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

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To: Tupulak who wrote (977)9/8/1999 7:53:00 PM
From: Edward W. Richmond  Read Replies (1) of 1208
 
" I just looked at the debentures and the sold for 10 cents on the dollar today or a 80% interest payment." Curtis, there's a clue there. 80% return spells horrific risk. I think the market is telling us something. Will the company have the resources to pay the 80% return. Remember, that unlike bonds, they can default on a debenture interest payment without being forced into insolvency.
Glad to hold only a small position. Regardless of the numbers, I don't want a significant position in a company with this kind of management and leadership, or lack of it.
Do you trust them and/or their business skills and abilities????????????
Best regards,
Ed
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