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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy)
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To: M. Merriam who wrote (735)4/24/1999 12:37:00 PM
From: Saverio  Read Replies (1) of 1208
 
Next payment due is on June 19, if I am not mistaken. I don't think they should have any problem paying it, in view of the recent Arizona Dept $500,000US loan. While admittedly cash flow is tight, they are not likely to run into trouble unless the bank pulls the plug on them (bank indebtedness in the order of $ 2 million). I don't see that happening, as business seems otherwise to do well, to expand, and to generate positive earnings.
Cheers.
Saverio
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