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Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: Fate who wrote (5786)	9/4/1999 11:39:00 AM
From: CAYMAN	Read Replies (1) \| Respond to of 6467

By Sheldon Fast Raging Bull Post #4515 Thermo Tech will have a new CEO, Mia Reed, who will be a puppet of René. Her claim to fame is she is a stock promoter and she helps set up convertible debentures, SI posts 398 and 403 show her early involvement with Thermo Tech in these areas. This is to provide a new face to the public shareholders, of course René will be pulling her strings, She knows nothing about running a technical company, or waste management for that matter. She knows stock promotion. The European deal is real and the only reason it has not happened is the hold on the trading in BC, the deal is to get $25 million and float a bunch of convertible debentures. The talk has been 300 million shares, but most likely these will be floorless and therefore there is no limit to the potential dilution, it could be 300 million shares or it could be easily 2 or more times that. This could and likely will drive the stock down to 2.5 cents or less. But René will still be in control and that is the most important thing. There is also his $1,000,000 annual retainer planned. A further plan is to create a brand new independent company which would operate as the proposed TTV (THermo Tech Ventures) which would not be connected to TT. Ted Belman and Bernie VerBeeten and others will have the opportunity to get into the private placement for this new company. Guess who the CEO would be for this new company. This new company would make all the profit for any new plants, giving TT and therefore the shareholders a royal screwing. This would also be a slap in the face to ISMH for being so uncooperative and not giving René all the things he wants. By the way he has recently purchased a 26 foot Bayliner for $75,000 CDN. Pretty good considering a BMW earlier this year, bringing the spending on these 2 items to an amount equal to his gross annual salary. A few things to consider: 1. As long as the freeze is on he can not issue shares which likely means that the European plan will not happen. They would be very foolish to buy into this not knowing how long the hold would be. 2. Without an improvement in the management, this company is going nowhere as they do not have the discipline to develop a well structured package of building plans and operational plans or marketing plans. 3. I don't believe that he can do these dramatic changes without shareholder approval. 4. With the new TTV there are obstacles: 1. René has been totally unable to make a deal with anyone because of his avarice and selfish ego, this situation is very likely to continue. There will be no new TMP's with René still involved. 2. Even with $25 million this will not go very far in building joint venture plants. Never mind the high spending habits that have existed for some time. 3. The technological lead time is disappearing as other companies are coming on the scene. 4. The Trooper suit for damages can now proceed, this can easily wipe out the 25 million. There is only one hope for the shareholders and that is the freeze on stock dilution be held, and that the AGM provides an opportunity to boot him out. The first requires that enough pressure and information be given to the BC Securities Commission to allow them to maintain the freeze. The second requires an organization by and with the shareholders to get the votes/proxies organized and to provide a slate of at least 3 alternate directors and preferably 5 alternate directors. If a victory at the AGM happens then the financial and engineering audit can proceed. I believe we can get the required number of shares voted to accomplish the above, if we get a structure in place soon for the shareholders to see. By: sdfast Reply To: 4506 by tgdre Saturday, 4 Sep 1999 at 11:15 AM EDT Post #4515 of 4516

To: Fate who wrote (5786)	9/4/1999 12:22:00 PM
From: CAYMAN	Respond to of 6467

Points to Ponder By pvan: ragingbull.com It appears that the ISMH announced and accepted deal of April 22 99 is still on the table, all Rene has to do is sign it. Please see link: ttrif.com With that also comes financing as previously announced. Please see link: ttrif.com Why won't Rene sign the deal? Best we can tell, they won't and can't give him what he wants ... what does he want? (a) $1,000,000 per year,guaranteed,for at least 5 years? (b) Chairmanship of BOD? (c) Immunity from prosecution? (d) Legal fees paid in case of prosecution from authorities and or lawsuits from others ie. shareholders,etc.? (e) 100% of Thermo Enzymes? A competing deal that has been rumored on this board in the last while is by an "European Group" that would apparently give him these benefits....HOWEVER...they want Rene to give them 50% to 67% of the company by issuing an additional 300,000,000 to 600,000,0000 more shares! (7) So what's the difference between the two deals? (a) The European deal is better for Rene. (b) The ISMH deal is much better for the shareholders!(ie...100% to 200% better!) That's why its critical to keep the BCSC freeze in place, until ISMH takes over. If Rene has any common sense ... he will sign the ISMH deal before it is too late and he has lost all and any bargaining power and or ISMH withdraws the offer completely! If Rene is too stubborn to do this, and lets the company go into receivership, then ISMH should be able to consummate their deal with the receiver, if ISMH are still interested at that time.

To: Fate who wrote (5786)	9/4/1999 10:48:00 PM
From: CAYMAN	Read Replies (1) \| Respond to of 6467

~ ~ ~ From Sheldon Fast ~ ~ ~ Seems this is an item that should be of interest to the British Columbia Securities Commission (BCSC). Folks, for what it is worth, you do not need to have a hard case of fraud. what the BCSC is also concerned about is conduct over the long haul, a pattern of lies and false statements over time is also very damaging to a company. I do not suppose we have any of these do we? So, get your comments in to BCSC. By the way has anyone else noticed that in general the hired goons are not available on the weekends, they seem to have a 5 day work week. This pattern has existed for a long time on all of the threads. Oh well, I guess now TT will have to pay overtime. Cheers, Sheldon