TURBOdyne - 500 Beiträge pro Seite

[Catchup]

Wisst ihr schon Bescheid....?


catchup

[Manuel06]

Teilst Du Dein Geheimnis ??

[Catchup]

@manuel

mir sind da etwas die Hände gebunden...?

catchup

[jacop]

[Mask]

Da hat heute früh in Berlin ja jemand richtig eingesammelt:
80 Stück zu gesamt EUR 7,00.
Ganz schön mutig!!!

Wenn ich mich recht entsinne, war das wohl auch mal ein Lieblingswert unseres allseits geschätzten und verehrten Heiko Thieme.

Gruß Mask

[Catchup]

@mask

Moment mal.

Umsatz Berlin 11:34 Uhr 36.380 Stck. Letzter Kurs 0,93.

catchup

[Catchup]

Ooops

Sorry, meine natürlich 0,093 (noch)....

catchup

[Dr. Motte, Berlin]

es war auch nicht thieme, sondern klisch! ihr seid mir doch eine bande....

[Mask]

#6
Hallo Catchup,

den Umsatz um 11.34 Uhr hab ich noch nicht gesehen.
Aber bist Du Hellseher das Du dieses schon um 11.33 Uhr gewusst hast.

Gruß Mask

[Catchup]

@mask

..tja, das ist eben die Kunst anne bÖrse..

catchup

[jacop]

[schmuka]

Ich habe schon öfter bemängelt, dass in diesen Boards relativ viel Schwachsinn veröffentlicht wird. Auch Catchup habe ich schon kritisiert. Er hats aber nicht kapiert. Seine Meldung: Ich weiss was, sag´s aber nicht, habe ich das letzte mal im Kindergarten gehört. Und der Umsatz!!!! Da fliegt gleich der Deckel weg. Bei 36.000 Stück hat ein Insider 3.400,- Euro gesetzt. Selbst der heutige (bisherige) Umsatz sind etwa Euro 15 - 16.000,-. Da angeblich Mitte Dezember das Gericht die Anhörung abschliessen und einen Schuldspruch sprechen will (angeblich spätestens 60 Tage später), ist es geradezu normal, dass einige Spekulanten (keine Insider !!!) ihr Glück versuchen. Hab ich auch, auch etwas teurer. Wenn´s aufgeht war´s egal. Geht´s schief auch. Das Chance-Risiko-Verhältnis ist gut: 100% Risiko, 1000% und mehr die Chance.

[CatWulf]

Hi,

in USA um diese Uhrzeit schon Bid
auf 0,10 getaxt

Gruß an alle investierten

[Catchup]

@schmuka

Umsatz Berlin 216.380 Stck

catchup

[Catchup]

15:38 Uhr

mehr braucht man gar nicht sagen:


0,1 84.350
0,105 134.350
0,12 136.350
0,15 143.350
0,23 144.350


catchup

[timeryder]

Na hoffentlich ist das auch nachhaltig

Bins nämlich langsam leid

[schmuka]

#catchup,
ich hoffe ja auch auf 4,- USD, aber nochmals: 320.000 Aktien zu EUR 0,10 entspricht EUR 32.000,--.

[CatWulf]

Hi,

das Orderbuch in Berlin hat
sich ja ganz schön geleert.
ASK
0,12 5.300
0,15 12.300
0,23 13.300
0,32 33.300
0,4 183.300


Gruß an alle

[Catchup]

In USA jetzt +25 %

Ich hatte es bereits um 10:54 Uhr dt. Zeit angedeutet...

catchup

[Hyflyy]

Hi Catchup!

Was ist denn aus Deiner etwas vollmundigen, geheimnisvollen "Ankündigung" geworden?. Der Kurs ist zwar "leicht" angestiegen, dümpelt aber nur so vor sich hin.
Wenn es handfeste News gäbe, wäre der Kursverlauf ein völlig anderer, erst recht wenn wir angeblich demnächst über Kurse von 2-3 $ reden.

Sorry, aber ich halte das ganze "Spiel" was da abläuft – leider – wieder einmal für ein Täuschungsmanöver.
Der Kursanstieg beruht meines Erachtens lediglich auf Spekulationen, bzw. auf Zockerei (im Sinne von Lotto spielen).

Würde mir zwar wünschen, es würde endlich mal nachhaltig aufwärts gehen, aber meine Hoffnung diesbezüglich ist minimal.

Gruß
Hyflyy

[irkuts2]

... hier haben in den letzten Tagen wohl nur ein oder zwei Käufer in großem Stil eingesammelt. M.E. wissen hier einige wenige etwas mehr und sammeln still und leise 100.000 Tausende von Aktien ein. Dies geschieht sehr vorsichtig, um den Kurs nicht zu sehr hochzuziehen; trotzdem mehr als 50% + in den letzten Tagen; also so richtiges dümpeln ist dies auch nicht!

Ich erwarte NEWS in absehbarer Zeit .. und dann beginnen sie wieder, die wilden Zockereien!

[mattien]

was sagen ketchup dazu ?

[Catchup]

@all

Irkuts hat da schon recht.... Als der Kurs bei 0,087 war hab ich euch informiert, das Ergebnis lies nicht lange auf sich warten, denn am selben Tag stieg der Kurs auf bis zu 0,18 in BER.

