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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

Comment by AlbertESGon Nov 25, 2021 12:57pm
90 Views
Post# 34165690

RE:RE:RE:RE:RE:RE:12.5 cents

RE:RE:RE:RE:RE:RE:12.5 cents I thought that Oak was brought in to help find investors, not help find clients. Unless you're talking about getting out there and finding some institutional investors.

Here is something to ponder along those lines: back in 2008, the old management team was able to sell via private placement 70 million shares at 22 cents to a few ESG funds or whatever they were known as back then. Proceeds were 15 million bucks. Adjusted for inflation, that is more than 20 million dollars in today's money.That's pretty much what the market thinks this entire company is worth right now. 13 years later!

And think, the company was much smaller then - maybe 3 -5 million in annual sales. So yes, it is possible to bring in large investors, especially now that ESG is hot.
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