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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: DDS-OMS who wrote (3772)3/29/1998 10:14:00 AM
From: Zeev Hed   of 6467
 
Gary, what can I say? I agree with you completely, until this floorless Reg D is fully sold out the trend will stay down. I for one do not see a base even here at 1.125, I think that 1 will be breached and the climb back up will be strongly inhibited due to the oodles of stock available. Eventually, I would not be surprised to see a reverse split in TTRIF. But then, this should not be news to you, I have been saying this stock will be coming down for quite some time.

By the way, this Reg D was a special "slow Leaking" version, if memory serves, whereby every month TTRIF would draw $2 MM out of the $24 MM in debentures, so how can IR say that the end of the reg D is close? Have the conditions on this debenture changed and I missed it?

Zeev
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