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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)
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To: M. Merriam who wrote (1147)12/3/1999 9:19:00 AM
From: mike wood   of 1208
 
They are cutting costs to the bone.To me 17000 a month rent is crazy.They can get a building the same size for 3500.Bill has always said he did not need an office you can also play basketball in.It will take them 4 days to move,and they should be manufacturing again in a week.
To date,with the closing of Can. operations,330,000 a year,and moving out of current Prescott location we have saved 492,000.If my calculations are correct,we just increased EPS by .35.I do admit that the press release could have been worded a little more positively.
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