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

To: Gerald L. Kerr who wrote (1469)	8/4/1998 11:08:00 AM
From: Hungry Investor	Read Replies (1) \| Respond to of 3458

Gerald, Its a two part game. You need to guess volume. I'm probably high at 12... a little greed and wishful thinking on a day like today.... Here comes the next push..... Scott.

To: Gerald L. Kerr who wrote (1469)	8/4/1998 11:35:00 AM
From: Mike C2	Respond to of 3458

Asensio's innuendoes Today Asensio & Company, Inc. initiated coverage with a Strong Sell and Short Sell recommendation. Some of their points & my take... 1. "Turbodyne does not possess any patents on any ignition, combustion, fuel or intake design or product that offers engine manufactures any new technology in emission reduction or power output." Fact: more complete combustion which leads to increased fuel efficiency and reduced particulate emissions may not be new technology... but it's particulately :) efficient for what it does. Offer engine mfrs., bus companies etc. a technology that is green and a money saver. 2. "In fact, the vast majority of Turbodyne's 44.2 million fully diluted shares were created through below market private sales to insiders who then resold the shares to the public without further disclosure to the buyers. " Fact: a lot of shares were issued to the owners of Pacific Baja. They do planned sales on a regular basis for dealing with their tax consequences. Anyone who has followed my previous posts knows that i am not happy about some of the recent financing which directly benefitted Nowek. The large financing via convertible debentures at the end of last summer was NOT done with insiders. The share dilution still hurt domestic shareholders as the offshore holders shorted the shares against debentures which were ultimately converted to shares at an average price in the 2 range. 3."We see no asset or future earnings potential that can remotely support Turbodyne's current stock price. We believe this gross overvaluation combined with Turbodyne's complete inability to generate any earnings per share will cause the stock to fall to well below $1 per share. Pure BS. Asensio has no earnings models, no sales projections, just a desire to scare longs into panic selling. They are basically stating the company is a fraud. I hope they get their butts sued. Maybe Mannesman, Detroit Diesel, Borg-Warner, & Saab will help TRBD defray the legal expenses. You can bet they've made a lot of money today and may have covered their initial shorting costs already... just as i have sold enough shares purchased in the 3 range to have covered my "nut". It's feels better to play with profit than risk capital. IMO. BTW, begrudging kudo to TechMaster who said gap (5.81 to 8) in April would be filled. He won...I lost. I have buy orders in in the mid sixes. Expect the company to have a press release (expect that they will not disclose this spring's holders of the 3 million dollar sweetheart deal today BUT I SURE WISH THEY WOULD sometime)...and expect Asensio to repeat their attack with more ammunition as they grab onto other negative tidbits. I don't think the current state of affairs justifies a share price of 15-17, but neither should it be 6-7. We live in turbocharged times. May the force be with you. Mike C