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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)
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To: Gerald L. Kerr who wrote (1179)7/3/1998 5:32:00 PM
From: Hungry Investor  Read Replies (1) of 3458
 
Gerald,

I think that the financing should be in place. Generally a letter of credit (the original press release) is supported by some collateral (such as cash, which is doubtful, or a guarantee from another party). Thus I actually think the money was there before the purchase order. If I were the company I wouldn't even think of ramping up for the order unless they could pay for it. Thus, IMO, I think we are safe on this point.

Scott.
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