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

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To: mike wood who wrote (249)1/21/1998 12:04:00 AM
From: Saverio  Read Replies (1) of 1208
 
Mike: that bid is not comparable to a stock price. It means that somebody is willing to buy the debentures at a premium. In this case, somebody is offering to pay $23,000 for $20,000 face value of the convertible debentures. It is probably a cheap bid as nobody is selling at that price.
Saverio
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