Thermal Control Technologies Corp TCT (was Redux Energy) Message Board

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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)

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To: Edward W. Richmond who wrote (823)	7/1/1999 10:40:00 AM
From: Saverio	Read Replies (2) of 1208

For whatever it's worth, following is a comment on the situation from Grant Robertson (from Buy Low Sell High). Saverio Grant says: "Investors are concerned regarding the debenture interest payment due this week and how the company will cover the payment given its working capital deficiency. Indirectly, we have heard that the payment will not be a problem. We have also heard that the company elected to do a sale / leaseback of its new building and land in Prescott to raise a large amount of cash to correct the working capital problem and provide ongoing working capital, etc. We await confirmation of this information from TCT's management. We have not received a return call as of yet. Will let you know when we hear something. Grant"

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