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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

Comment by Mostlyseriouson Dec 03, 2023 8:39am
119 Views
Post# 35765693

RE:RE:RE:RE:RE:RE:RE:RE:Options

RE:RE:RE:RE:RE:RE:RE:RE:OptionsQ2 will likely be released at the end of January.

Your observation regarding accounts receivable over 90 days is one I never would have looked for given Crossland's continuous emphasis on the focus on large clients.  Thermal offering products with great paybacks to world's largest companies and financing them is simply not something that should be happening.

I have many times commented on my head-scratching how there seem to be relatively few multi-nationals with many plants signing repeat heat recovery deals with some degree of frequency one would expect.  Add this collectability issue and there are things that we don't have a clear picture that Crossland's narrative IMO detracts from.

And as we were speaking of options, the point that Panapple brought up before, how come Harden, the VP of North American sales does not have any?  Or is it that forever reason they think that this executive does not have to disclose his share holdings?

Sales over the last year have been good, in comparison to other years, but things like this seem to demonstrate that we are very far from a well-oiled machine that we could be leaving quite an upside on the table.  Clearly a "buck" sooner rather than later (maybe not a buck but some multiple of 20 cents) reference that Crossland made in an interview was not a half joke but a full joke....and the insiders know it.

Having said this, I don't expect the share price to drop into lower teens again.  If it did yet again midst of purported sales activity, I think it would truly be the time for someone else to lead it to the next level.  Who?  I don't know, I am a little dumbfounded that their search for directors involves ads.
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