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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 Dragunovon Sep 13, 2023 10:50am
111 Views
Post# 35633728

RE:RE:RE:RE:RE:The trend of ever smaller Flu-Ace orders has been broken

RE:RE:RE:RE:RE:The trend of ever smaller Flu-Ace orders has been broken
Polque wrote: I only hope that this morning's news is not precursor to a disappointing year end financial result.

A bare break-even is the likeliest scenario, Polque. Given that this 1st noteworthy sale occurred 4 months into this new fiscal year and...

The project is expected to be completed and revenue earned within 12 months.
 
... we can't expect much improvement. TMG needs $5M per quarter just to break even - likely even more now due to the rising costs of energy and compensation - and we haven't seen that. Given that Crossland continues to spread all work over outrageous timelines, there appears to be neither drive nor urgency in his actions to change the status quo (i.e. the production capacity). He will continue his self-serving income smoothing scheme until his retirement unless we stop him.

Crossland also stated the following:

"...this customer has about 40 sites of interest around the world..."

I've seen this BS before and it never seems to go anywhere.

Hope I'm wrong with my assessment and this long-awaited sale is a start of something good for us outsiders.
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