Thermo Tech Technologies (TTRIF) Message Board

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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: David Alon who wrote (5542)	5/19/1999 7:07:00 PM
From: CAYMAN	Read Replies (1) of 6467

By: TT_NeedsReform Reply To: 1072 by teeder Wednesday, 19 May 1999 at 4:43 PM EDT RAGING BULL Post #1075 of 1079 Let us not lose sight of the fact that Ted is full of it. Ted has stated he is paid by TT, with shareholder's money, to help RB out and speak to the shareholder's. He spins a fanciful yarn of TMP's projected at $30M. Who made this projection? This must be the super powered TMP's to go along with Ted's raft of the super hype. Kim odcom@earthlink.net ********************************************************************** By: teeder Reply To: None Wednesday, 19 May 1999 at 4:04 PM EDT Post # of 1079 Let us not lose sight of the fact that TTV has an agreement with TT whereby they undertake to use their best efforts to find waste and arranging financing. They subsequently announced that they had arranged $200,000,000 in financing for the building of plants on a 50-50 joint venture basis. Nothing is preventing them from doing so. So why don't they get on with it. Maybe some of you DD hounds should ask Kevin about this. The problem arose when they wanted to take over TT suggesting that it was necessary because the lender wanted it that way. The loan commitment is not to TT but to TTV. They argued that in order for them to finance the plants owned by TT that the lender required them to control TT. Why doesn't the jt venture between TTV and TT just buy the plants from TT and then finance them. Why do they have to take over TT creating all kinds of conflict issues (Kevin running both TT and TTV) and worrying the shareholders and the Directors as to whether they will act in their best interests. Let's face it. In business, no one is altruistic. Everybody wants to cut the best deal possible for themselves. As a shareholder, I don't want to give away the store just when we are near break-even. The longer we hang on the better the deal that we can cut. Its very difficult dealing from weakness. If the jt venture were to buy the plants on an earn out basis where they put some money down now and then the balance when the plants are operating at full capacity (in six months) so that they can be given an economic value. Then these funds can be used by TT to retire the debenture and other liabilities and to do the share repurchase. This is the deal I would like to see. If the plants are earning $30 million after taxes which is the present projection then they would be worth at least $300 million which is more than $1.00 per share. Once again, why doesn't TTV just carry on and build and finance plants.

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