I understand what you are saying....but
If they are cooking the books, why wouldn't they make things look better?
Why have problems with fruit production and other seasonal issues?
I think they have too many irons in the fire and this is causing their problems.
It takes 2 seconds to put someone on ignore.
It is time well spent to not see some posts (SPAM and idiots)
You do know how to put someone on ignore?
What part of the TMEN's technology is unique?
I would like to know, if you have knowledge of it.
Do a search on "Vacuum distillation"
You will see that is very common. It has been used in refineries for years .
It is also the standard fro desalination plants... per Wikipedia....
The traditional process used in these operations is vacuum distillation—essentially the boiling of water at less than atmospheric pressure and thus a much lower temperature than normal. This is because the boiling of a liquid occurs when the vapor pressure equals the ambient pressure and vapor pressure increases with temperature. Thus, because of the reduced temperature, low-temperature "waste" heat from electrical power generation or industrial processes can be used.
It is none of your business how I spend my time.
If I stop one person from buying this, it is time well spent.
How much money have you lost?
What is it worth in time?
How many hours of work to earn it?
My intent and purpose was to buy this when it beame a going concern.
It is not my fault it has done nothing.
I see that you did not argue my points, you just don't want to read the truth.
Put me on ignore and stick your head in the sand.
The benefit to TMEN is that these wells produce 8-10 barrels of water for every barrel of oil. The FracGen unit would only have to treat 100's of barrels a day, not the 10,000-50,000 barrels used in fracing.
The wells are very close together in these fields and numerous wells could be tied together.
These are stripper wells with small production that may not justify big expense.
These are established wells that already have this water taken care of in some way.
It seems that TMEN is moving away from Frac water business. Which is good, since they could not get any of that business.
They may now be focusing on produced water. That is water that comes out of a well mixed with the oil.
The blog post of May 20th talks about that water in Kern county California.
I did some research on that.
Kern county is the biggest oil producing area of California.
It seems that this water is already being treated....(wikipedia story)
Wastewater from the field was once allowed to drain directly into the streams dissecting the region, and thence into the Kern River. This practice ended in the 1960s and 1970s when more stringent environmental regulations were enacted both on federal and state levels. Wastewater now is treated in facilities specifically built for this purpose, and after the treatment, is used to irrigate crops in the San Joaquin Valley.
Also a statement was made about tertiary recovery techniques of steam flooding in these fields.
That means there are secondary recovery methods being used.
What would they be?
You don't need distilled water to pump down into the ground to pressurize the oil zones to bring up oil.
It will be interesting to see if there is really a market for TMEN's techs in these fields.
You're kidding, right?
All a patent says is that a system is unique in some aspect.
It does not speak to the efficiency, suitability, and application of that technology.
New 8K filing on 5-23-14
On May 20, 2014, David L. Keller resigned, effective May 31, 2014, as a member of our Board of Directors.
Mr. Keller has been a member of our Board of Directors since April 15, 2013. He has served as one of the three directors elected by the holders of our Common Stock and our Series A Convertible Preferred Stock (voting together as a single class). Mr. Keller has served as a member of the Audit, Nominating and Compensation and Benefits Committees of our Board of Directors, as a member of the ad hoc Special Committee of Independent Directors, and as a member of the Board of Directors of our subsidiary, CASTion Corporation.
Mr. Keller’s resignation is not due to a disagreement with our Board of Directors or our management on any matter relating to our operations, policies or practices.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 23, 2014
By: /s/ Gregory M. Landegger
Name: Gregory M. Landegger
Title: Chief Operating Officer and
Interim Chief Financial Officer
This is one of your best posts. You don't rant and call names...you state your arguments plainly and word them well.
The problem is that your basis for your argument is flawed.
Who do I have something personal against?
What is the reason I have this problem with the person ? (you almost say t is you, but I don't want to assume)
You want it to be personal for me, as then that makes you feel self righteous.
I know no one that posts on this board.
This is an anonymous message board.
I reply to all posters.
I have stated why I am here numerous times and I am not a late comer.
Have I been here longer than you?
I may be the longest time poster here.
Probably here since 2004 or 2005.
