Therma Bright Inc V.THRM

Morningstar knows something?

[Vincenzovega]

Getting very interesting now!

Did Therma submit finally to the FDA?
Morningstar's Fair Value is up to $1.11 BUT there their 1-star speculative valuation has climb to $81.29. Why would Morningstar have that kinda number. The last time I checked their 1-star speculative it was at $19.04 and we all thought it was a typo error.

If it hits that $81.29 valuation Rob Fia would be right in saying his goal was to make his shareholder happy and wealthy.
Well, I'd be happy just hearing the word approval, but hearing were all happy and wealthy will flip my wig lol

[Buoyohbuoy]

So this company who made 250 bicks last qtr is now valued by morningstar to be worth $20 billion dollars??? Omg Why not 100 billion

[Vincenzovega]

Buoyohbuoy, Kushman makes a great point which answers your question. "An 'order' doesn't get recorded as 'revenue' until it's 'paid for' especially if it is a 'conditional' order or if the order was shipped AFTER the reporting period.'

[Buoyohbuoy]

What question are you referring to.

[Buoyohbuoy]

He is talking out of his azz , revenue is any sale whether you have been paid or not . Once a sale is completed it goes on the books as revenue whether cash is collected yet or not

[Boudi1959]

You are full of chitt and it seems you never had a business or worked for a real business. You can only enter the sale as income, when it is shipped and paid for and not before.

[Buoyohbuoy]

Boudi you show your ignorance, tried to help with the revenue but if you won't listen you won't learn. It might be thst way in the lawn cutting business or ice cream bicycle business but not in real business.

[Vincenzovega]

You mentioned Therma only reported $250.00 in revenues. So my point is Venowave deal of $10 million dollars (benepod sales) didn't show in this month's revenue report

[Buoyohbuoy]

If they had sales it would be considered revenue, google recognized revenue or something along those lines. But believe what u like.

[spygate]

Duh...no kidding, I don't need Kushman to tell me a simple accounting principle...man, the desperation to try so hard to find a 'nugget' naive as ever...

[Boudi1959]

I think they did submit to the FDA and are waiting same as we are. There was no needs for news release as Fia told us in the last video that he will submit everything by Christmas and wait for the approval.

[Barnie1]

He said Therma, would try to get all data submitted by Christmas. The key word is try. The data collection is out of his hands. The data collection and compiling is done by the testers at the three locations, then given to Rob and then submitted to the FDA by Therma.

[Commoncents]

As of December 29, the clinical study was not yet completed. I anticipate that it gets done soon.