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

To: Far Side who wrote (1733)	8/13/1998 8:54:00 AM
From: Q.	Respond to of 3458

I talked today to a German analyst who attended the presentation by Halimi in Frankfurt yesterday. The analyst, who represents a firm that receives no payments from the companies they cover, was completely new to Turbodyne, so he didn't know much about the co. other than what he heard at the meeting. I asked the analyst whether the co. was still claiming they would sell $200 M in 1998. He said, no, they announced they were reducing that figure to $100 M. To me this is much more interesting than what Halimi most wanted to talk about. The thing that the analyst said struck him as receiving the most stress in Halimi's presentation was that the co. will sue Asensio. According to this analyst's recollection, Halimi said Asensio was short already at '2 or 3' and 'was about to go bankrupt'. The impression I got is that this is the #1 thing on Halimi's mind. I think this is more important for what it says about Halimi than what it says about Asensio, since Halimi and Novek are what this stock is all about. As an aside, I checked when the stock was last around 2 or 3 in March, and at that time the short interest was a mere 100 k shares, which is darn little for a stock with 40 M shares outstanding. So nobody had a significant short position then. Short interest didn't become significant until May, when the stock was above 8.