Thermal Energy International Inc V.TMG

I don't know if the information is correct

[Polque]

but according to SEDI, Crossland recently sold 200,000 shares at .27...and during this time he gives conferences and encourages that it's time to invest, it's a funny way to promote your own company...unless I don't understand his way of doing things

[Mostlyserious]

It would appear that 300k shares were sold within his spouse's TFSA account. He knows he has to file, he knows the optics.  Never as good as a purchase so it is what it is - raises questions versus generating excitement.  Action not consistent with words even though it may be for very good reasons nothing to do with our prospects here.   Hopefully his assessment of having

[ARIMA11]

That's accurate and he is not the only one at TMG who sold shares. Exercising of options is one thing but outright sales of Class A shares is another. Especially at this juncture.... Does not feel very bullish.

[ckwong]

I agree the optic is not good. But the total value is $81,500.

[AlbertESG]

Pretty much the entire management was selling last week.

[Mostlyserious]

Yes, exercised cheap options and pretty well sold the shares immediately.  Raised some money for the company but not a significant amount. We can just hope that they don't care for holding shares.  Same thing happened late last year and they sold between 19 and 20 cents. As long as they are not feeding us business outlook that is not representative of the reality.  But if

[panapple42]

Shades of 2021.