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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: David Pickering who wrote (3687)3/18/1998 12:14:00 PM
From: Clement  Read Replies (1) of 6467
 
Repost from Yahoo:

David,

Thank you for your very informative post about Korea. But I have consistently stated that I have very very few doubts as to the potential of TTRIF -- the potential really is not the problem.

Since the issue of tax incentives was raised, companies that apply environmental technologies in Poland from what I understand have the ability to to apply for tax "holidays" for between 2-5 years.

I have little doubt that Asia offers some of the best potential (many of the governments are autocratic and you don't have too much resistance by the populous because of cultural reasons -- thus none or little NIMBY). That said, we have heard rumours that things are happening multiple times over the past year (or at least as long as I have been following the stock and some say longer)

But what has been the result? I may be proven wrong, but based on the information that is public at this time, I would say that TPP has a better time getting into their market than TTRIF has penetrating Korea (because of management knowledge and background). I would also forewarn you that Korea has a history of slow payment schedules.

Clement
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