You might check out Just Energy(JE) and Pengrowth Energy PGH) for your portfolio.
Just Energy cut their dividend last year. Do so due diligence.
They took the hit on price.
Just Energy planned out how much to cut so as to be able to maintain growth and fund the dividend, began reducing debt and reach a payout ration of 60-65%. It was a three year plan. We are in year two.
There is no indication that the amount of the cut made was not enough.
Just Energy has set goals to reach and they have been successful.
The only shortfall was due to the $50 million extraordinary weather event.
Record numbers of customers and they ones from last year are now profitable.
You have to love when a plan comes together!
5-7% growth projected for this fiscal year.
growth plus a 13+% dividend!
You always want to make it personal.
This is about investing...big difference.
I have been reading this board a few years...I never remember seeing where "bashers" said that there were no opportunities out there for TMEN.
There has been numerous BILLION dollar markets over the years for Thermoenergy.
This California opportunity is no different than any from the past.
Any company must prove it has a product that will meet the need presented by that opportunity.
At this time, TMEN is in need of money.
They could not buy the parts to build a unit if they had an order.
Plus, remember how slow those oil companies are...If TMEN received interest at this demonstration it would be next year before they ordered.
Where will money to continue operating come from?
That is what you should be talking about.
They are in loan default with all assets given as collateral on that defaulted loan.
Who would loan money to them in that state of finance?
Thanks, How in heck did you post a post that long...mine always get cut off at a certain number of characters.
Just Energy expanded into 10 new markets a few years ago.
They were very successful.
Do to upfront costs of the many new customers they had cash flow problems.
They made the decision a year ago to cut the dividend to address that issue.
That was a year ago. Understand?
Now those customers addition are starting to be profitable.
There is no further dividend cut needed.
Management planned the transition out.
Except for a $50 million hit in the last quarter due to weather, the results would have been amazing.
You are harping a year late about a dividend cut, without even stating a reason needed for one....and as if they didn't already do one.
You are deliberately trying to scare people. Yet (repeat) you never give a reason the company would cut the dividend again (when they say they are not).
Is that because the facts do not support your argument?
I apologize. I was addressing newjerseydevilfan's post that starts out "1¢ a month cut? The dividend cut will definitely"
I replied to his post.
Yahoo posted it below yours.
I try to put the name of the poster I am posting to, but I failed this time.
You will see my reply addresses statements that that poster made.
When I read statements like yours I wonder if you are giving an honest opinion, or deliberately trying to FUD people.
Just Energy already did a dividend cut, that was a year ago.
They planned it out, and set the new dividend. At that time the payout was much higher than 105%, and it remained so.
Now, we have an anomaly quarter caused by weather that causes a small increase in the payout ration.
You start crying "dividend cut coming"
Yet you never state why they must cut the dividend again.
They have a DRIP plan that saves them money from being paid out, so they are not having to borrow money to pay it.
They gained customers, even thought the weather slowed door to door sales.
Next Q they will not suffer a $50 million cost from electricity spikes.
Why more than 1 cent/month? Wouldn't that bring the ratio below 100%? Of course it would.
You seem to just be trying to spread fear, without facts. FUD
The CEO stated the dividend is secure.
They had a $50 million hit due to winter weather...
What would their payout ratio have been if you add in that $50 million.
Look at the YOY numbers....this is a YOY report. Companies can have blips on a quarterly basis...but the question is... iss this blip a new trend or is it a one time occurrence?
Pretty evident this quarter's weather event was a one time occurrence.
Every other metric but the weather...customers etc. was positive.
They already cut the dividend, last year.
What makes you think they would cut it again?
They are hitting all their stated goals from the cut last year.
A small blip here due to severe weather, and spikes in gas prices that hurt them.
The dividend has already been cut.
In April in 2013
The payout ratio was much higher than now.
They set a plan to reduce the divvy, pay down debt and grow the company.
They are still on course with stated plans of payout ration 60-65% in a few years.
Also, they do not have to borrow at the current ratio due to the fact that the DRIP saves them money.
There is no cause for this massive overcorrection IMO.
I would like to see some insider buying.