David,
Here are responses to your questions.
<Question:After the letter of intent (which they expect this week),when will they have the financing, as a letter of intent is not considered final.>
I have not followed up on that...I don't know if they've even got the LOI yet. I suggest you call Wayne Hansen at (604) 514-8390. Please let us know. They do still take your calls, don't they?
<Explain this,"I think we have a very good working relationship.", with who,Trooper? His own team or what?A very good relationship with his new lawyers?>
In the context of the conversation, he is referring to the TTRIF management team he's assembled (David- TPP tunnel vision?). Here's the actual text:
<Rene again."I know definitely, that the market is not aware of, basically, how close we are to this thing busting loose.big time. It's been a struggle now, and we're struggling for it.the other side of the coin.a lot of people have seen us.where we've said things, and never delivered. But, if you look at it objectively, an open mindedly, you see that, basically, I've organized a super team.I think we have a very good working relationship.we've got a brand new patent.we're good for another twenty years on that patent.we got some more potentials down the road.but, you know that's on the research side.but even just on what we already have.it's brand new.and it's proven.and it's profitable."
Do you agree? Then you asked...
<Also he stated: let's just say we have one sitting at Hamilton.totally debt free.with the depack center working there, etc., etc..right? There is going to be an accumulation of roughly $24 million worth of assets. How do you get 24 million from one TMP and a depack center? Are they made out of gold?>
There will be TWO 400 tpd TMPs (although only permitted for 700 tpd total) at that site upon completion of the Hamilton project. At $12 million a plant, that's $24 million.
<We have an engineer, plus we Dr. Dan Cumming, plus we have the Patent Examiner and Attorney letter.stating what they've got and what we have and that the Dick Engineering drawings belong to the new patents." Isn't those drawing supposed to be delivered?That was the reason going to court in the first place.So he has another patent on it.Who cares how many patents he gets?Do you MR. Pickering know what he is talking about??>
This is TTRIF's line of reasoning...TPP, per its license agreement, is entitled to all improvements to the technology it licensed in 1992...correct?
When you are to get a brand new patent on the technology (and plant), as TTRIF has done, it is no longer considered an improvement to the old technology. If it was just an improvement, the US PATENT Office would never have allowed a NEW patent...instead, the OLD patents (which are referenced in the license agreements) would have merely been EXTENDED. TTRIF will present a letter from the US Patent Examiner and Attorney verifying this.
Here's the reference to old patent #'s in the TPP license agreement...
<WHEREAS:
A. The Company is the licensee of a certain technological process (and certain patents, know-how, trade secrets and trade names) relating to the digestion of biodegradable waste, which technological process is called "Thermophilic Aerobic Digestion Process for Producing Animal Nutrients and other Digested Products", and which technological process is described in patent numbers US 4292328, US 4512103, CDN 1084762 and CDN 1208584 (such technological process together with the related trade secrets, know-how and trade names being hereinafter collectively referred to as the "Process");>
IMO, an adverse court decision (not that I'm expecting it...but who the hell knows) for TTRIF tomorrow would be a short-term negative...a buying opportunity for those who grasp that the promise and potential of this company is about to be commercially realized...Massachusetts TMPs are coming soon, David.These investors, as opposed to SPECULATORS, know that trading 1/2 point moves is NOT what they're in this stock for (of course, there's nothing wrong with trading off a core long-term position).
They are after the ten or twenty-bagger, to borrow from Peter Lynch, and they can feel good along the way- about helping the world solve a tremendous problem. We tend to lose sight of that fact on these threads occasionally.
Finally, you asked...
<What do you think will happen if the judge rules that HE is in contempt,after all, the appeal judge did rule that once before.>
David, there is a very high test to establish contempt in Canadian courts and it involves knowingly violating a court order (I believe the actual verbage is "willful and flagrant disregard"). What with various technical people swearing affidavits that Rene has delivered all that the order requires, it is difficult to see how he might be held in contempt.
I hope this answers most of your questions. Good luck in court.
Regards,
David Pickering
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