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Technology Stocks : Thermo Tech Technologies (TTRIF) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Pool who wrote (4814)	10/8/1998 6:36:00 PM
From: David Alon	Read Replies (1) \| Respond to of 6467

An update from the Yahoo thread from a very big shareholder, My indictment of the current management: It was IRRESPONSIBLE for Rene to build Richmond until Hamilton was shown to be profitable. I believe he has shown that he can take food waste and produce a viable end product. But Hamilton has not been shown to pay for itself let alone support the company. I will grant him the vision to set-up Hamilton II to test whether sludge processing will be profitable since this is really where the money is for municipal waste and long-term government contracts. It has been IRRESPONSIBLE to hype Chino when they have no intention and are unable to handle animal waste at present. It is WORRISOME that we have several ‘shell' companies where our money has been moved and laundered. It was IRRESPONSIBLE to hype ‘enzymes', ‘agriculture' and ‘international' spin-offs, fueling shareholder frenzy when all the while they new that the basic thermomaster process was flawed and under revision. It was IRRESPONSIBLE to release any news about USF creating a situation of damage control that we may never recover from in an era where we desperately needed a well connected JV. It has been IRRESPONSIBLE the way Rene has handled Trooper. Trying to grind them into the ground in a prideful, arrogant manner with total disregard for the companies well-being. Ignoring his council and shareholders, defying the court, and dragging the company through the mud. Damaging our credibility with the investment community and undoubtedly scaring-off any potential JV. It is IRRESPONSIBLE that the current BoD has not stood-up to Rene. Men of honor and integrity would have resigned long ago. There is no excuse for allowing this company to fall to the brink of bankruptcy. It is IRRESPONSIBLE the way this IR department has handled news releases. Leaking via phone calls and Internet posters near-done deals. Encouraging message board posting with its dangerous proclivity towards speculation and exaggeration, then releasing empty announcements without substance. Calling individuals to promote the stock shamelessly with reports of soon to arrive announcements that will double or triple the share price. Projecting phenomenal year-end share prices and astronomical building and development in the ‘months ahead'. “_____(year) will be our year”. I hope some of you have documented these calls with time, day and person. It has always worried me that claims of how good this technology are have outstripped the interest. The waste management industry should be beating down our door. We should have them standing in line to sign ‘sweet-deal' JV relationships. Here is what is real; we have 1 plant, not running to capacity, that has yet to prove the process is profitable. If you are an optimist you would claim that Rene and BoD are visionaries who believe so much in the technology (yet unproved) that they could not wait to expand. If you are a skeptic, and many of us now are, we have been duped. We have a marginal technology and a crooked management. Led to believe that there will be a TMP in every city worldwide over the last few years, we have seen hype, delays, outright lying, share dilution and a severely depressed stock price. Tom, you wonder why there is this shareholder revolt. The one ray of hope is that Harvey Ambrose has backed this company with his reputation and money. That, in my opinion, gives us a floor that we should not fall through. The end product is the real deal otherwise Miracle Feed would not give us the time of day. So all is not lost. I would like to see new management. Rene and Harvey Ambrose have too much at stake to let this company die if Rene is ousted. A complete audit of the books, including investigations into the shell companies. I would not be disappointed if the building that is taking place would stall or stop until Hamilton is shown to be profitable. I see another 2 million traded today and we notch down another 4 cents. Looks like another 1.6 million shares outstanding added to the dilution. Could very well be that we will see 150 million shares outstanding by the AGM. Regards, Chris in PA