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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 ilikesleemanon Mar 15, 2006 3:11pm
266 Views
Post# 9821525

common shares

common shareson page 10 of the 2005 annual report one can see that the number of shares issued increased from 35,511,949 at the begining of 2004 to 63,198,899 at the end of 2005. On the TSX web site it shows TMG as having over 70,000,000 shares outstanding. A100% increase in 2 years. The 2005 annual report also identifies 12,024,698 outstanding warrents and 7,043,714 options outstanding. When exercised this will bring the total common shares outstanding to almost 90,000,000. WOW I too will vote NO, unless I hear a good reason for consolidation. ilikesleeman
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