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

To: LEEP8888 who wrote (4093)	5/12/1998 10:40:00 AM
From: David Pickering	Read Replies (1) \| Respond to of 6467

Repost from Yahoo: To all, On Tuesday, I will be faxing to Rene the following list of questions concerning the Richmond TMP financing. A new group of potential investors has approached me asking for written responses to these questions and I will post the answers ASAP: New Richmond 400 tpd TMP (to be increased to 600 tpd by August? per latest 6-K) construction is underway and yet no financing has been announced. Please provide specific answers to the following questions. If answers can not or will not be provided, please indicate why. a. What is the total capital cost that will be depreciated ? i.e. $15.0 million? b. What form of contracts is in place and for what tipping fees? With whom? For what % of the capacity of the plant? c. How is the TMP being (or to be) financed ( what mix of debt and equity)? i.e. 25% equity and 75% debt, non-recourse? Who (what company) is providing the debt financing? What is the projected date of financial closing? What impact will this have on the completion of construction, recently indicated as scheduled for May 1998 for Hamilton and July 1998 for Richmond? d. Is the equity part being financed by further share dilution of the Thermo Tech shares? (Reg D, and Reg S, etc.) e. What % of the equity did Thermo Tech take, if not 100% then who else is in on it and for what %? f. What are the terms and conditions of the debt financing (i.e. what approximate rate of interest to be repaid over how many years?) g. If not non-recourse to Thermo Tech, who/what is pledged against the debt service? Regards, David Pickering

To: LEEP8888 who wrote (4093)	5/12/1998 10:45:00 AM
From: David Pickering	Respond to of 6467

Repost II from Yahoo: To all, On Tuesday, I will be faxing to Rene the following list of questions concerning the Hamilton TMP financing (plus a couple of extras). A new group of potential investors has approached me asking for written responses to these questions and I will post the answers ASAP: New Hamilton 400 tpd TMP construction is underway and yet no financing has been announced. Please provide specific answers to the following questions. If answers can not or will not be provided, please indicate why. a. What is the total capital cost that will be depreciated? i.e. $12.0 million? b. What form of contracts is in place and for what tipping fees? With whom? For what % of the capacity of the plant? c. How is the TMP being (or to be) financed ( what mix of debt and equity)? i.e. 25% equity and 75% debt, non-recourse? Who (what company) is providing the debt financing? What is the projected date of financial closing? What impact will this have on the completion of construction, recently indicated as scheduled for May 1998 for Hamilton? d. Is the equity part being financed by further share dilution of the Thermo Tech shares? (Reg D, and Reg S, etc.) e. What % of the equity did Thermo Tech take, if not 100% then who else is in on it and for what %? f. What are the terms and conditions of the debt financing (i.e. what approximate rate of interest to be repaid over how many years?) g. If not non-recourse to Thermo Tech, who/what is pledged against the debt service? Question 3 Why is it taking so long for the US Filter joint announcement? If there is a holdup for reasons other than dotting i's and crossing t's on the paperwork? When is it anticipated that the conditions will be in place to permit an announcement? Question 4 If the definitive meeting for the 100% financing of the Oshawa and Niagara projects was Monday May 4th, well delayed from previously anticipated dates, what has been holding things up? When will these issues be cleared up? Regards, David Pickering