Therma Bright Inc V.THRM

Analyses

[Smokey1958]

Morningstar's Fair Value sp for THRM is at $.50 as of market close on Friday. The resistance levels are squeezed between $.16 and $.175 and the strongest support is at $.155. 

Yet there are still individuals posting here of doomsday scenarios of $.07 to $.10. Is it possible, absolutely, as anything is possible on these junior exchanges. Is there any basis in fact on these outcomes .....NONE!

Even accounting for the number of outstanding shares, the Venowave contract alone should yield a sustainable sp above $.10. That is particularly true if sales by DME Authority can meet and exceed the minimum value of the contract of $10 million annually.

[TomConstantine]

$1.04 to 15 cents. They "could" make 10 million on Venowave. They "could" make 100 million on test kits. Anyone know who's buying test kits? Companies? Governments?

[Vincenzovega]

https://www.npr.org/2022/05/16/1099335734/the-federal-government-is-offering-another-round-of-free-covid-tests?utm_campaign=storyshare&utm_source=twitter.com&utm_medium=social Another round for the USA people, eight free rapid test to any household - 334,742,225 people in the USA at an average of 3 people over household. Math: > 334,742,225 people in the USA  divided by an

[TomConstantine]

Contracts from what few tests are required in the world are already spoken for. $5 mic drop haha.

[Vincenzovega]

If that was the case we would have a panic sell. Hmmm, 10,000 shares traded so far. Nope people are holding on to their shares. Tom what's your agenda by? Being on this board and being so negative?

[Smokey1958]

Don't pick and choose, Tommy. Yes, THRM like many, many other stocks hit a peak. The following speaks to that ...as it has NOTHING to do with THRM exclusively. Check out the 3 year (last two years in particular) graph for both the CSE and TSXV. You'll see a dramatic buildup until late February 2021 ...and then an explosion as the CSE dropped faster than it had gone up. In fact since

[ClemFandango]

The only way that bashers can appear to be credible is to cherry pick data that will fit their narrative. If they had to analyze all relevant info or try to be logical, then their purpose in life becomes questionable. Pretty pitiful if you ask me.

[spygate]

agreed...but the same could be said about pumpers...

[TomConstantine]

Little to no revenue streams is what the company currently has and we have a deteriorating test market as everything is open and there are little to no restrictions. You don't have to test if you are vaccinated in most countries and more countries than ever don't require anything anymore. Sorry but this is reality.

[Smokey1958]

Answer the question, Tommy! Where do you and locknut get a fall to $.07 from? Locknut has been saying this since last year. As for revenues, THRM just shipped 2500 Venowave devices to DME Authority. Do you think they gave these away? Don't forget ....answer the questions!!!  

[TomConstantine]

Done two runs on this already. Hit bottoms and tops. How much did they make on the 2500?

[moonball32]

Smokey, do not question his authoritay, he talks to doctors all over the world that tell him stuff, lots of stuff :)

[TomConstantine]

Maybe someday you'll leave your neighborhood and meet new people. Haha. Now that I calculate the financials with the 2500 medical devices I come to a near term price target of $50. My apologies I was so off.

[spygate]

its funny that you keep making fun of everyone yet they have been closer to actually what is happening than you and the pumpers with your $1, $3 & $5 predictions.

[Dude51]

So THRM shipped 2500 units each unit has 2 Venowave. Anyone know how much per unit or how much per Venowave? Trying to figure the 10 million angle. FDA could be slow balling us. I think June 17th could potentially change things especially if we have sold all the Venowave to some hospital and they ordered a bunch more. Come on folk we could have some good luck, it's doable, God knows it's

[hk1966]

Posted an in-depth analysis about 3 sundays ago. 

[hk1966]

Quick math based on assumption each Venowave is around 400 retai. Assume sellout price per unit of $200 to DME and purchase cost landed of $100 should get you in the ballpark. Scale from there.2500 units sold as a pair should get 2500x2x100 in gross margin or $500 k in gross margin.I am confident that in the fall they will scale up sales to DMEas the market size in the US alone is potentially 2-10

[spygate]

why are we assuming and the company not put out actuals? maybe at the corp update, that would make a huge difference in confidence for many

[Elguyu1]

[Elguyu1]

I know we are all hungry for news and that is why some seem to be making assumptions regarding Venowave All we know is that 2500 units have been shipped. What we do not know is how they have been received by the public,in other words how retail sale are going I do not think therma would have received any money for them at this ppoint

[hk1966]

Retail sale is of no concern to Therma. Please re read press releases on the matter. Therma sells to a distributor so the transaction is between only two parties. DME has apparently told Therma that there is wide interest in the device- I suspect that the slow rollout is attributable to legacy quality concerns and wanting to get it right before scaling up. The fins are speculative on my part but

[spygate]

well then we should see some financials on the Venowave transaction at the AGM...