Bin gerade noch am recherchieren. Denke, Ende nächster Woche weiss ich mehr.

catchup

[Diva]

Versteht das jemand?:

große Stückzahlen gehen in den USA zu Ask-Kursen weg und dann wieder 100 Stücke am Bid, die dann wieder "ewig" stehen bleiben??

Was signalisieren sich die MM da gegenseitig??
Oder generell: was soll das??

Habe das schon öfters jetzt beobachtet ... nicht nur bei TRBD, aber meist an der OTCBB.

es dankt

Diva

[Diva]

Holla .... das mit dem "ewig" muß ich aber schnell revidieren .... was geht denn da jetzt ab??

wir sind bei 0,18$???

feine Sache

[godik]

das Turboloch wurde soeben überwunden

[irkuts2]

... so, nun werden wir zum Börsenschluss in NY noch ein paar kräftige Käufe zwischen 17 und 19c sehen, bevor dann morgen einige Unruhe eintreten dürfte!

[CatWulf]

Hi @ll

warum sollte Unruhe aufkommen ?
So lange keine Meldung von Trbd oder Hon
kommt wird weiter spekuliert.
Es könnten vieleicht nervöse Zocker
mit aufspringen die den Zug nicht
ganz verpassen wollen.
Gruß an alle investierten.

[Tschakka]

zum schluss nochmal schnell mit Minivolumen den Kurs in Amiland gedrückt?
Evtl. damits hier bei uns nicht zu teuer losgeht?

[Hyflyy]

Das ersehnte Feuerwerk heute scheint irgendwie auszubleiben.
Ich sagte es bereits: alles Spekulation, nichts genaues weiß man nicht...

Würde mich nicht wundern, wenn der Kurs in den nächsten Tagen wieder in sich zusammenkracht, nachdem keine News gekommen sind.

Hyfly

[CatWulf]

Hi @all,
sieht doch garnicht schlecht aus !!


Best Bid
Volumen Quote
- 0,146

Kauf Orders
Überhang Limit
40.000 0,146
120.000 0,144
139.685 0,14
144.685 0,136
154.685 0,135
Weitere: 10
Best Ask
Quote Volumen
0,149 -

Verkauf Orders
Limit Überhang
0,149 30.000
0,15 61.000
0,16 93.000
0,165 110.000
0,17 130.000
Weitere: 23

Letzter Preis
Zeit: 11:17:08
Preis: 0,148

Tagesübersicht
Kurse: 9
Umsatz: 129.132

[mattien]

was sagen ketchup zu dem kursanstieg ??

[Catchup]

catchup sagen:

I TOLD YOU !!!!!!

[Hyflyy]

...and what do you think will be the price at the end of this year?

My tip: < 10 cents

Greetings

Hyfly

[Hyflyy]

Huch, da hat sich gerade jemand dazu entschlossen, 349.000 Aktien zu 16,5 cent und 245.000 zu 17 cent zu "verscherbeln"

Das ist bestimmt einer der wenigen Großaktionäre, die über die bevorstehende Hammernews bescheidwissen

Hyfly

[Catchup]

@hifly

Wieso jemand? Das sind doch mehrere Orders, oder? Ausserdem sind Gewinnmitnahmen nicht unüblich.

catchup

[SaveEarth]

Na, das gefällt mir auch.
Jedenfalls besser als Stagnation.
Da bín ich ja mal gespannt, ob jetzt endlich ein Verfahren gewonnen wird (oder ein Vergleich stattfindet).

Save

[Tschakka]

same procedure as every week?

[SaveEarth]

Hoffe nicht, aber charttechnisch, siehts o.k. aus.

[CatWulf]

Hi @all,

so, dass Pulver ist in den USA wohl
schon verschossen worden.
Möchte nur zu gerne Wissen,
wer da gekauft hat ???

Catchup, wie wird es wohl
weiter gehen ?
Wann schätzt du das die Meldung
kommen wird.
Im Gespräch war ja immer Mitte Dez.

Gruß an alle investierten

[dreigeh]

die stückzahlen sind leider ein beden dünn.

[Assegai]

Ich hoffe, daß diese Woche die ersehnte Meldung über die Einigung mit HON bekanntgegeben wird. Ideal wäre es, wenn unser Baby nicht nur cash, sondern auch ein Lizenzabkommen oder eine Liefervereinbarung bekommen könnte. Dann wäre der langfristige Erhalt des Unternehmens wesentlich wahrscheinlicher und eine Rückkehr zu alten Höhen möglich. Irgendwas zwischen Traum und Wirklichkeit wird schon rauskommen.

Gruß an alle Investierten

Assegai

[Diva]

die Amis up ... wir down

und nicht ganz schlechte Umsätze ....

[Hyflyy]

Heute scheint irgendwie gar nichts mehr zu gehen. Umsatz und Kurs sind ins stocken geraten.

Weiß jemand zufällig, wann die "angebliche" Verhandlung heute beginnen soll?
...beziehungsweise, noch wichtiger, wann sie zu Ende ist?

Hyfly

P.S. mein Kurstipp für heute abend zu Börsenschluß:
10 cent

[timeryder]

Verhandlung soll heute beendet werden,danach kommt noch
was schönes

Last euch mal überraschen

Mein kursz.1,00-1,50 €

[Hyflyy]

und jetzt????
...sind all diejenigen, die "Großes" vorausgesagt haben plötzlich ganz still geworden?!?

