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

To: Zeev Hed who wrote (3799)	3/29/1998 2:06:00 PM
From: David Alon	Read Replies (1) \| Respond to of 6467

Zeev, Your always on the money, though I think the next big thing to hit TT is the court case.

To: Zeev Hed who wrote (3799)	3/29/1998 2:22:00 PM
From: Ted B.	Respond to of 6467

I can't understand why any busy person would take the time to knock a stock unless they were short. It can't be that you are worried for us pure slobs who prefer to believe that there are enough positive independent confirmations of the developments in this company and the projected profitability for each plant to warrant high hopes. From what I understand, Oshawa and Niagara are expecting (95% probability according to the lender) to receive in April a commitment for 100% non recourse financing. Should this be announced, we can believe in confidence that 1. The cost of construction is ascertained, 2. The guaranteed waste availability and price together with revenue from end product are enough to guarantee to the lender at least 120% net cash flow sufficient to repay the interest and capital of the financing aver a 10 year period. 3. Because the financing will be nonrecourse the lender has had to ensure himself of the cash flow. 4. If it works for these plants it will work for many plants. TTRIF is pursuing jt ventures with companies that have major waste streams such as Ontario Waste and US Filter ( yes it is ongoing) and others throughout the world. The guaranteed waste streams are the key to achieving at least 80% debt financing. There will be little if any dilution from here on out. Hamilton will be profitable starting in May. To date it has been financed internally. It can now be financed externally to the tune of perhaps 15 million CAN. As soon as the 6 million in financing that is currently flooding the market and pegging the stock at 1 1/8 the stock will recover dramatically. It seems to me that at the volume we see for the last while about 1 million a week is being sold. And keep in mind somebody is buying it. I don't expect a reverse split because having a lot of issued shares is a positive for institutions because they need liquidity. The higher the cap on this company, the more institutions will take a look.

To: Zeev Hed who wrote (3799)	3/29/1998 3:02:00 PM
From: Casey	Read Replies (1) \| Respond to of 6467

<< $1.5 billion in "non recourse financing" is a very big number, and frankly I do not expect this money to be raised either as debt or as equity, at least not "very shortly". The financing of a plant will typically consist of a mix of debt and equity.... The senior debt will be non recourse backed by the put and pay and take and pay contracts to cover the debt service requirements. Municipal bonds is one source of debt financing. The cash flows will cover the operations costs of the plants, plus the debt service plus the return on the equity. The IRR on the investment is high and will get higher as plant efficiences work their way in. Since the plants are spread throughout diverse regions, if there were 100 of them, then finding the debt financing is not such a big deal. All it takes is to get the put and pay and take and pay contracts in place. There will be no shortage of funds chasing after low risk returns...no matter how big the eventual total, and yes it will eventually be in the $billions. Read this and Ted B.'s latest post and you may get the picture, although I don't expect you to admit it - you are clearly negative on this company...probably because you lost some money in the past. That's tough and I feel for you<g>, but that still doesn't negate the fact that this company has a technology and product whose time is coming and it's going to be a significant investment success for those who hang through the next few months. As far as poor one track mind trooper David Alon - get a life.<g>