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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy) -- Ignore unavailable to you. Want to Upgrade?

To: Nathan Hansen who wrote (1023)	9/13/1999 11:23:00 PM
From: Tupulak	Read Replies (1) \| Respond to of 1208

I was just reading the latest press release dated Sept. 9/99 and something else caught my eye. "The Company advises its Head Office is operating on a part-time basis with the switchboard being forwarded to the Prescott location. Full time operations are expected to resume in the near future. Canadian clients are being serviced out of Prescott at 1-800-230-6061 until the Canadian office is fully staffed again." I wasn't aware that the Canadian office was under staffed. I stopped by again today and it was again locked up. Last week when I talked to Prescott they thought that it would be open Monday. So is it closed for good or did they just clear everyone out and are going to start again with new people???? Curtis

To: Nathan Hansen who wrote (1023)	9/14/1999 2:24:00 PM
From: John Gorham	Read Replies (2) \| Respond to of 1208

Talking of disclosure (or rather the lack of it), I am wondering who the auditors are. Before the AGM in 1998 the company said it was proposing a change in auditors from Dick Cook Schulli to Deloitte Touche, subject to shareholder approval. I was surprised on downloading the 1999 fiscal report from SEDAR to find the name "DICK COOK SCHULLI" printed at the foot of the auditors' report. I assumed that the proposal for a change last year did not receive approval. However, today I received a copy of the report in the mail. There is the auditors' statement, but no name at the foot. I have not seen an actual signature--not even a facsimile. So I am wondering, who are the auditors? Dick Cook Schulli or Deloitte Touche? And, as a matter of interest, do the shareholders have the right to ask questions of the auditors? Two questions I have are "What is the nature of the 'impairments' shown on the revenue statement, amounting to almost two million dollars?" and "What are the circumstances that prompted a sudden write off of these amounts in the fourth quarter?" I have not seen the word 'impairments' used in this context before. I assume it does not refer to normal depreciation, but possibly to some violent event. These impairments are clearly of more consequence than a $40,000 credit card account. John