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

To: Mike C2 who wrote (1884)	8/29/1998 6:53:00 PM
From: Far Side	Read Replies (2) \| Respond to of 3458

A bit of news on Government initiatives to cleanup Diesel exhaustwhich I pulled off another SI thread. Read On: From todays Austin American/Statesman: The 11 member California Resources Board voted unanimously to declare 40 chemicals found in diesel exhaust , including benzene and dioxin, as toxic air pollutants. That makes California the first state to specifically target these cancer-causing chemicals in diesel exhaust. The vote requires the board to draft a plan to limit human exposure to the chemicals, including setting limits for emissions of each one.

To: Mike C2 who wrote (1884)	8/31/1998 11:30:00 AM
From: Q.	Read Replies (1) \| Respond to of 3458

Mike, re. reverse mergers & Turbodyne's connection with Moll, who was banned for securities violations: It is not unusual for officers of the shell to remain on board the new co. Consider Masee, whom I discuss below. A reverse merger is not merely a 'convenient way to begin a business without having to do an expensive underwriting'. It offers a minimum of disclosure. It is used all too often as a way of preparing to fleece small investors. Small investors should consider a reverse merger to be a significant risk factor, one worthy of avoiding the company altogether. This is just one of many risk factors that small investors should be aware of. Others include: * involvement with stock promoters who are under SEC investigation * continuing involvement of current management in Canadian penny stocks * former head who was banned for life for securites violations * lack of disclosure by the co. of the previous items * record of monumental stock dilution * lack of history of disclosure * lack of history of revenue generation * history of failed predictions of revenue * public image that focuses more on the stock than on selling products to customers (co. web page, for example) * listing in Vancouver (the capital of stock fraud) * record of issuing misleading news releases * concentration of supposed sales in countries (like Russia) that are not observable by small US investors * reliance on product distributors with no history (like Grand) * active online boards (these can attract company-paid shills) * involvement of small investors in Germany (easily misled by paid stock promoters without the fuss of US securities laws) Small investors are often prey to stock scams. To avoid being victimized, one can simply avoid stocks with risk factors like those listed above. Mike, you ask what Moll has to do with the present company, since he was banned for life in 1992, whereas Turbodyne reverse-merged into the Canadian mining co. in 1993: Moll was closely associated with Masee, who was a director of Turbodyne after the reverse merger and concurrently with Halimi and Nowek. Here's what the magazine article I cited had to say: Masee, formerly of the Bank of Montreal, was the private banker to some of the biggest players on the VSE, including millionaire promoter Harry Moll.... At the time of his disappearance, in August, 1994, Masee ... was retired from the bank and working as a director of a VSE company called Turbodyne Technologies Inc., which was supposed to be developing a less polluting breed of diesel engine. Turbodyne was formerly controlled by Harry Moll, who had been banned from the VSE Ask yourself this: Given that Halimi and Nowek had a co. in the US, and they wanted to get it listed in 1993 via a reverse merger, and given the availability of many shells, including US companies, then why did they choose a Canadian company that was tainted by association with such a proven stock fraud like Moll? There isn't any clear information available to US investors about what went on in 1992-1993, and who was involved. As you found yourself, the SEC filings began much more recently. There's no easy way for you to check Canadian filings without traveling to Canada to visit a repository. Even then, the Vancouver exchange destroys filings after a few years, a practice that certainly serves the interests of fraudulent Canadian penny stock promoters. This lack of a disclosure record is one of the risk factors I list above.