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

To: Sheldon Fast who wrote (3841)	4/3/1998 2:01:00 AM
From: David Pickering	Read Replies (1) \| Respond to of 6467

Sheldon, Thanks! I appreciate your input AND the recent link to SEDAR site (for print out of TTRIF 6-K). Here's a repost from Yahoo containing a few more conference call goodies plus more of my random musings: <Anybody have any insight on the JV arrangement on this plant, ID of the partner etc.?> Fool, I thought Richmond was supposed to be the last of the 100% owned plants (like Hamilton). I just listened to replay of conference call (made tape) and didn't hear any mention. Rene did justify the share dilution to date as plants had to be financed with equity until proven PROFITABLE. Then, take the resulting business model to the BANK to leverage a proven concept. Enlist deep-pockets JV partners and in doing so give up profits but expend very little capital on actual plant construction. <Looks like most of the future plants will be JV's versus 100% owned plants...Therefore, there will have to be twice as many plants as shown in the projections to make the projected income and that may happen.> Agreed. By conserving precious capital otherwise spend on plant construction and financing, should allow the company to simultaneously start up multiple projects. Then enjoy 50% of profits, $800,000 licensing fee per plant and 5% royalty on all revenues. <With Rene's comment about a two year headstart on technology development - imagine TTRIF will go as fast as it can to build many plants> When the money starts rolling in (by early fall?), we need to keep our edge. My biggest fear with this company is technological obsolescence! Funnel money into R&D, particularly into TMP brand EXTENSION into animal waste and enzymes. "Only the paranoid survive" -Andy Grove Other thoughts from replay of conference call tape: 1. As to convertible debs, Rene indicated there were "400,000 to 500,000 shares/dollars left". 2. He said there would be "another couple of months" before the next convertible deb draw down. 3. As to "insider positions", the 52% figure Rene quoted included "myself, my family and others outside the internal group." I don't doubt he has total control of the 20% between himself and his family. However, the "others outside the internal group" are the SWING VOTES! I can tell you first hand these "others" are by no means "yes men". 4. In a hostile takeover, don't you think Richard Heckmann, for instance, (Chairman/President/CEO of USF) would go to these "others" if an impasse is reached with Rene? I THINK they would listen! Regards, David Pickering P.S. My wife returns tomorrow night from TWO WEEK training session. Time for a break from cyberspace! Thanks to all for the kind words re conference call notes.