Merkwürdig

Ich bleib dabei: Es wird dieses Jahr wohl nichts mehr passieren: wir werden weder großartige News noch Kurssprünge erleben.
Der Kurs wird am Jahresende irgendwo zwischen 8 und 12 cent liegen.

Schade eigentlich...

Hyfly

[irkuts2]

... und es liegt doch etwas großes in der Luft.

Ich habe gestern abend um 21.40 Uhr eine kelien Kauforder über 25.000 Stück Limit 0,18 nach New York gegeben. Kursstellung war dort 17c zu 18c. Ausgeführt wurden in den verbleibenden 20 Minuten ganze 10.000 Stück und es wurde hochgetaxt auf 17,5c zu 18,5c!!

Fazit: Es liegen absolut keine Aktien in New York zum Verkauf. Nur leicht anziehendes Interesse wird den Kurs rasend schnell hochziehen .... was bei einer positiven Nahcricht passiert, kann sich jeder vorstellen!

[Hyflyy]

@catchup

"Wisst ihr schon Bescheid....?"

Über was hätten wir denn Bescheid wissen sollen?

Das hast Du geschrieben am 4.12., jetzt ist der 17.12.

Passiert ist aber nix - außer daß gestern in Amiland ganze 2200 shares gehandelt wurden

Sorry, aber ich denke , das was Du möglicherweise aus irgendwelchen "geheimen" Quellen erfahren hast, war Bullshit!
Und der Kursanstieg ist auf viele Spekulanten (sorry ich meine nicht den aus Österreich ) zurückzuführen, die sich höhere Chancen als beim Lottospielen ausgerechnet haben. Diese Spekulanten werden sich aber ganz allmählich wieder zurückziehen, weil keine News kommen werden, und somit wird der Kurs auch wieder zurückgehen...

Gruß
Hyfly

[mattien]

was sagen ketchup dazu ?

[Catchup]

Geduld Freunde, der Dezember ist noch nicht vorbei....

catchup

[00705]

Das aktuelle Orderbuch

Best Bid
Volumen Taxe
- 0,13
Kauf Orders
Stücke Limit
40.000 0,112
10.000 0,105
5.000 0,102
5.000 0,1
10.000 0,095
Weitere: 4

Best Ask
Taxe Volumen
0,14 -
Verkauf Orders
Limit Stücke
0,14 32.750
0,16 50.000
0,17 25.000
0,18 15.250
0,184 1.000
Weitere: 26

Tagesübersicht
akt. Spread in %: 1,077
Letzter Preis: 0,135
Uhrzeit: 10:43:12
Umsatz (Stck.): 34.560
Preise gesamt: 8
Umsatz gesamt: 92.541


Statistik
Tageshoch: 0,135
Tagestief: 0,125
Diff. in %:
+3,704

Diff. abs.:
+0,005

Eröffnungspreis: 0,125
Schluß Vortag: 0,13

[timeryder]

Was sagen Ketchup dazu

Cetchup sagen immer selbe,in Oktobre, in Novembre,sagen
viel und kommte nix,immer gleise scheißemdreck

[lukas123]

Hallo Leute,
ich verfolge die Diskussion schon recht lange, wie auch die Aktie. Einige Kommentare sind ganz interessant, leider wird auch viel "Mist" geschrieben.
Die Sache ist doch so. Einige haben angeblich gehört, dass Mitte Dezember erneute Verhandlungen stattgefunden haben. Das es Verhandlungen gibt, wurde im Oktober ja vom Unternehmen offiziell bestätigt. Also hierüber brauchen wir nicht zu diskutieren.
Nun gut, jetzt wollen wir mal hoffen, dass bei den Verhandlungen tatsächlich was raus gekommen ist. Dann müsste das Ergebnis dieser Verhandlungen den begleitenden Richtern (US-Arbitration) vorgelegt werden. Ich kenne leider nicht die genauen Fristen und Termine in den USA, aber ich meine gehört zu haben, dass diese Gerichte in den USA um die Weihnachtstage mehr als 2-3 Tage, sondern von Mitte Dezember bis Anfang Januar für diese Fälle geschlossen sind. Daher werden wir unabhängig vom Ausgang dieser Verhandlungen bis Anfang Januar nichts mehr hören. ...

[lukas123]

...von daher. Entspannt Euch, feiert mit Euren Familien Weihnachten und im Januar schauen wir weiter.

Ich glaube, wir sollten uns allen im Gedächtnis behalten. Der Zeitpunkt um mit der Aktie 2-3 Cent herumzuspielen ist vorbei. Jetzt geht es um das ganz große oder es sowieso Feierabend!

Schöne Weihnachtstage Euch allen

Lukas

[CaptainCraven]

Lukas hat Recht. Ich kann mich dem nur voll und ganz anschließen.

[mattien]

mussen steigen turbodyne , wo ist ketchup , was sagen ketchup ??

[godik]

it´s a Senf
Die Ketchup- Boys haben fertig!

[mattien]

ihr müüst denken langfristig so 30 jahre

[godik]

Feierabend war schon 1998
Oder hat die Autoindustrie schonmal eine gute Idee nicht torpediert? Lukas hat Recht, möglicherweise presst ein US- Gericht Honeywell noch was raus für uns oder es ist vorbei.

