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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 May 04, 2024 10:32pm
101 Views
Post# 36023680

RE:RE:RE:RE:All good things come to those

RE:RE:RE:RE:All good things come to those A number of years ago Thermal raised some financing with some institutional investors.  I believe one had over 20 million shares but in the end they dumped all of it on the open market.  Those that knew the stock was dropping because of this got a steal of a deal.  I believe some insiders did.  There was no halt or explanation for the unusual market action.

What we could benefit from if the stock was a dime or so higher is an equity raise with a strategic investor.  Imagine $4 million for 10 million shares.  Not much dilution, but could really hire some folk with solid related experience to accelerate growth, or help fund a solid acquisition.

That's the kind of institutional involvement we need IMO.
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