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Technology Stocks : Turbodyne Technologies Inc. (TRBDF) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Kash who wrote (1224)	7/11/1998 6:49:00 PM
From: Gerald L. Kerr	Respond to of 3458

>>Anyone have any ideas????<< Call 'em and ask 'em...you can be the "official" reporter for the thread. Gerry

To: Tom Kash who wrote (1224)	7/13/1998 1:57:00 AM
From: Mike C2	Read Replies (1) \| Respond to of 3458

Singleton was C.O.O & Vice-Chair of Security Pacific Indulge me in an exercise: 1. Read the 1/27/98 release announcing the appointment of J.Singleton to the Board, as Chair of the Finace Committee, and Financial Advisor. 2. Read the 2/26/98 release announcing his appointment as C.O.O. 3. Read the notes to the most recent quarterly report. I would presume that for those who haven't called the company for it, the 10Q will soon show up on the Edgar system if the company achieves U.S. domestication as promised this week, maybe in the 20AF? Why would someone with Singleton's reputation and connection in the global financial community countenance the kind of shenanigans perpetrated on current shareholders during February and March just after he came on board. I'd be willing to wager that a cultural struggle occurred between Singleton (the voice of straight arrow, corporate financing solutions for short term liquidity) and Nowek (the company's Vancouver financing specialist) who facilitated a 40% commission for Vancouver-based Quest Ventures (and himself?) in the raise of 1 million this spring. I'd further wager that being a U.S. company and behaving like one has proven to be a little tough for longtime Turby honchos who seem to have gone to the cookie jar for one last? (I hope) grab. As a parent you love the child, but punish the childish behavior. I believe Singleton found himself without the parental power to stop the nonsense...and chose to disaffiliate himself rather than sign off on the 4 million raised in Feb & March, all the option repricing (which may or may not be that big a deal) and the rest of that jazz. BTW, the new CFO comes from the current auditor KPMG, not Morgan, the previous. If anyone from the company is listening to this shareholder, I say GIVE YOUR ILL-GOTTEN PLUNDER BACK. Apologize. Name the holder(s) of the most recent convertible debentures. Do the ungreedy thing! Do I think this might happen? hehehehe! MiKe