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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 AlbertESGon Feb 04, 2024 6:16am
139 Views
Post# 35861691

Insider buying

Insider buying
It doesn't make sense to me that Bill would buy shares on the open market when he has many millions of options that are vested and in the money. I think that most of them have a strike price of 10 cents or less. So yes, it's a very good sign if Bill is increasing his holdings in this manner.

Another possibility that I have been thinking about is that Bill did some sort of re-jigging of his holdings, and bought shares in one account or structure and then sold in another. This would explain Friday's dump of shares, since I find it coincidental that the big market sell order that hit the tape was for around the same amount of shares that Bill purchased earlier in the week.

Be on the lookout for more insider reports.
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