Hi guys, This is such a thinly traded and thinly posted stock i thought i might add my 2c worth. I have owned HTI for over a year now and was extremely excited with the technology and prospects.
However, its now past June 08 and the company forecast to be cash flow positive by now, but the financials arrive and we find that they are nowhere near that. Revenue a measley 160K and they have increased their burn rate to 5mill pa!! that is hardly justified and until they deliver, they should not be paying themselves 2 mill pa. All good ideas need brilliant sales and communications, and that should be their focus. Close the deal! They have the exclusive technology and potential clients need to commit.
I find it dissappointing that their big engineering partners have not drummed up work for them. Surely they are busy with one project after the other, so if their engineering firms are only paying lip service, maybe its time to offer their technology exclusively to someone else who starts installing MPS immediately. Is it profitable for engineering firms to use MPS or are they making more money by installing their old tested and tried methods of sructural protection.
I agree we need to see results by christmas but i suggest we do not wait till christmas to find out if things have changed or we might end up dissappointed like we where now. My opinion in the past was it was not a matter of if they could make this into a commercial business but when. Now i am not so sure. Can they stay solvent long enough because the pipeline moves awfully slow so they better keep stuffing more new proposals in the pipeline, but more importantly speed up the acceptance rate. regards
jh
long term high risk buy massive potential if they can pull it off
HTI Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held