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


To: current trend who wrote (1991)9/17/1998 9:52:00 AM
From: Gerald L. Kerr  Read Replies (1) | Respond to of 3458
 
It sends a warning that further attempts at abusive shorting will be met with stock purchases by the company...should help maintain a floor under the share price until events take the price higher.

O.T. General market down big time...glad my retirement $$'s still in money market fund.

I smell huge buying opportunities coming as soon.

My opinions only,
Gerry



To: current trend who wrote (1991)9/17/1998 11:15:00 AM
From: Q.  Respond to of 3458
 
This is curious. TRBD has $11 M cash largely because it sold common stock at below-market prices to insiders who were exercising options. Now it proposes using a third of that cash to buy the stock back, at market prices.

Buy high, sell low. Is that the co.'s trading motto for TRBD stock?

Anyway, where is the cash going to come from to ramp production by an increment of $100 M in sales by the end of the year (or whatever the latest co. prediction might be), if they spend the little cash they have to buy stock?

Either they need cash to ramp, or they aren't really going to ramp. I wonder which it is.