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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 Mostlyseriouson Sep 08, 2023 10:54am
54 Views
Post# 35626090

RE:Still a lot of blabbing going on about ....

RE:Still a lot of blabbing going on about ....Hitting 8 cents yesterday speaks to how much all this "good" stuff is worth, or better said not worth.

The fact of the matter is that Thermal Energy's traditional core business is in shambles.  Need to grow BEI and GEM sales by 3-digit percentage rates for a number of years to compensate for this gaping hole.

PDAs are nice, but a shadow of actual project sales.  We should get 2-3 project wins every month in addition to equally many new PDAs.

CEO's days should be numbered if this is the best he can do.  For the next stage of growth we most likely need someone who has grown a company through the next stage so knows how to do it as opposed to someone trying for the first time.  Given the SP, we cannot even benefit from his investment banking experience.

No good, no time for waiting to see whether he will do better anymore IMO.  Sad to say, but it is even sadder to lose hope in this investment after so much time when even management describes how great their market is.

Share price is the same as end of 2016....and csn pick many points going further back.

Prove us wrong.
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