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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 ramman1on Jun 06, 2024 8:25pm
185 Views
Post# 36076655

Honestly, I think I smell a cheap financing on it's way

Honestly, I think I smell a cheap financing on it's wayI figure to hire 9 employees (  $ 60000)each ,wages and benefits, double the size of the GEM trap capacity,whether building is owned,leased,or rented, and re-tool operations for various products, we are looking at $ 4 million dollars. So far ,approx $ 500000 is charged against new operations costs.------- Makes no sense to charge $ 500000  for next 6 Q's, so a financing is the alternative.--Of course the downside is it will be cheap,''maybe''  20million shares at .18 or .20 ???. That would explain the walkdown on share price so the shock of  a lower share value to .20 is not as extreem . Is the start of a financing already in progress ?  -----  Company is in good shape financially, but as an engineering company with a sales line of fine equipment ,large clients will want to be sure TEI can deliver on large contracts,and the financials have to be pristine.-----Trouble with a cheap financing is that unless contracts roll in quickly,it's a takeover candidate .  Just my opinion. 
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