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


To: Charles Evans Jeffery C.A. who wrote (3938)4/10/1998 9:57:00 AM
From: m jensen  Respond to of 6467
 
Charles there you are, I thought by now you would have had the time
to take a crack at this one.

www3.techstocks.com

Regards
Mike



To: Charles Evans Jeffery C.A. who wrote (3938)4/10/1998 10:35:00 AM
From: Clement  Read Replies (1) | Respond to of 6467
 
Charles,

> In 1992 or 1993, when my client considered an Ontario based
> joint venture agreement with Thermo Tech, Rene was quite clear
> that the license which we were to purchase was for the design
> of a 125 ton per day plant as existed in Corinth and that the
> process license covered organic waste excluding:
> Sludge from municipal sewage systems
> Aqua culture waste

I'm having difficulty seeing a direct point to your post. What you have stated is all good and all, but if we examine the different circumstances surrounding each arrangement there are many. TTRIF did not really believe that Eastern Europe would be a lucrative region -- and who would? Eastern Europe was in a period of economic turmoil at the time, people predicting all sorts of doom and gloom theories with the collapse of the Iron Curtain. Thermo Tech saw the extra cash at a time that they really needed it from a market they felt did not have immediate potential. On the other hand -- Ontario is in their backyard.

Your experience also does not detract from the fact that the license agreement clearly states that TPP has access to all future improvements in the technology. (I'm having difficulty loading up the link at the moment otherwise I would give you a direct reference -- but if you had read it a ways back, this would be one of the first things that you would have looked for -- especially as a TPP shareholder.)

Your experience does not quite alter the fact that TTRIF IR's package states no less than 3 times (at least the times that I was able to find) that TMP's were licensed to Trooper Technologies. This is a point of contention that they now vigorously deny and yet continue to shoot themselves in the foot by distributing their packages -- which is by all means illogical and extremely odd.

I am certainly curious and looking forward to your response of Ken's direct questions.

A note to those who have invested in TTRIF:
Some will undoubtedly argue that Ken's points are being raised because of alterior motives -- and that may or may not be true. But if you cannot see that they are in the very least valid concerns, I would suggest that you do not have any semblance of impartiality in your investment in TTRIF. And quite frankly I pity you for if TTRIF really does make it, it was not because of dd and hard work but luck in avoiding several potentially devastating pitfalls not the least of which is management -- and thus, I have confidence that you would lose your money elsewhere.

Clement