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Targeted Microwave Solutions Inc V.TMS.H

Alternate Symbol(s):  TGTMF

Targeted Microwave Solutions Inc. is a Canada-based industrial clean technology company. The Company is engaged in the business of developing patented microwave-based application technologies to dry, decontaminate, physically upgrade, and fully eliminate or reduce environment harming emissions. The technology has specific application to mass-scale use of industrial aggregates, energy producing biomass, low-rank coals, and other materials for use by power utilities and industrial companies. The Company is a microwave process developer specializing in clean emission, high-throughput industrial drying solutions. The core of the Company’s technology is a proprietary microwave delivery and process control system designed to provide uniform moisture reduction across a range of industrial aggregates, including those with bulk densities, particle sizes and flow characteristics.


TSXV:TMS.H - Post by User

Targeted Microwave Solutions Inc > MOU signed
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Comment by junior604on Jun 30, 2017 11:08am
158 Views
Post# 26424053

RE:RE:MOU signed

RE:RE:MOU signedTwo things are troubling from the MOU: 1) "near-term financing necessary to fund its working capital deficit and ongoing operations" 2) "If TMS is unable to secure the necessary funds, it intends to review available strategic alternatives to maximize the value of its technology" Item 1) was expecting given the financial state of the company. Item 2) who knows what that means - probably not good things (sounds like a sell-off of some kind).
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