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

To: Hungry Investor who wrote (1917)	9/2/1998 8:33:00 PM
From: Q.	Respond to of 3458

Dear Mr. Perry: Regarding dilution, it has been 40-fold since the reverse merger which brought it public. That was 5 years ago. You might have some misunderstandings about it. The dilution is tabulated here, using data from the co.'s SEC filings: Message 5555503 I hope shareholders don't plan to use this to pay for their toddler's college education. At this rate, there could be trillions of shares out there, by the time junior gets that degree. Maybe they will put a sign on the corporate HQ: trillions and trillions served. As for KLAC, the last public offering was 4/95, 1.5M shares by Morgan Stanley & Co. Heck, that's just a month's worth of Mr. Nowek's nice new shares. And Mr. Nowek doesn't use Morgan Stanley. He just sneaks the shares out there. re. reverse splits, there aren't any mentioned in the SEC filings for TRBD that I could find, nor in MarketGuide's comments for KLAC.

To: Hungry Investor who wrote (1917)	9/2/1998 8:42:00 PM
From: Nathan Hansen	Read Replies (1) \| Respond to of 3458

<<I think that I'm going to skip a couple of posters on this thread to keep from reading silly remarks.>> I undertook the same task a few weeks ago; it's been a job in itself to find some informed commentary lately. It's like: read the odd post, skip the rest. Glad there's not too many bidders here. Good to have you back Scott. cheers.

To: Hungry Investor who wrote (1917)	9/2/1998 8:58:00 PM
From: Q.	Read Replies (1) \| Respond to of 3458

Mr. Perry, re. <<2. On the Reg S issue with the discounting...that was a popular practice a couple of years ago, but the SEC figured out what people were doing and have put rules into place that prevent the vast majority of this from happening>> Wrongo. Try again. There are a lot of people here who know a lot about Reg. S financing and convertibles that flip at a discount. These are terribly abusive to shareholders. And they are more popular than ever. Which makes short sellers very interested in them. Why, I even know a web site that is devoted to the topic. But you wouldn't like it, most likely, because I wrote it. Best regards John G

To: Hungry Investor who wrote (1917)	9/2/1998 11:16:00 PM
From: Far Side	Read Replies (1) \| Respond to of 3458

Wow ! is this the real Scott Perry ? I thought we lost you in the Desert ? What the heck are you doing following this two bit Vancouver shell scam (pump and dump) kind of an operation ? Let me give you some good advice, go away... never come back put your money in some safe bank stock that pays a dividend. Yes, Ascensio did us all a big favour and don't ignore all the due diligence posted by John G and Barbara, The points they have raised SHOULD NOT BE IGNORED. These folks know what they are talking about they have been there and done that .... The con artists like Hamili and Nowek pitched their story to us and we sucked it up for over two years: hook, line, and sinker !. It has become very plain to me that we have be taken advantage of. TRBD is going nowhere in the future! Listen, I don't know why these jokers bought Pacific Baja (Optima Wheel) or why they went to the trouble of getting South West Institute or the EPA to certify their product cause the darn technology simply doesn't work. Well, let me correct myself, it sort of works but there is no way way in hell this company (or the shareholders) is ever going to see a nickel of earnings with all the share dilution and questionable management practices going on. I am now totally convinced that we were all sucked in "big time" by the Hamili/Nowek con machine. I wouldn't be surprised if at the next AGM they announce to new board of directors; Boris Yeltsin, Bill Clinton, Iattolah Kohemeni, Oamar Kadaffi, Nick Leeson and for good measure why now not add Alan Greenspan Ha! Scott, I implore you TO KEEP YOUR HARD EARNED CASH CASH AWAY FROM THE TRBD MONEY PIT. I tell you I got the scars to prove it. I don't care what rumours you may be hearing ...TRX or VX or the mysterious OEM that they are not allowed to disclose. don't be a fool do yourself a favour and go out and short TRBD. The shorts are only people making any money on this baby. Yessirreee I'm glad I sold..... Scott, If this stock hits 9.00 this year I'll eat my shorts. I mean it I'll EAT MY SHORTS :> I apologize for babbling on, I guess I'm just a motley fool trying to get rich on a technology dream. SEE YOU AT 20.00 (Opps, sorry that just kinda slipped out) Jim

To: Hungry Investor who wrote (1917)	9/3/1998 9:52:00 AM
From: Katherine Derbyshire	Respond to of 3458

>> 1) I can't remember who made the silly point about KLA-Tencor having only twice the stock as Turbodyne, but that is the most ridiculous point I have seen yet. I'm sure that neither KLA or Tencor went through a heavy reverse split prior to doing an offering. Oh wait, both did. Most companies do prior to becoming public. There are many examples of companies out there that have more stock outstanding that TRBD (and have a smaller market cap). I agree that there has been significant dilution. << Since it was my "silly point," I should probably make it a little bit clearer. The more shares outstanding there are, the more the company has to earn in absolute dollars in order to earn a reasonable amount per share. Since earnings per share is what ultimately drives the stock price, I don't especially care where the shares came from. KLA-Tencor (KLAC, picked out of thin air because I happen to be familiar with them and they happen to have almost exactly twice as many shares, which makes the math easy) earned about $1.50 per share (about 86 million shares outstanding) on about $900 million in revenue for the 9 months ending 3/30/98, or roughly $300 million per quarter. TRBD had about $10 million in revenue for the quarter ending 3/30/98, and reported a loss. My point was that, even assuming TRBD can achieve the same 11.5% profit margin that KLAC does, with 43 million shares outstanding they would need about $150 million in revenue per quarter in order to turn in a reasonable profit per share. That's 15 times their current revenue, assuming no further dilution. That's a whole lot of turbo gizmos. (That also assumes a pretty decent profit margin, but I'll give TRBD the benefit of the doubt.) (I'm not setting a terribly high bar here, either. The semi equipment industry, KLAC's market, is having a dreadful year, and, like most high tech companies, KLAC isn't shy about awarding options to key employees.) >> The term "development stage" is not a SEC term, nor was it ever. Its actually a term used by accountants to describe a company that is in the process of creating its product, that has no sales, and that probably doesn't have a sales and marketing function. The term actually relates to a set of presentations in the financial statements (definitely an accounting term). See it how you'd like, but Turbodyne is not a development stage company.<< This was also one of my points. I know that development stage is not an SEC term, and said so in my post. In case you missed the sarcasm, I was implying that TRBD is using the "development stage company" description as an excuse for its poor performance. If they aren't a development stage company, then what's their excuse? Katherine