Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (4250)	6/3/1998 2:19:00 PM
From: David Pickering	Read Replies (1) \| Respond to of 6467

Zeev, <Am I to understand that there will still be about $16 MM of the Leaky debenture" left, in case TTRIF needs to go back to the well?> That's correct. From the 4-3-97 20-F..."The company is entitled, at its option, to issue additional convertible debentures to the purchasers in amounts between $500,000 US and $2,000,000 US in each of the the twelve successive thirty day periods following effectiveness of the registration statement, subject to the Company meeting certain objective conditions. The additional debentures will be 8.5% debentures having a term of two years and will be convertible at a price equal to 85% of the market price at the time of conversion." Thanks for your reply on the expected time frame for issuance of the new patent. BTW, I took the liberty to search a couple of patent servers inputting your name as inventor. Fascinating stuff! I, for one, am thrilled to have access to your expertise/experience on this thread. Regards, David Pickering