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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)
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To: mike wood who wrote (841)7/6/1999 10:06:00 PM
From: Edward W. Richmond  Read Replies (1) of 1208
 
Mike, I think Cameron's comment about litigation was, to be charitable, inappropriate. I'm sure that most small-cap companies could be found guilty of misleading their shareholders. Some have made it an art.
From a personal point of view, I am pleased that Cameron has not responded to my telephone and e-mail attempts to contact him. (Today, I cancelled my request for a return call.) I was anxious to contact him by phone or e-mail as my family (not THE family) was interested in taking a fairly significant position while prices were depressed. The easiest way to get the best price is to arrange a block trade. The price don't rocket as it does when the buying is on the open market. The delay allowed me to review Grant's observations and the non-response from the company.
Our conclusion, we are not interested in increasing our position in TCT. I hope they get their financing in order and that they begin to show a little more consideration for their investors and newsletter editors. I still believe the product is great, but, in my opinion, the management of the company and the IR operation are in pretty sad shape.
I regret that we are relegating TCT to the back burner. However, I do believe there are more productive places to spend my time, energy and money. I may post from time to time, if something significant happens.
Best regards to all who have pinned their hopes on TCT. I hope your patience is well rewarded.
Ed
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