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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: David Pickering who wrote (3687)3/18/1998 1:23:00 PM
From: JOHN SAMSEL   of 6467
 
David Pickering,

In TPP web site under Financial Projections the company makes reference to a corporate tax advantage by using EES Waste, a Cyprus based corporate entity that will take possession of the license and then sub-license the process to IEWS. This was TPP's game plan. Do you have any information about the failure of this financial planning idea since you mentioned that all businesses in Poland are subject to the 38% corporate tax?

thanks

John
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