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

To: David Pickering who wrote (3825)	4/1/1998 8:34:00 PM
From: tom jones	Read Replies (1) \| Respond to of 6467

To David: What percentage increase would you get if in the 9 month period there was a gross profit of $1 or $0 instead of a loss of $561,455. Doesn't make since to me. Not an accountant Tom

To: David Pickering who wrote (3825)	4/1/1998 8:35:00 PM
From: Tom Kinakin	Respond to of 6467

David Pickering, Tom Jones is right. Think about it. 284% is a HUGE amateur error. I am amazed that at least two people made the same mistake. Just basic math. I wonder how many other mistakes have been made by the accountants or news release writers? Tom Kinakin PS I will post the reason that this is incorrect in a few hours, unless, before that, you post the solution as to why 284% is incorrect.

To: David Pickering who wrote (3825)	4/1/1998 9:00:00 PM
From: Piotr Koziol	Read Replies (3) \| Respond to of 6467

This does NOT make sense !!! What if they had lost -$56,145, (ie. 10 times less than the original -$561,455) Would that make the net change now even better = 1940 % ??? /Piotr

To: David Pickering who wrote (3825)	4/1/1998 11:03:00 PM
From: Tom Kinakin	Read Replies (1) \| Respond to of 6467

David Pickering, I will give you the benefit of doubt that you haven't logged back on or you are out entertaining your grandchildren or you have a personal policy of not posting after a certain time. For the benefit of other readers, how much would TTRIF have had to have earned in the corresponding period last year to actually post a 284% return? In other words, what figure times a 284% gain would yield the $1,033,175 increase in gross profits (?). Well, check it out if TTRIF's profit for the same period last year was $364,794.02 X 284% (or X 2.84) wouldn't give you the correct answer. So if an improvement from $364,794.02 to $1,033,175 is a 284% improvement, TTRIF's news release is not accurate since it had a loss in the corresponding period the previous year. In other words, N/A or Not Applicable! Good night, Tom K.