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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 TMG12FORWRDon May 07, 2022 7:19pm
262 Views
Post# 34664883

May 7/21 the share price was 0.225, and today...............

May 7/21 the share price was 0.225, and today...................................0.085.

I can accept the steady decline through 2021 while also understanding COVID had its beginning in North America Feb.-Mar./20.  Those two years were devastating from the super companies filtering down to the smallest.  The latter suffered greater devastation as the slow down amongst the biggest would see them cut off any smaller, simply the need for them is not there with no demand.

Now we are into 2022 and COVID is still here but we have learned to live with it and its strains appear to be bearable by most with recovery from over a week +/-.  Lot more business dealings are opening up to face-to-face, maybe maintaining COVID standard procedures of masking etc.  This is not going to mitigate poor showing in 1/4 four of f./22 nor the f./22 year end financials.  One,IMO, must look out to f.2023 and hope to see recovery.  Even that could be a toss up as to occurring or not.  

Getting pretty iffy but I will hang in with a considerable holding for now.


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