Turbodyne Technologies Inc. (TRBDF) Message Board

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Technology Stocks : Turbodyne Technologies Inc. (TRBDF)

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To: Gerald L. Kerr who wrote (1631)	8/7/1998 6:08:00 AM
From: Q.	Read Replies (1) of 3458

I've seen this news release already, of course, and my impression then as now is that it is unclear. The exim bank makes loans and guarantees. The news release does not clearly state that a loan has been approved, much less exactly what sort of loan. It says the co. received a letter. They aren't even consistent in what they call the letter: one place a 'letter of interest', another a 'letter of intent'. I don't know what they mean exactly, but it surely doesn't state: 'we closed a financing deal and here are the details'. Whether the wording is unclear because it is badly written or because it is purposefully misleading, this is hard to say. FWIW, the ex-im bank has a web page at www.exim.gov

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