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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)
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To: Jack Russell who wrote (3455)2/5/2004 10:27:21 PM
From: Nathan Hansen   of 3458
 
Thanks, Jack.

Just looked at the 8K, filed Feb. 3, 2004.

"Honeywell has agreed to pay to the Company the aggregate amount of $8,500,000 under the Settlement Agreement. Payment of $7,200,000 has been advanced by Honeywell to date. Payment of the balance of the full amount is conditional upon the Company paying to certain of its creditors and lien holders, including creditors that have been assigned any right of proceeds from the Arbitration or the Federal Litigation, the aggregate amount of approximately $911,000."

Looking like a REDUX.
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