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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: Wayne Umfleet who wrote (63)8/24/1996 12:43:00 PM
From: Tim McIlhon   of 6467
 
Wayne,
I tried to post my questions soon enough according to when you said you were heading out, and it was on this thread as soon as I sent it. So I'm not sure how these end up getting posted.

Your response answered a lot of my questions, and also my interest in just how well this all looks when you can get to a demo. I believe in the technology, but it takes more than just good technology. Portland's situation with compost sounds great. They should be able to just run all that crap throgh the plant to clean it up?

I talked to Lionel yesterday, and the word on the Devons plant is that the Army held things up there by not vacating the premises when they said they would. Thermo Tech had to be in a lease contract of the building before they could apply for environmental permits, and they could not get into a lease until the Army was out. The permits are in hand now, and were approved in less than 90 days, which seems pretty quick. Consturction will start in November, and they figure to be operating by next May.

He said financials will be out in 3-4 weeks. He figures revenues for latest reported quarter should be close to all of fiscal 95. This is with 2 plants.

The analogy of recent price and volume is obvious if you go to the Thermo Tech Web site and to their charts option. The Galt chart shows both price and volume trends for the last year. Both are at all time lows and highs. But volume is more dramatic, at 2 1/2 times previous highs for the last year. I prefer to take this as a real positive, since it has to indicate a lot of intersest in working this stock.

later

Tim

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