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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 Dragunovon Feb 07, 2023 10:17am
174 Views
Post# 35271630

Another backlog NR

Another backlog NRTMG posted another NR about its backlog and, once again, there's no reaction in the market because TMG has already written about its backlog multiple times. Unless I'm mistaking, there were new contracts signed in January. The backlog means nothing if it does not translate into profits. TMG's equity will continue to erode until management materializes meaningful sales. Based on the trading volumes, even those who constantly praise and defend TMG are not buying. Although they constantly tell others to buy, they're content to wait and see if their faith finally bears fruit. I myself have only 2 quarters of patience left with the status quo.
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