JimWood
10 years ago
No, TMEN isn't hiring.
As a matter of fact, TMEN sent a letter recently to all of it's creditors stating that it has "assigned and conveyed all of its tangible and intangible assets" to Hollis Meddings Group for an orderly liquidation and distribution of net proceeds to TMEN's creditors.
Also, there is a properly perfected senior loan in the amount of $6,520,000 as of March 4, 2015.
So, no one is hiring at TMEN nor will anyone ever being hiring again at TMEN.
JimWood
10 years ago
I'm not sure what you want me to see about Arthur Reynolds. He has been on the Board at Thermo for along time. I am also not sure why you are arguing about this. I don't really care if you believe they are out of business or not, I am simply stating the facts.
This company is out of business. If you are day trading on the stock and riding the daily ups and downs it really shouldn't matter, but they are never going to sell anything again.
There are no employees, no sales people, no engineers, no one to answer the phones, etc. These are simply the facts. You can post all of this old information that you want and Arthur Reynolds maybe trying to do something, but all of the people with any knowledge of how to build the technology, sell the technology and execute the projects have moved on and are not coming back.
They understand that the company had too much debt to ever survive.
The GidDy uP Kid
10 years ago
They are hiring... and check out Arthur Reynolds... Did you happen to think that they can move operations...
Arthur Reynolds, Managing Director of Rexon Limited
Arthur Reynolds serves as Managing Director of Rexon Limited. Mr. Reynolds has more than 35 years’ experience raising capital in Europe for clients located in the USA. Mr. Reynolds founded Rexon in 1995 and has since played a sine qua non role in raising capital for more than 50 companies. Arthur serves on the Board of Directors of ThermoEnergy Corporation, where he was interim CFO in 2009-2010 and Chairman of the Audit Committee from 2010 to the present. He is a member of the Board of the International Festival Society and serves as Chairman of the Elgar Society’s North America Branch.
After a career with Mobil Corporation and W.R. Grace and Co., Arthur joined Morgan Guaranty Trust Company’s Corporate Finance Department as an officer specializing in the petroleum industry. Later, he and others founded the Interfunding unit of J.P. Morgan & Co. In 1978, he began a 27-year career in London raising capital for the US clients, first as an officer of Merrill Lynch International Bank Limited and, subsequently, as the founder of Ferghana Financial Services Ltd in 1982 at the behest of Sir James Goldsmith for whose operations Mr. Reynolds raised more than $300 million.
Mr. Reynolds earned an A.B. from Columbia College, Columbia University; an M.A. from Cambridge University; and an M.B.A. in Finance from New York University’s Stern School of Business.
http://www.limatt.com/management-team.html
http://www.rexonltd.com/Management_Team.html
http://www.businessangelfinance.co.uk/the-bafi-team-2/
JimWood
10 years ago
Go to their office in Worcester and see for yourself. The CEO quit last year, in April I believe, and was never replaced and the COO/interim CFO quit in December.
The lights are off, the phones are down, they have no website, they have no employees and they haven't sold anything since December of 2013.
They don't have to announce they are out of business, they just are!
The GidDy uP Kid
10 years ago
Arthur Reynolds, Managing Director of Rexon Limited
Arthur Reynolds serves as Managing Director of Rexon Limited. Mr. Reynolds has more than 35 years’ experience raising capital in Europe for clients located in the USA. Mr. Reynolds founded Rexon in 1995 and has since played a sine qua non role in raising capital for more than 50 companies. Arthur serves on the Board of Directors of ThermoEnergy Corporation, where he was interim CFO in 2009-2010 and Chairman of the Audit Committee from 2010 to the present. He is a member of the Board of the International Festival Society and serves as Chairman of the Elgar Society’s North America Branch.
After a career with Mobil Corporation and W.R. Grace and Co., Arthur joined Morgan Guaranty Trust Company’s Corporate Finance Department as an officer specializing in the petroleum industry. Later, he and others founded the Interfunding unit of J.P. Morgan & Co. In 1978, he began a 27-year career in London raising capital for the US clients, first as an officer of Merrill Lynch International Bank Limited and, subsequently, as the founder of Ferghana Financial Services Ltd in 1982 at the behest of Sir James Goldsmith for whose operations Mr. Reynolds raised more than $300 million.
Mr. Reynolds earned an A.B. from Columbia College, Columbia University; an M.A. from Cambridge University; and an M.B.A. in Finance from New York University’s Stern School of Business.
http://www.limatt.com/management-team.html
http://www.rexonltd.com/Management_Team.html
http://www.businessangelfinance.co.uk/the-bafi-team-2/
rodeofan
10 years ago
"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.