[00705]

Form 10QSB for TURBODYNE TECHNOLOGIES INC

23-Dec-2003

Quarterly Report

Item 2. Management`s Discussion and Analysis or Plan of Operations


FORWARD LOOKING STATEMENTS

The information in this discussion contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties, including statements regarding the Company`s capital needs, business strategy and expectations. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms or other comparable terminology. Actual events or results may differ materially. In evaluating these statements, you should consider various factors, including the risks outlined in the Risk Factors section below, and, from time to time, in other reports the Company files with the SEC. These factors may cause the Company`s actual results to differ materially from any forward-looking statement. The Company disclaims any obligation to publicly update these statements, or disclose any difference between its actual results and those reflected in these statements. The information constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.


OVERVIEW

We suspended our business operations during our third quarter due to a lack of financing. Accordingly, our ability to carry out our plan of operations has been materially and adversely affected. The events that have lead to the suspension of our business operations and the current status of our business is discussed below under "Recent Corporate Development". We are currently working on the re-structuring of our business that would involve a new management team that we plan to implement if we achieve the necessary financing. See "Plan of Operations".

To the date of suspension of our business operations, we have been a design and engineering company engaged in the design and development of air charging technology that enhances the performance of internal combustion engines. Our technology is based on DC/AC, high-speed, high-powered, electronically commutated electric motors. Our business strategy involves entering into license agreements with original equipment manufacturers ("OEM`s") in the automotive industry who would incorporate our technology into their product lines in exchange for the payment of royalties or other similar license fees.

We have incorporated our technology into two initial primary products, which are (1) the Dynacharger™ and (2) the Turbopac™. We transferred the intellectual property associated with our Dynacharger and Turbopac products to Honeywell, Inc. ("Honeywell") in 1999. Our rights to these products are now the subject of a license agreement and a joint development agreement with Honeywell. We are now involved in legal proceedings regarding our agreements with Honeywell. Honeywell is seeking termination of the license agreement and joint development agreement and damages from us. See Item 1 of Part II – Legal Proceedings.

We are presently finalizing the development of additional products incorporating new technology, including a product known as the TurboAir. These new products are in various stages of design and development. Our ability to commercialize these new products is conditional upon us entering into arrangements with OEM`s that provide for the final development and manufacturing of these products. We have begun to enter into development agreements for the manufacture of prototype TurboAir units that will be used for testing and evaluation purposes by original equipment manufacturers. We are presently unable to proceed with these development agreements due to the suspension of our business operations

Prior to the suspension of our business activities, we were in a transition phase of our business to an engineering and design business from a business model that originally included manufacturing and marketing of products incorporating our technology. Our operating results for the nine months ended September 30, 2003 and the nine months ended September 30, 2002 reflect the fact that Honeywell is not proceeding with the

commercialization of the Turbopac and Dynacharger products and we are not earning revenues under our license agreement with Honeywell.

We are currently not earning any revenues under our license agreement with Honeywell or through sales of products incorporating our new technology. None of our products are currently being sold commercially.


RECENT CORPORATE DEVELOPMENTS

We have experienced the following recent corporate developments since the beginning of our fiscal quarter ended September 30, 2003 that have led to us suspending our ceasing business operations pending receipt of additional financing:

1. Our chairman, Mr. Manfred Hanno Jansen resigned as our
chairman and as a director in July, 2003.

2. Our founder, Mr. Edward Halimi, passed away in July 2003.

3. We became unable to sustain our business operations due to a lack of financing and our working capital deficit. We have

laid off our employees and vacated our leased premises as
part of the suspension of our business operations. We have
also suspended work on the development of our products and
technologies as part of the suspension of our business
operations. We are currently unable to continue development
of products under product development agreements that we
have entered into. As a result of our inability to pay
employees, Mr. Daniel Black, our chief executive officer,
has assumed the role of our chief financial officer, in
place of Mr. Charles Caverno, our former chief financial
officer.

As part of our efforts to resume business operations, we have entered into loan agreements with private individuals, as disclosed below, in order to provide us with minimal financings in order to enable us to sustain minimal corporate operations, including meeting our disclosure obligations under the Securities Exchange Act of 1934.


PLAN OF OPERATIONS

Our immediate plan of operations is for us to obtain the necessary financing for us to resume our business operations. We anticipate that we require additional financing in the approximate amount of $600,000 plus the agreement of our creditors to the settlement of outstanding accounts payable and accrued liabilities or their agreement to forbear on collection of outstanding accounts payable and accrued liabilities in order for us to resume business operations. Our strategy for resuming business operations includes the following elements:

1. We are attempting to enter into short term loan agreements
with our existing shareholders. While we have entered into
several loan agreements to date, there is no assurance that we
will be able to obtain sufficient funds from loan agreements
in order to resume operations.

2. We are proposing to assemble a new management team that would

be headed by Mr. David Willett who has previously been our
vice-president of product development. Our plan to assemble
this management team is on "stand-by" pending our achieving
additional financing that would enable us to pursue our plan
of operations for the development of our technology, as
discussed below. We plan to enter into new management
agreements with these individuals upon receipt of financing.
We do not have any agreements in place with these individuals
and there is no assurance that we will be able to negotiate to
engage the individuals who we hope to include in the
management team.

