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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: James E Lynch who wrote (4888)10/22/1998 2:54:00 PM
From: Clement  Read Replies (2) of 6467
 
From our resident full time sleuth striking fear into the bank books of the Branconnier family everywhere comes this report: (post #17634 on Yahoo!). As a backgrounder, please keep in mind that Rene cried at the reopening of Hamilton claiming that he had sold his home to support Thermo Tech. We now know that this is not the case at all and he still owns the property -- and it is a nice one at that. The following comments/facts are not in any way my own:

=================================

Mr. Branconnier,

Without Prejudice

Through some of my contacts in Vancouver I have learned that you live quite the opulent lifestyle. I am sure that many would appreciate you (Rene) clearing up a few small details that were brought to my attention.

1- that you went from a small 600,000 house to that almost 7 million dollar house in about 2 years. Can you explain how this all came about?

2- that you have a stable of fine automobiles, including a new Navistar, a Corvette, and 3 or 4 others. Could you verify this?

3- that you bought your daughter a house for a wedding gift, at a cost of about 1.5 million dollars. Was it more or less than this? Just curious.

4- that you like to tell people that all of this came about because of "good investments?" If so, would you be kind enough to expand upon this, and clarify for the world how this all came into being?

Could we count on IR to tell us the truth about all this? Can a few us phone you tomorrow for some answers? I think that the TTRIF shareholders have a right to know the truth!

Robert Pool

Some more facts about his home: (post #17640)

Property ID : 016-166-647

8415 Armstrong Rd.
Langley, B.C.

Gross taxes 1998 $15503.84

Owners Name and Address
Sharron F Branconnier
18510 54th Ave
Surry BC
V3S 8L9

Land and Building Information

Lot size: 108.48 Acres
Actual Use: 2a=AC PLUS SINGLE FAMILY DWELLING
BCAA Description: 1.5 ST SFD AFTER 1930 EXCELLAN

Total Value Information 1998

Land: $1,302,000
Improvement: $935,000
Total Municipal Total: $2,237,000 (Gov. assessed Value for Taxes)

Sale History Information

Date
11/01/97 $4,200,000 ( this would be what Rene Paid)
08/01/90 $835,295

It should be noted that Rene has expanded or Rebuilt the home on the property, and this is what is believed to bring the value to the 6.5 mil mark.

By the way Rene, where was that enzyme plant built again?
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