Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Bill Wexler who wrote (2750)	9/17/1998 10:35:00 AM
From: Cosmo Daisey	Read Replies (1) of 4634

Bill, More money laundering by TRBD """WOODLAND HILLS, Calif., Sept. 17 /PRNewswire/ -- Turbodyne Technologies Inc. (Nasdaq: TRBD; EASDAQ) announced today that its board of directors has authorized the company to buy up to $3.5 million of its shares of common stock. The Company has approximately 41 million shares of common stock outstanding. ''The repurchase program demonstrates our confidence in the company's future and supports management's belief that the company's common stock is significantly undervalued at current market levels,'' said Turbodyne's Chairman Edward Halimi. ''Additionally, at its current trading levels, we believe the stock is an excellent value and that the repurchase program will serve well our stockholders and the company. """ Insiders and 5% holders have filed to sell about 2MM shares in the past year. It appears as though the retail buyers have disappeared so the company will be buying shares to try and support the price. August announcments to sell were 87,700 shs which equals $4,385,000 at $5 per share so the feeble attempt to buy back shares is a farce.

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