3. We are attempting to settle all legal proceedings that are
currently against us, as disclosed in Item 3 of Part I of our
Annual Report on Form 10-KSB for the year ended December 31,
2002 and in Item 1 of Part I of this Form 10-QSB. Our
objective is to remove the uncertainty and potential
liabilities associated with these legal proceedings in order
to increase the likelihood that investors will invest in us in
order to finance our business. There is no assurance that we
will be successful

in our negotiations to settle the legal proceedings in which

we are currently involved.

4. We are attempting to settle our outstanding accounts payable and accrued liabilities with our creditors. If we are unable

to settle these liabilities, then we plan to pursue
forbearance agreements whereby the creditor would forbear
from enforcement of the liability pending our resuming
operations. Our ability to settle our accounts payable and
accrued liabilities is presently compromised due to our lack
of financing and working capital.

5. We plan to proceed with a meeting of our shareholders in
order to increase the number of our authorized shares of
common stock. We have historically relied on equity
financings of sales of our common stock and share purchase
warrants in order to fund our operations. We believe that any
new financings that we achieve, of which there is no
assurance, will be through equity financings. Due to the fact
that we had 148,914,616 shares of our common stock issued and
outstanding as of December 10, 2003 and the number of
authorized shares of our common stock is 150,000,000 shares,
we will need to increase our authorized capital in order to
achieve any equity financings. We currently do not have any
arrangements in place for any equity financings and there is
no assurance that any financings will be achieved.

6. We are planning on resuming development of our products and technologies and performance of our obligations under product

development agreements once we have resumed operations. We
have informed our product development partners as to the
status of our operations. There is no assurance that we will
be able to continue with our product development agreements
due to our financial status. We anticipate proceeding with
approximately seven employees and an estimated operating
budjet of $70,000 per month.

If we are successful in resuming business operations, then our plan of operations over the next twelve months will be to focus on developing our Dynacharger, Turbopac and Turboair products under product development agreements with original equipment manufactures under a scaled back plan of operations. This scaled back plan of operations would involve us having a smaller number of employees and reduced leased space. We also plan to re-evaluate our business strategy, including an evaluation as to the feasibility of pursuing joint venture development agreements with original equipment manufacturers. Both our plan of operations and our business strategy will be implemented based on the amount of the available funds that we have access to upon receipt of any financing that would enable us to resume business operations.

We had cash of $12,481 as at September 30, 2003 and a working capital deficit of $13,001,232 as at September 30, 2003. If we are successful in resuming our business operations, our plan of operations calls for us to spend approximately $1,000,000 over the next twelve months, with approximately half of this amount being incurred over the next six months. This amount is exclusive of any amounts that we will pay to settle outstanding accounts payable and accrued liabilities or to obtain the forbearance of our creditors. As discussed above, we are not able to pursue our stated plan of operations without substantial additional financing. We are pursuing possible short term loan agreements and possible sales of our common stock and share purchase warrants to raise the financing necessary for us to resume and continue operations. We have no arrangements in place for additional loan or equity financing and there is no assurance that additional loan or equity financing will be obtained. We believe that conventional debt financing is not a financing option to us due to the development stage of our products, our lack of revenues and the litigation to which we are party. Based on these risks, there is no assurance that we will be able to resume or carry out our plan of operations. If we achieve less financing than required to resume operations, then we will not be able to carry out our plan of operations.


RESULTS OF OPERATIONS

Net Sales

We did not achieve any sales during the nine months ended September 30, 2003 or during the nine months ended September 30, 2002. Our current inability to earn revenues reflects the fact that (i) our new TurboAir product and other new products remain in the development stage; and (ii) our Turbopac or Dynacharger products are currently not being sold under any license or development agreement. There have been no sales

of the Turbopac™ product by Honeywell since June 2000 and our Dynacharger product remains in development.

We will not be able to achieve any revenues unless we are able to resume business operations. If we are able to resume operations, then we anticipate any revenues would be minimal and would be realized in connection with sales of prototypes that are designed and manufactured pursuant to development agreements that we have entered into. These sales will not be significant in relation to our overall operating costs. We anticipate that we will not be able to generate any significant sales of the Turbopac or Dynacharger products until we are successful in entering into a new license and manufacturing arrangement with a new automotive OEM. We anticipate that we will not be able to generate sales of our TurboAir products until we are able to enter into an agreement with an automotive OEM for the final development and manufacture of this product. We anticipate sales of prototypes will be offset against corresponding expenses.

Selling, General and Administrative Expenses

Selling, general and administrative expenses for the nine months ended September 30, 2003 increased to $1,197,105 from $761,973 for the nine months ended September 30, 2002, representing an increase of $435,132 or 57%. Selling, general and administrative expenses for the three months ended September 30, 2003 decreased to $353,140 from $396,201 for the three months ended September 30, 2002, representing a decrease of $43,061 or 11%. The increase in our selling, general and administrative expenses during the first nine months was attributable to increased activity during the first six months of 2003 in connection with development agreements that we had entered into. Selling, general and administrative expenses declined in our third quarter due to the fact that we suspended our operations in the third quarter. General and administrative costs included expenses associated with our Carpinteria, California office, management compensation, administrative staff and overhead. Selling expenses were minimal and reflected the fact that none of our products are being commercially sold at present.

