Thermal Energy International Inc V.TMG

Alternate Symbol(s): TMGEF

Industrials

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.

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Thermal Energy International Inc > Honestly, I think I smell a cheap financing on it's way

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Comment by Mostlyseriouson Jun 07, 2024 10:53am

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

Need to consider the operating working capital as some of that cash is needed for current liabilities. Crossland always wanted to be comfortable in this regard, so unless the WC grows significantly over the next quarter or two, I think he would be looking at external financing. Hence the importance of the highest possible share price - better terms, less dilution.

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