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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 > Rob Fia
View:
Post by Smokey1958 on Dec 21, 2021 5:45pm

Rob Fia

Thought I would weigh in on the notion of a buyout. Should (when) the FDA EUA is delivered I will be absolutely shocked that Rob would/will try to convince shareholders that a buyout is a good idea. It will certainly not be in the near future solely because of the capital required to jump start the manufacturing of AcuVid.

First of all he has agreements in place for manufacturing and is already in the midst of fulfilling the initial orders of the Venowave 2. I have no idea where the money for this is coming from ...but it's obviously available. The same will happen for AcuVid.

Second of all he has invested far too much time and money in the company both as Jenex and as Therma Bright ....yes I've been around that long. As first an investor, then a director and finally the CEO, imho Rob will do all he can to profit from the time, energy and his own money that was invested. He has been on a mission for quite awhile now.

Finally he took a left turn when he created a subsidiary and took on partners to let AcuVid (CoviSafe) run on its own. He wasn't long demolishing that paradigm shift and got back on track with THRM ....and its shareholders. So he made the decision to go this alone.

Yes, shareholders would have a say in a buyout and unless there was either 1. no way for Rob to move forward with AcuVid as part of THRM or 2. The offer was exceedingly generous, there is nothing to suggest this is something he would be remotely considering.

I would only add that if for some reason the sp for THRM was to take off and move into the $5 to $7 range all bets are off. Even then he might have to believe that that is a ceiling that he would struggle to manage THRM through before expressing a want to sell.

Certainly just my opinion ....but you don't go through what he has for years now and suddenly not have a plan to bankroll AcuVid production.

Cheers!!!
Comment by Kaiser on Dec 21, 2021 6:14pm
Well said Smokey, careful tho Boudi is going to call you an idiot because you don't agree with a buyout.  Lol  
Comment by TheLandedEagles on Dec 21, 2021 6:23pm
Well taken and accepted as well thought out. However, keep in mind that Fia owns over 17mm shares and over 9mm options fully vested. Fia has alot to gain here and will apon an acceptable offer convince the board and shareholders that its in the best interest and of great value and returns to ALL shareholders to accept a potential offer presented...and I personally respectfully would say to forget ...more  
Comment by Buoyohbuoy on Dec 21, 2021 6:34pm
no,no you are way off , i am suggesting a buy out if lucky in the .20- .30 range , yes more and likely that range
Comment by Trueblood on Dec 21, 2021 7:04pm
This post has been removed in accordance with Community Policy
Comment by Boudi1959 on Dec 21, 2021 7:38pm
I gave you a thumb up because you deserve it. Funny things here people talk to talk but they are not business minded people. The people against the buyout are people who will sell at 0.50 cents or $ 0.75 cents for god sake. You are talking to people who day trade the stock for pennies. Do you think these people are going to wait for THRM to hit # 5-10 or whatever number? they are selling for 2-3 ...more  
Comment by Kaiser on Dec 21, 2021 7:59pm
Sorry but this is wishful thinking and your contradictions are funny.  No ones againts a buyout it's just not gonna happen especially at $5-10  You can't say Rob is a business man and then say oh we have no sales in Europe because Rob wants to only sell to the Americans. LOL My prediction with approval is $3-4 and I'm being generous. Learn to walk before running.   ...more  
Comment by juniorbullalive on Dec 21, 2021 8:02pm
This post has been removed in accordance with Community Policy
Comment by Smiles62 on Dec 21, 2021 9:40pm
Totally agree with you, the next gold mine is the vaccine fix.
Comment by juniorbullalive on Mar 16, 2022 7:05am
This post has been removed in accordance with Community Policy
Comment by Boudi1959 on Dec 21, 2021 8:55pm
You are a very small minded boy, go back to Sona
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