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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: Zeev Hed who wrote (3920)4/9/1998 5:39:00 PM
From: Ted B.  Read Replies (2) of 6467
 
Thermaster plants is a trade mark which encompasses the thermophilic technology as improved plus three new technologies.

TPP has rights with respect to improvements to the then existing technology which form the basis of the thermophilic plants. If the lawsuit was only about this, there would not have been a lawsuit. I believe the lawsuit had to do with the fact that TPP said their rights extended to the new technologies which have nothing to do with improvements to the original technology but in fact are for entirely different processes. The summary judgment merely said TPP is entitled to the improvements to the original technology. Whether TPP is entitled to more will in my opinion be a triable issue and won't be decided by a summary judgment. The engineer's affidavit is to buttress Rene's contention in this regard. It may be that this issue can be determined by affidavit evidence in a summary way because it involves the interpretation of a contract. We'll see.

I believe the detractors make a mistake in thinking that Rene is a cowboy as opposed to a sound businessman. They assume he is running off half cocked. In my dealings with him, I find him to be a sound businessman. He does nothing without proper legal advice. In the case of the law suit, he not only didn't fly in the face of legal advice received but went so far as to have three different law firms advise him on his rights and he acted accordingly. He also further sought engineering advice as to the meaning of the relevant terms. Under these circumstances, not to take the advice he receives would be to not act in the best interests of the Company. IMHO
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