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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)
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To: M. Merriam who wrote (1194)2/2/2000 8:08:00 PM
From: farmerBill  Read Replies (1) of 1208
 
Nathan, if you are out there, and would like to make some money back on TCT, who don't you reorganize, giving shares at 20 cents to the $10 million in debt, this would give us a debt free company with 65-70 million shares o/s. Then deal yourself and some promoters mgmt options on 6.5 million shares, which would be the permissible 10%. Then get some other manufacturer to make Charge Air Coolers and pay TCT a royalty. This would pay your salary and rent while you turned the company into an Internet play. I believe that the 50 million shares issued in return for debt could be freely traded, and for the ones I as one debenture holder would receive, I certainly would be very willing to give an option to a promoter. Most current holders of debt would probably do it too. Could be a great shell.
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