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: Nathan Hansen who wrote ()	9/9/1999 1:27:00 PM
From: Saverio	Read Replies (1) of 1208

The discrete 4th quarter was quite ugly! - Product sales: $241k ...Cost of goods sold: $593k - Gen. and Admin. Expense: $976 (vs $500k/quarter on average of previous 4 quarters). - Depreciation/Amort.: $590k (vs $120k avge previous 4 qtrs) - Interest on LTD: $636k (vs $145k avge previous 4 qtrs) - Write down on sale/leaseback of plant and eqpmnt: $1,982k IMO, the worst is product sales...is this a one time bad quarter, or an omen for future quarters (sales during fiscal 1st qtr 2000 have been known by insiders for over two months now...I guess it is none of shareholders business...TCT management certainly seems to believe shareholders enjoy surprises...) Saverio

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