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Technology Stocks : Thermo Tech Technologies (TTRIF)
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To: Tom G who wrote (4064)5/7/1998 12:57:00 AM
From: monu  Read Replies (2) of 6467
 
Tom,

I personally think TT is getting their act together a little better but what still remains so troublesome to many of us is that they still continue to hype and hype away. They don't even need to hire a pr firm if their product is going to produce the way they say it will. The cash flow will speak for itself. But let me give you an example of what continues to tick me off. In their latest release they talk about the 800 tpd plant bringing in $56000. Correct? Now, what I don't like is that the real numbers are always for us little people to figure out. Why can't they ever be plain and real??? According to Dave P's phone call with Rene, Rene said to begin with this Northward station will be doing 200 to 300 tpd. The news release says it will be 400 tpb in Northward which is capable of having up to 800. Why do they even mention $56000 when all it can do is mislead, unless that is the intention? (like it always appears to be). The bottom line is as a JV partner, TT will be actually getting between 1/8 and 1/4 of the above mentioned amount. I'll take it a step further. According to the phone call, Rene said they will be making between 30 and 35 a ton. If they get 30, their income at this station could be less than 1/8 of the $56,000. Still, I guess I should be happy. They are finally getting something.

Regards,

Joe
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