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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 mart2on Jun 02, 2004 7:24pm
87 Views
Post# 7564512

RE: going......

RE: going......Erebel, your are not bringing very solid arguments... The fact that Mr. Hinke is an engineer doesn't mean that he is the right man at the right place. It's not given to anybody to run a company and be able to maximize its potential (if so, I would vote for all of the engineers, lawyers, accountants, architects, etc. of this world to run a company). It doesn’t mean however that Tom cannot ands should not have an important role in this company. I don’t know Mr. Hinke and I cannot judge about its qualities and its abilities. But the facts speak for themselves. The stock price is currently standing at $0.09. It's lowest level in more than 5 years. It all happens at the same time as the price of oil reaches all time levels and companies are trying to reduce energy costs and pollution. It's obviously not happening because of a market effect. It is simply happening because of the company's very poor financial performance over the last years. Give another chance to Mr. Hinke? He had already many chances in the past to prove himself. But he failed. I am not judging, simply looking at the facts. Time is running out quick… The company doesn’t want and doesn’t have the capacity to wait again. Mr. Hinke had very high expectations at the beginning of this year and he made it clear publicly. It is clear now that he has not been able to deliver. There is a price to pay for this. Time for him to leave its seat to someone else. Mart
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