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Bullboard - Stock Discussion Forum 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... see more

TSXV:TMG - Post Discussion

Thermal Energy International Inc > The trend of ever smaller Flu-Ace orders has been broken
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Post by Finegan on Sep 13, 2023 7:47am

The trend of ever smaller Flu-Ace orders has been broken

Congratulations are due.  This is a fantastic order.  Feather in Crossland's cap.  Congratulations to all Thermal employees who had a hand in this..  

Having said this much work has to be done on investor relations. a three month radio silence is inexcusable.
Comment by panapple42 on Sep 13, 2023 7:55am
"Global Master Services Agreement"  40 Sites of interest....
Comment by Mostlyserious on Sep 13, 2023 8:16am
If the client will not wait to see the implementation and results of this project, I figure there should at least be another $4 million in projects signed within a year for this one client. Get going with the other clients! And hopefully they are not giving them aeay to some of tbe biggest companies in the world at low gross margins just to land these contracts. 40% traditional pre-this-CEO was ...more  
Comment by Mostlyserious on Sep 13, 2023 8:08am
I hope you are being sarcastic. This type of project and Master Services Agreement was out there to be had probably some moons ago. From investor relations perspective, big fail IMO.  Why not starting to create a buzz upon signing the MSA?  Why not try to get a couple of pennies head start with such an announcement to grease the wheel?  What's up with the link to make the ...more  
Comment by Finegan on Sep 13, 2023 8:18am
Mostlyserious.  Please relax.  My comment underlines that this is the biggest Flu-Ace ever sold. Over the last several years Flu-Ace contracts have gotten ever smaller and less frequent.  I am simply recognizing the importance of this latest deal.  So no, I'm not being sarcastic at all.  Crossland has many faults and failures but today he must be recognized for ...more  
Comment by Mostlyserious on Sep 13, 2023 8:29am
Thanks.  I am fully relaxed, because at least we got a sale.  We will agree to disagree on the level of kudos to Mr. Crossland for the reasons I stated.  Had he landed this type of a contract even half a decade ago close to a decade of being at it, I would bet all my money that we would not be at this SP.  And maybe we could have even beem more than half a buck.  SP is the ...more  
Comment by Polque on Sep 13, 2023 9:25am
I only hope that this morning's news is not precursor to a disappointing year end financial result.
Comment by Mostlyserious on Sep 13, 2023 10:22am
Very low volume for such good news. They are not on any new investors' radar screen.  I would have thought that MBC's job would have been to grease the wheels that news like this would be a trigger for some bigger investor that things are happening and such validation would have them jump in. Just shows how much work they have to do to effectively run a publicly traded company.
Comment by Dragunov on Sep 13, 2023 10:50am
A bare break-even is the likeliest scenario, Polque. Given that this 1st noteworthy sale occurred 4 months into this new fiscal year and... The project is expected to be completed and revenue earned within 12 months.   ... we can't expect much improvement. TMG needs $5M per quarter just to break even - likely even more now due to the rising costs of energy and compensation - and we ...more  
Comment by ARIMA11 on Sep 13, 2023 11:24am
Great point. Let's see if they can actually grow the backlog to 30 or 40 millions. It's now 20M? As someone also mentioned let's see if they can grow their cash balance for acquisition. Great start but it will take alot more for the market to be impressed here. Potential is there. It's really up to TMG to execute.
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