ThermoEnergy Corporation (TMEN)

[rodeofan]

"with successgful completion...

In reference to post #1005 about successful completion of the testing and the possible $10-$20 million dollars to further the project for OXYIfuel project...
Unfortunately they stated in the 10Q report in May 2014 that the test failed and there will be no continuation.
____________________________________________________________
Itea commissioned the equipment in the first quarter of 2014 and commenced testing. The equipment was unable to complete all scheduled tests satisfactorily and was shut down after two brief tests on one type of coal. Neither of the tests were conducted using our technology. We expect the final test results from Georgia Tech in the second quarter of 2014. Once received, Itea will review the test results and, pending their analysis and response, a determination will be made on the future of UPA.
_____________________________________________________________
Also, The Thermonenegy website has shut down and they seem to have ceased operation.
How can anything else happen?
There are no workers, management, etc.

Sorry to give the bad news, but they did not even update their website about the failure of the testing, so few even seem to know that it failed.