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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. is a Canadian clean technology company. The Company provides energy efficiency and emissions reduction solutions to the Fortune 500 and other multinational companies. The Company operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. The Company markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEM steam traps). The Company is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). The Company has two operational bases, one in Ottawa, Canada covering North America, and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by RJSullivanon Aug 04, 2016 3:30pm
115 Views
Post# 25111377

Someone keeping the share price down?

Someone keeping the share price down?I have been wondering for some time if there is someone shorting the stock or otherwise keeping the price down. I mean, the company's financial performance for the first 9 months of FY16 is well above the year before and pretty close to where it was in FY14 for 9 months, and that was a very strong year. Now, close to $2 million in orders announced in a little more than a week and we're still stuck around the 4 cent mark. Good volume today. But it just seems like someone is keeping the price down. Based on how the share price used to track with revenues I would expect it tobe trading north of 8 cents based on 9 months revenue. 
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