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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 TMG12FORWRDon Mar 11, 2020 1:51pm
83 Views
Post# 30794334

recent SP...

recent SP...Feb.12/20 TMG closed at0.14 cents and I believe it went to a high of 0.15 that same day.
May be off on the latter, but not on the 0.14, Feb.12/20.

March 11/20 1:00PM approx. it sits at 0.07.

That is a 50% drop in SP in 28 calendar days.  
I believe, I came across, that it also managed 0.07 cents in spring-summer  of 1991 on its first public listing.  That is 29 years.  

I can't describe this as "gloomy" as according to some here "It only makes it look gloomy."
Amazing denial and others are apparently thought of as gullible enough to take in.  

What is bothering me is the total lack of input from management in any way shape or form since the 1st. 1/2 and 1/4 two  financials along with no $ significant sale of $500000+/- since Nov.18/19.
No doubt the 1st. 1/2 financials were very encouraging.  They included a back log of $8.2m. which I am hoping can carry TMG, however, they have to be able to compete the project  to get paid. The 3rd. 1/4(Dec.,Jan.,Feb.) is usually slow for TMG but now they, as so many everywhere are being stymied by the corona virus.  The European sphere as a key market area is being choked.  I do not know that TMG can muddle through with sales attempts, perhaps using online selling which i would not see as a successful means of approach to connecting and closing sales.  And, as mentioned above, they have to be able to complete the project.

So, what about this "lack of input by management?"  Are they looking into government assistance for SME to see if TMG is elegible?  Just where does TMG stand amongst all the ongoing angst and does TMG management have a "Go Forward Plan" even if it is to simply to preserve it as an entity?

What are your observations and thoughts on holding TMG shares?

As one other poster here, I also hold 100000s of shares and have not sold.  
With a 0.075 SP one account moved into the red.  At 0.07 SP both accounts are now in the red.  






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