Research and Development

Research and development costs for the nine months ended September 30, 2003 decreased to $1,877,455 from $2,853,033 for the nine months ended September 30, 2002, representing a decrease of $975,578 or approximately 34%. Research and development costs for the three months ended September 30, 2003 decreased to $121,472 from $1,509,945 for the three months ended September 30, 2002, representing a decrease of $1,388,473 or approximately 92%. Research and development expenses in the first two quarters of 2003 were attributable to development work relating to the manufacture of prototypes for evaluation purposes under development agreements. This research and development work was largely halted in our third quarter as we suspended our business operations, with the result that research and development expenses decreased substantially. Our research and development costs related to present and future products are charged to operations in the period incurred. Current research and development costs are associated with our development of our TurboAir products and new products.

Litigation Expense

We incurred litigation expense in the amount of $1,323,807 for the nine months ended September 30, 2003 compared to litigation expense in the amount of $701,979 for the nine months ended September 30, 2002. We incurred litigation expense in the amount of $202,430 for the three months ended September 30, 2003 compared to litigation expense in the amount of $242,399 for the three months ended September 30, 2002. The increased litigation expense for the nine months ended September 30, 2003 is primarily attributable to our settlement of litigation with TST in consideration for the issuance of 3,000,000 shares of common stock during our second quarter, which resulted in an expense of $1,050,000. Our litigation expenses are attributable to our involvement in the legal proceedings described in Item 3 of Part I of our Annual Report on Form 10-KSB. The most significant component of our litigation expense remains legal expenses attributable to our litigation and arbitration proceedings with Honeywell. Litigation expenses during the balance of 2003 are anticipated to consist primarily of legal expenses relating to the pending arbitration proceedings in the Honeywell dispute.

Net Loss

Our net loss for the nine months ended September 30, 2003 increased to $4,599,410 from a net loss of $4,510,695 for the nine months ended September 30, 2002, representing an increase of $88,715. Our net loss for the three months ended September 30, 2003 decreased to $748,475 from a net loss of $2,215,045 for the three months ended September 30, 2002, representing a decrease of $1,466,570. The decreased loss in our third quarter was attributable to the suspension of our business operations during this period. Our continued net losses reflect our increased selling, general and administrative expenses, our increased litigation expenses and our current inability to generate revenues.


FINANCIAL CONDITION

Cash and Working Capital

We had cash of $12,481 as at September 30, 2003, compared with cash of $137,517 as at December 31, 2002. Our working capital deficit increased to $12,953,732 as at September 30, 2003, compared to a working capital deficit of $13,001,232 as at December 31, 2002.

Liabilities

The largest component of our working capital deficit is a reserve for lawsuit settlements in the amount of $6,639,909 as at September 30, 2003, compared to $4,309,909 as at December 31, 2002.

Our accounts payable and accrued liabilities remain substantial due to our inability to generate revenues and our limited ability to raise capital to fund our operations. Accounts payable increased to $3,676,959 as at September 30, 2003 from $3,442,541 as at December 31, 2002. Accrued liabilities decreased to $2,138,832 as at September 30, 2003 from $5,061,515 as at December 31, 2002. We have continued during 2002 and are continuing during 2003 to negotiate with our creditors for the payment of our accounts payable and accrued liabilities. Payment of these liabilities is contingent on new funding being received that would enable us to make payment to the creditors. Our ability to resume and continue our operations is also conditional upon the forbearance of our creditors.

Short term loans from shareholders and other parties increased to $443,036 as of September 30, 2003 from $169,055 as of December 31, 2002. A portion of these loans are unsecured, non-interest bearing advances that we anticipate will be converted into shares of our common stock and share purchase warrants. These loans have not been converted to date.

Cash Used in Operating Activities

Cash used in operating activities for the nine months ended September 30, 2003 was $1,548,465, compared to $1,612,823 for the nine months ended September 30, 2002, representing a decrease of $64,358 or 4%. The decrease in cash used in operating activities necessitated that we increase our financing activities in order to fund our operations.

Cash Provided by Financing Activities

We have continued to finance our business primarily through private placement sales of our common stock, exercises of stock options, short term loans, conversion of accrued liabilities into stock and through increases in our accrued liabilities and accounts payable. Cash provided by financing activities for the nine months ended September 30, 2003 was $1,423,429, compared to $1,648,329 for the nine months ended September 30, 2002. Cash provided by financing activities during the nine months ended September 30, 2003 was comprised primarily of cash provided by issuances of common stock in the amount of $891,948 and cash from loans payable in the amount of $273,981.

Financing Requirements

Our immediate plan of operations is for us to obtain the necessary financing for us to resume our business operations. We anticipate that we require approximately $600,000 in order for us to resume business operations, exclusive of any amounts to pay or settle outstanding accounts payable and accrued liabilities. Our strategy for resuming business operations includes the elements described above under plan of operations. If we are successful in resuming our business operations, our plan of operations calls for us to spend approximately $1,000,000 over the next twelve months, with approximately half of this amount being incurred over the next six months. This amount is exclusive of any amounts that we will pay to settle outstanding accounts payable and accrued liabilities or to obtain the forbearance of our creditors. We are not able to resume or pursue our stated plan of operations without substantial additional financing.

We are pursuing possible short term loan agreements and possible sales of our common stock and share purchase warrants to raise the financing necessary for us to resume and continue operations. Since September 2003, we have entered into eight loan agreements whereby we borrowed an aggregate of $122,000. The loans mature on the earlier of August 31, 2004 or the date that we receive proceeds from the Honeywell arbitration proceedings in excess of $5,000,000, of which there is no assurance. The loans bear interest at the rate of 5% per annum and provide for a bonus of 50% of the principal amount and forgiveness of interest if we receive settlement or execution proceeds from our arbitration proceeding with Honeywell in excess of $5,000,000, of which there is no assurance.

