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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: Wayne Umfleet who wrote (62)8/23/1996 1:27:00 PM
From: space cadet   of 6467
 
Wayne, good work and thanks from all of us on this thread. Some good info. If Thermo can really live up to the forecast of profitability by Jan 97 that would be a real big positive. If they live up to that we may see Thermo hit 4 by Jan for a humongous profit from where TTRIF is now. I still am forecasting a hurricane that will blow away the speculative hi P/E stocks come Oct/Nov so we still have our troubles till then, IMO. But the hurricane will not linger so Thermo et al should recover IF these predictions of profits in Jan 97 hold true. If they don't then I don't know how far Thermo may fall because how many years can the poor suffering Thermo investor hold out hope and wait just one more quarter till some real earnings arrive? But the fact that they have fixed the bugs at Corinth is a good sign and the higher price tag is probably to be expected.
About Solucorp: It's a very long story. This company has had endless troubles and in fact didn't trade this whole year until this month. It turns out that it may have been lucky it didn't trade (though of course I and the town I'm from, which ended up owning a high percentage of Solucorp and still does didn't think so at the time)because by not trading it missed the downdraft in the small cap market and now is trading not far from where it stopped trading last year. Basically, SLUP has some supposedly really outstanding molecular binding technology which removes heavy metals, toxic wastes, etc. at a fraction of the cost of any other technologies. But the company, like a lot of other small Canadian companies, has had a hard time getting enough money to expand, etc. (Sound familiar?) The long and short of it is though that the profit margins are expected to be huge (because there doesn't appear to be any comparable technology) so any deal with Thermo would be a plus presumably and directly contribute to Thermo's bottom line.

Interesting news to me about these convertible debentures and Reg S. That may be the correct explanation. However, this may act to keep the stock price low because if you could buy a stock and then turn around and sell it in 45 days for a 15-20% profit wouldn't you? Thus Thermo may be trapped in a trading range between 1.2-1.6 for the forseeable future. And then my predicted hurricane may arrive. After that it looks like clear sailing, but as I can testify from my Solucorp experience, who the hell really knows?
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