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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 Apr 17, 2024 10:04pm
131 Views
Post# 35995113

RE:RE:RE:RE:RE:Timely tweet ... Pricey sponsorship rings..........

RE:RE:RE:RE:RE:Timely tweet ... Pricey sponsorship rings..........

No.  It went up on the AEP partnership and the partnership included warrants priced between $5 and $10.....in addition to the $5 million or so they received.  Thermalonox, which was the technology being tested, did not pan out.  

Fundamental reason?  Market cap.  Significantly less shares outstanding at that time.  Equivalent today I think would be somewhere between $1 and $1.50.  

But yes, the real revenues much higher today than at that time, it is just that the potential was greater with potential mass rollout of the TNoX $5 million applications...I would say the imagination adding up to quite a bit more than our unknown 26 PDAs.  And quite a few potential mega projects....before the collapse of the financial markets 2009ish. 

The world however is more ready today to put some $ besides just talking about environmental concerns.

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