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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)
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To: Tupulak who wrote (336)4/5/1998 1:57:00 PM
From: Saverio  Read Replies (2) of 1208
 
Curtis, you are essentially correct. Actually, the 8% debentures have a $1000 nominal value and are convertible, before or on December 19, 2002, into 625 shares of TCT per debenture. I own a bunch of TCT shares and am overweighted on the debentures; of all the companies in my portfolio, TCT is the one I feel most relaxed about, as I know it will bring me a big return when it starts to move.
Cheers.
Saverio
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