Thermal Energy International Inc (TMG)

[geopic]

You probably posted on the wrong board but here's an update on Thermal Energy:
Current price is .05 CDN and volume today is good at 200K.
Long on promises of contracts to come, Thermal, so far, is short on delivery. Some contracts due for signing recently, have been posponed due to the economics, however, as it is going, TMG is burning cash at a rate I consider close to alarming. Thermanolox, etc... all seem to be forever tested. GEM may be the main source of revenue but remember, GEM was acquired fairly recently.
The 'dream team' for sales of a couple years ago has not produced what was expected, imo. The recent addition of five more to that team, only one of these NOT exclusively GEM, is worrying me a little, too.
I feel many competitors have gained contracts, patented their projects while, again, TMG more or less stayed put.
Should the finalization of that ten million dollar contract materialize soon, it could help.
At best, TMG, remains a highly speculative stock and definitely not for the Conservative Investor.
g.p.