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

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To: Nathan Hansen who wrote (563)12/22/1998 1:12:00 PM
From: Edward W. Richmond  Read Replies (3) of 1208
 
Nathan, I tried a little bottom fishing at $0.53 and $0.57 but to no avail. I am reluctant to go much higher until TCT gets their financing in place. I understand they will be in tough shape if they don't get the financing completed soon. Apparently they completely equipped the new facility in Prescott before the financing was complete. This has left them in a somewhat untenable situation in the short term.
If I were not confident that they will resolve the financing in the very near future, I wouldn't be buying. I'd be tax loss selling.
Regaeds, Ed
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