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

To: current trend who wrote (3089)	4/8/1999 12:24:00 PM
From: Q.	Read Replies (1) \| Respond to of 3458

Well, what can you say? The news release is frank and very much to the point. It pretty much takes the whole discussion and puts it in a nutshell. This all feels like an anticlimax now. There's no fun left in it for scam busting, because it's done busting now, with all the facts laid out for everybody to see. The story's not over in one important respect, though. The stock is still trading in Germany, now at less than two dollars. I've often said it's not worth more than 25 cents, based on the value of the wheel division. So there's still plenty of downside left for the stock.

To: current trend who wrote (3089)	4/16/1999 12:26:00 PM
From: current trend	Read Replies (4) \| Respond to of 3458

TURBODYNE Reports $ 20 Million Agreement with Private Equity Investor Woodland Hills, CA - April 15, 1999 - Turbodyne Technologies, Inc. (EASDAQ:TRBD) reported today that it has executed a term sheet with a private equity investor pursuant to which the investor would invest up to $20,000,000 in the company over a period of approximately one year. The term sheet provides that the investor will invest $2,000,000 at closing and an additional $3,000,000 60 days thereafter in the company's 6 percent secured, convertible one year debentures. The company will have the option to sell and the investor must purchase additional debentures in the amount of $3,000,000 at each of five subsequent closings commencing 75 days after the first closing and each 75 days thereafter for a total of up to $15,000,000. The investor's obligation to purchase these additional debentures will depend on Turbodyne's common stock achieving certain volume and price levels in all non-U.S. markets where it is traded in the month prior to each closing. If the stock does not achieve the required levels prior to a particular closing, the investor does not have to purchase the additional $3,000,000 of debentures at that closing. The debentures are convertible into the company's common stock at formula prices based on the price of the company's stock in the period prior to the closing and the conversion. In addition, the investor will be issued warrants to purchase the company's common stock in the amount of 15 percent of the face amount of the debentures. The term sheet is subject to the negotiation of the terms and conditions of definitive purchase and sale documentation, including price and volume parameters of the company's common stock and to the investor's due diligence. Although the company is hopeful that definitive documentation can be completed, there can be no assurance that the investor's due diligence will be satisfactory or that the company and the investor will be able to agree on the terms of the definitive documentation. easdaq.be CT