We currently have minimal cash and working capital resources. We do not have adequate financial resources in order to enable us to resume or continue our business operations without additional financing. Our current sources of working capital are not sufficient for us to resume business operations. We may not be able to obtain additional financing on acceptable terms, or at all. Accordingly, there is substantial doubt about our ability to continue as a going concern.

We will require additional financing if we are to resume our business operations and to continue as a going concern and to finance our business operations. We anticipate that any additional financing would be through short term loans, the sales of our common or preferred stock or placement of convertible debt. We are presently attempting to negotiate loan agreements and private placements of our securities to raise working capital to finance our operations. However, we do not have any arrangements in place for any loans or the sale of any of our securities and there is no assurance that we will be able to raise the additional capital that we require to resume and continue operations. In the event that we are unable to raise additional financing on acceptable terms, then we may not be able to resume our business operations. Even if we are able to resume business operations, we anticipate that we will continue to incur losses until such time as the revenues we are able to generate from licensing of our products exceed our increased operating expenses. We base this expectation in part on the expectation that we will incur increased operating expenses in completing our stated plan of operations and there is no assurance that we will generate revenues that exceed these expenses.

Our authorized capital currently includes 150,000,000 shares of common stock. We had 148,914,616 shares of common stock outstanding as of December 10, 2003. In addition, as of September 30, 2003 we had warrants to purchase 26,248,120 shares of our common stock outstanding, options to purchase 5,268,381 shares of our common stock outstanding and we had 97,175 shares of our Series X preferred shares outstanding that are convertible into an additional 9,717,500 shares of our common stock. If all share purchase warrants and options were exercised and all Series X preferred shares were converted, the number of required shares of common stock would exceed the authorized number of shares of common stock. Accordingly, we have recorded a liability of $2,004,110 to account for the potential cash settlement of these outstanding share purchase warrants and convertible shares of Series X preferred stock. Our limited remaining number of shares of authorized common stock may adversely impact on our ability to raise additional financing through additional private placements.


CRITICAL ACCOUNTING POLICIES

Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. As such, some accounting policies have a significant impact on the amount reported in these financial statements. A summary of those significant accounting policies can be found in the Summary of Significant Accounting Policies in our consolidated audited financial statements included in our Annual Report on Form 10-KSB for the year ended December 31, 2002. Note that our preparation of this Quarterly Report on Form 10-QSB requires us to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of our financial statements, and the reported amounts of revenue and expenses during the reporting period. There can be no assurance that actual results will not differ from those estimates. We believe our most critical accounting policies include stock-based compensation and legal contingencies as explained below.

Substantial Doubt as to Our Ability to Continue as a Going Concern

Our financial statements included with this Quarterly Report on Form 10-QSB have been prepared assuming that we will continue as a going concern. We have suffered net losses in recent periods resulting in an accumulated deficit of $128,144,016 at September 30, 2003, have used cash in our operating activities in recent periods, have disposed of our most significant subsidiary through bankruptcy, are subject to lawsuits brought against us by shareholders and other parties, and based on our projected cash flows for the ensuing year, we will be required to seek additional equity or debt financing in order to continue our present operations, irrespective of the amounts to be paid, if any, in connection with the aforementioned lawsuits. These matters raise substantial doubt about our ability to continue as a going concern.

Stock Based Compensation

We account for our employee stock-based compensation plans in accordance with APB No. 25 "Accounting for Stock Issued to Employees" and Financial Accounting Standards Board Interpretation ("FIN") No.44, "Accounting for Certain Transactions Involving Stock Compensationan Interpretation of APB No. 25", and comply with the disclosure provisions of Statement of Financing Accounting Standard ("SFAS") No. 123, "Accounting for Stock-Based Compensation". Accordingly, no compensation cost is recognized for any of our fixed stock options granted to employees when the exercise price of each option equals or exceeds the fair value of the underlying common stock as of the grant date for each stock option. Changes in the terms of stock option grants, such as extensions of the vesting period or changes in the exercise price, result in variable accounting in accordance with APB No. 25. Accordingly, compensation expense is measured in accordance with APB No. 25 and recognized over the vesting period. If the modified grant is fully vested, any additional compensation costs are recognized immediately. Under variable accounting, changes in the underlying price of our stock may have a significant impact to earnings. A rise in the stock price would be treated as additional compensation expense and a decrease in the stock price would result in a reduction of reported compensation expense. We account for equity instruments issued to non-employees in accordance with the provisions of SFAS No. 123.

Legal Contingencies

We are currently involved in legal proceedings regarding shareholder litigation and other general legal proceedings. These legal proceedings are discussed in Note 4 to our interim financial statements and in Item 1 of Part II of this Quarterly Report. Where appropriate, we have accrued amounts which we believe we will be required to pay to settle litigation. We believe that the other lawsuits will be settled in our favor or are without merit and intend to defend against them vigorously. We do not believe these proceedings will have a material adverse affect on our consolidated financial position. It is possible, however, that future results of operations for any particular quarterly or annual period could be materially affected by changes in our assumptions, or the effectiveness of our strategies, related to these proceedings.


