. 

As a Transformation Manager myself, I understand the headaches and process attributed to runtime and deliverables. It seems they still need the prototypes, the locations and the coordination for these activities. The logistics and planning needs to take place. Realistically, 300 tests can be completed in 1-3 days. The processing would take place over a week and the asympomatic testing kits should have been ordered and distributed at or near the same time as the initialized tests. Now, I did read in another presser that symptomatic tests would be completed in a setting with actual infections (hospital/nursing homes I assume). All of this data will take time to collect and asses/verify accuracy to tests that lab results of 100% currently being used. 

The application process then needs to occur with the FDA and HC. This, may take 2-4 weeks. This is in line with Rob's timeline of 4 months with padding a few weeks in cases of delays (holidays/access/test subjects) taking the holidays into account.

As for news releases, I can see the next one being that the prototypes have been procured and a timeline for site selection completed.

Asympomatic sites (major company to work with) I would think would be involved with health care maybe VON or a service that delivers home services related to healthcare. These are just my opinions, but that would be a Project Plan I would be working with if managing the resources and dependancies. 

sorry for any typos... doing this on my phone!

Comment by notachance on Dec 13, 2020 11:54am
Under any normal company, I would agree with you. But this is Rob Fia, read the news releases on his other company for CVGR.  He has timelines that he wasn't even close to and posted these dates in news releases.  He's stilll dealing with Health Canada and don't tell me COVID has a top priority with Health Canada. I'm going by the words of Rob and his released timelines ...more  
Comment by KidCash on Dec 13, 2020 12:05pm
You can't compare a pot companies timelines to a pandemic driven deliverable of what is actually a requirement. This is not recreational and the medical market for pot is 14% I beleive.  Rob is not the only person at Therma working on this as well. I think there is a profit margin here that completely out weighs the MJ market and an actual market that will buy as much as can be produced ...more  
Comment by notachance on Dec 13, 2020 12:19pm
As I told you, I'm going by the dates as released in Fia's news releases. I'm comparing the man not the sector. 
Comment by magnuswave on Dec 13, 2020 9:43pm
So why u invested here if you got a hate for the guy.  U owed something or u out  of options for places to make money.  I guess u don't realize how dumb u look to hang around a story and ceo u hate so much but you will gladly take the gains this ceo is making for u as a shareholder.  Your delusional and  sound spiteful.  Be grateful that the same ceo that took ...more  
Comment by notachance on Dec 13, 2020 10:01pm
Quit being an idiot.  I'm comparing news release timelines and the source is unreliable. This is a bulletin board for posting opinions/facts. The only one that is delusional is yourself with your stupid posts 
Comment by Smokey1958 on Dec 13, 2020 10:45pm
Let's not be throwing stones and try not to be too disingenuous. You are foisting comments and creating posts that are not based on facts. Certainly not the facts of late. I've gone through your posts on other boards. They tend to be negative and appear to have the intent of driving a sp down. If you're a day trader, that's your business. But don't try to impress that you' ...more  
Comment by notachance on Dec 13, 2020 10:51pm
Too funny. 
Comment by Smokey1958 on Dec 13, 2020 12:51pm
Couldn't agree more, Kid. I've been with Thrm a long while now, sold all my shares in the summer and have since repurchased from the profits. The difference between then and now is almost immeasurable. Jenex floundered and Rob sunk a great deal of his own money into resurrecting it .....as did many investors. Arguably, he was always just behind a particular thrust and even so with ...more  
Comment by KidCash on Dec 13, 2020 1:20pm
Ya I've invested in pot stocks for 3+ yrs now. Regulation, equipment, building (contractors), approvals, inspections, various licensing, politics, competition and money (dilution), distribution, ALL drove the market into the ground rather than a competitive marketplace. You can't compare timelines and things out of your control.  This venture is a controlled enviroment, support from ...more  
Comment by notachance on Dec 13, 2020 1:29pm
Too funny. 
Comment by wallpaper2 on Dec 13, 2020 1:52pm
Check your inbox smoke.
Comment by TheNextBigThing on Dec 13, 2020 4:42pm
This has probably been touched on, but if HC approves this, it's going to be approved worldwide fairly quickly. This might be a better solution in places like Brazil, India etc. Imagine trying to get people vaccinated there? Very difficult to transport the vaccine and track who needs/has two shots. Have governments or NGOs distribute these tests to help slow and contain the spread. There will ...more  
Comment by KidCash on Dec 13, 2020 4:55pm
True but its TTM (Time to Market) and China will be pushing something out faster if they haven't already.
Comment by Ravens1 on Dec 13, 2020 5:57pm
we will face a big challenge if an approval is done quickly. what is the production capacity to respond to a massive demand.  if we cant handle a massive production Torion will be sell to a big pharma.  and what is a SP for a big pharma sell ? $3-4-5 ?
Comment by moonball32 on Dec 13, 2020 12:20pm
As your name implies, not a chance he waits till February, keep shorting and good luck to you with that plan
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