To: Gerald L. Kerr who wrote (1649 ) 8/7/1998 4:06:00 PM From: Adrian du Plessis Read Replies (1) | Respond to of 3458
Hi Gerry -- I can see it's wishful thinking on your part -- but, to say "I'm outta here" is what most people I know say in the office every day; it doesn't mean they aren't coming in to work tomorrow! But, it's true that I will be leaving this thread -- my holidays start soon. (And what is there to achieve here? I've posted some of the sources for due diligence review, but, like the saying... you can lead a horse to water but you can't make 'em drink.) In all the years I've spent studying the junior stock market, it's never been a waste of time to look at the track record of company principals or of companies themselves. (Looking back just through this thread one can see hype about Brazil, a $9.75 million dollar deal that was to commence in 1996 etc. etc.) If you don't want to know that a key principal of Turbodyne, with significant responsibilities, was a director of a fraudulent VSE company that cost investors millions of dollars, that's your prerogative -- just as other investors/speculators may want to know about such facts. Know your history is always good advice when looking at a stock play. What you do next is up to you. To that end, here's a brief summary of from whence this TRBD journey began (excerpted from The Vancouver Sun, September 3 1994, "The Masee mystery: A life and times filled with colourful and shady characters"): "Of all Vancouver promoters, Harry Moll is probably the most controversial. He was the architect of the Pineridge Capital Group, a loose conglomerate of murky companies such as Cross Pacific Pearls, which was purportedly growing cultured pearls in California, and Unilens Vision, which was marketing a bi-focal soft contact lens. The entire group collapsed in 1992 in a storm of controversy, sparking a B.C. government commission of inquiry into regulation of the VSE. Moll became too hot even for VSE officials and he was eventually blacklisted. In February, at almost the same time Masee quit the bank, Moll moved to the Grand Cayman Island. Masee was one of several close friends who attended his going away party at Il Nido, a small Italian restaurant off Robson Street. After he quit the bank, Masee officially joined the Howe Street crowd as a director of Turbodyne, a fledgling VSE company that is now trading at 60 cents. His job was to look after the corporate budget and set up evaluations for the company's pollution device. Moll originally controlled Turbodyne when it was a VSE shell called Clear View Ventures. He then passed control to his longtime associate, Logan Anderson, who in turn passed control to Nowek. Nowek was previously associated with Moll in VSE-listed Northfork Ventures Ltd., a surgical instrument company that ran into regulatory problems in 1992 after its founder, Dr. Anthony Nobles, was found to have falsified his academic credentials. After the Northfork and Pineridge affairs, Moll's spectre became so foreboding that VSE officials required Masee to sign an undertaking before he joined Turbodyne saying that he would have nothing to do with Moll." Of course, Turbodyne director Nick Masee and his wife, Lisa, disappeared off the face of the earth on August 10 1994. Maybe this does not seem unusual to you -- but the police and most others familiar with the case still find it disturbing. What harm is there in you and anyone else looking into those companies with which Leon Nowek has been, or is still, associated? What harm is there in looking into whether or not any of the Swiss, German or other connections that were behind the Pineridge swindle have any connection to Turbodyne? etc. etc.