NEW ACCOUNTING PRONOUNCEMENTS

FIN 46, "Consolidation of Variable Interest Entities", clarifies the application of Accounting Research Bulletin No. 51, "Consolidated Financial Statements", to certain entities in which equity investors do not have the characteristics of a controlling financial interest or do not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support from other parties. FIN 46 is applicable immediately for variable interest entities created after January 31, 2003. For variable interest entities created prior to January 31, 2003, the provisions of FIN 46 are applicable no later than July 1, 2003.

On May 15, 2003, the Financial Accounting Standards Board ("FASB") issued Statement of Financial Accounting Standard ("SFAS") No. 150, "Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity". SFAS No. 150 changes the accounting for certain financial instruments that, under previous guidance, could be classified as equity or "mezzanine" equity, by now requiring those instruments to be classified as liabilities (or assets in some circumstances) in the balance sheet. Further, SFAS No. 150 requires disclosure regarding the terms of those instruments and settlement alternatives. SFAS No. 150 affects an entity`s classification of the following freestanding instruments: a) Mandatory redeemable instruments b) Financial instruments to repurchase an entity`s own equity instruments c) Financial instruments embodying obligations that the issuer must or could choose to settle by issuing a variable number of its shares or other equity instruments based solely on (i) a fixed monetary amount known at inception or (ii) something other than changes in its own equity instruments d) SFAS No. 150 does not apply to features embedded in a financial instrument that is not a derivative in its entirety. The guidance in SFAS No. 150 is generally effective for all financial instruments entered into or modified after May 31, 2003, and is otherwise effective at the beginning of the first interim period beginning after September 15, 2003.

The implementation of these standards is not expected to have a material effect on the Company`s financial statement

[schmuka]

Das Jahr ist vorüber. Wir wählen den Sportler des Jahres, das Unwort, den Manager u.s.w.. Ich ernenne eigenmächtig Catchup zur "Luftpumpe des Jahres". Ein Wichtigtuer ohne gleichen. Zur Sache:
Der Termin "Mitte Dezember 2003 bzw. 15.12.03" ist ohne Reaktion vergangen. Keine Meldung von TRBD, dass es einen Termin gegeben hat bzw. dass dieser nun verstrichen ist und dass nun das Gericht entscheidet bis zum ...?. Deutschbanker Janssen hat diesen Termin in die Welt gesetzt und verbreitet nun, dass die Richter bis Mitte Februar 2004 das Urteil sprechen werden. Aber wie oft hat Janssen Termine verschoben? Warum ging er aus dem Aufsichtsrat? Seine Erklärung, Platz zu machen, für einen, "der näher vor Ort ist", wäre nur glaubhaft, wenn auch ein Nachfolger ernannt worden wäre. Logischer ist, dass aufgrund der Szenarien von Janssen, die bisher nicht eingetreten sind, und die ersthafte Kritiken bis hin zu Androhung von Schadensersatzansprüchen nach sich gezogen haben, die Deutsche Bank die Notbremse gezogen hat. Janssen schwankt auch mitlerweile zwischen "Die informieren mich nicht mehr, ich bin ja draussen" und "ich habe vor kurzem mit denen gesprochen, es ist alles inline". Janssen hat etliche private placements durchgeführt. Hat er jetzt nicht mehr die Macht zu sagen: Ihr müsst die Aktionäre über den Stand der Dinge informieren, oder wissen die Amis garnicht, was in BRD erzählt wird.
Ich möchte jetzt nicht den Stab über Janssen brechen. Aber er hat in seiner Aufsichtsratszeit viele Deutsche für TRBD begeistert. Er hat jetzt die Pflicht, diese auf dem Laufenden zu halten, und zwar durch Meldungen. Sein Telefongeflüster allein ist nicht mehr glaubhaft.

[Catchup]

@schmuka

Du bist soo gut zu mir.

Guten Rutsch..

catchup

[timeryder]

Schmuka

Bin voll und ganz Deiner Meinung.

[CaptainCraven]

na ja, wir werden sehen. Wer früher stirbt, lebt länger ewig...

[oberinspektor]

der brief von schmuka deckt sich im großen und ganzen mit meinen informationen über diesen janssen. eigentlich ist das ein unglaubliches ding. als leitender direktor der deutschen bank und wohl auch chef eines der deutschen bank nahestehende in den usa domizilierten investmenthauses (lt.bloomberg?)hat sich dieser "verein" wahrscheinlich in eine höchst prekäre juristisch sensible lage gebracht.
Man kann gar nicht schriftlich fixieren , welche Tatbestände da eingreifen könnten. Es sei denn , das Ganze geht sehr bald sehr gut aus.

[schmuka]

Nochmals: Ich will nicht Janssen als Entschuldigung nehmen. Die Kurse sprachen oft eine andere Sprache. Ein Teil der "Schuld" trifft auch jeden einzelnen. Auch ich hoffe, dass sich alles in Wohlgefallen auflöst. Ich verurteile vor allem die jetzige Tatenlosigkeit von Janssen. Auch TRBD scheint die Interessen der Aktionäre nicht zu interessieren. Ein "Scheiß Spiel".
Schaut Euch als Alternative die Strategic Minerals in Australien (SMC.AX) an. Goldsucher auf dem Weg zum Produzenten. Schaut Euch die Meldungen an. Kenn.Nr. 869066.Gold liegt wenigstens im Trend.