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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)
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To: mike wood who wrote (1110)10/8/1999 9:37:00 PM
From: Tupulak  Read Replies (1) of 1208
 
Mike,
As per your request here are some numbers I got today.
New office:
Rent: $270.00 per month
Staff: $0.00 per month (Nathan is working for free at this point)
Phone and other things: $430.00 (estimate at this point)
Total: $700.00 per month

Old Office:
Rent:$4,800.00 per month
Staff: $40,000.00 per month
Phone and others: $2,500 per month (just my guess)
Total: $47,300 per month

Savings: $46,400 per month
$556,800 per year or the interest on the Convertible Debentures. ($560,000)

I am sure that there was other expenses at the old office which I am not including as I don't have exact numbers on them. The bottom line is the can meet the debt obligations just out of these savings. The Prescott office I am sure can generate enough revenue to cover it's expenses and just maybe a small profit. If I was short I would be sweating a bit if the quarterly report starting Oct. 1st start to reflect this savings (due out in March I believe).
So be patient and it should be rewarded.
Curtis
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