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

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To: mike wood who wrote (156)10/8/1997 9:35:00 PM
From: Edward W. Richmond   of 1208
 
Mike, I'm not Garth. However, I think I can provide some of the information you requested.
I am long on Redux and I also subscribed for some shares through the public offering. It is my understanding that if the stock price appreciates too much, Redux, prior to the closing of the placement, could cancel the offering and establish a new set of guidelines( price, terms of the warrants etc. ) to reflect the new price. No, I do not want the price to rocket at the present time. I hope the Q3 results do not come out prior to the closing of the IPO.
The IPO should be closed at or shortly after the end of October.
I went for the share offering to get the one year warrants that can be exercised at $2.00. I expect to be much less than the share price at the time.
Check out the company fundamentals, you may like what you see.
Happy Investing.
Ed
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