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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It 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 (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by Stocktreeon Jan 17, 2017 2:45pm
57 Views
Post# 25718650

Poor cat0916, just learned what a period of time means...

Poor cat0916, just learned what a period of time means...
Yes, you have finally joined the rest of the human race.

If I say "it has been two years since I have seen my sister", it doesn't mean two years starting from January 1st to December 31. It means starting on the same day you are speaking.

So on January 3, you can say it has been two months since the last NR from TMG. There is no distorsion of information there. It's the same everywhere in the world.

What is distorting facts is using the backlog accumulated the previous year to count this year's sales, while adding the last quarter sales (which will certainly be cashed in the following year).

We don't know what the company has sold lately for sure, but we must assume it is not significant (a bunch of small contracts or a few larger ones, or a mix of those), because if that were the case, they would have been really glad to tell the world about it. So they are like us, waiting for something good to happen...
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