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

To: M. Merriam who wrote (1147)	12/3/1999 9:19:00 AM
From: mike wood	Respond to of 1208

They are cutting costs to the bone.To me 17000 a month rent is crazy.They can get a building the same size for 3500.Bill has always said he did not need an office you can also play basketball in.It will take them 4 days to move,and they should be manufacturing again in a week. To date,with the closing of Can. operations,330,000 a year,and moving out of current Prescott location we have saved 492,000.If my calculations are correct,we just increased EPS by .35.I do admit that the press release could have been worded a little more positively.

To: M. Merriam who wrote (1147)	12/3/1999 12:18:00 PM
From: Saverio	Read Replies (1) \| Respond to of 1208

1)"The lease agreement, entered into on or about June 24th, 1999, was for a term of 25 years with an escalating monthly lease expense in excess of $17,000 U.S ". I wonder if there are penalties associated with the cancellation of a 25 year lease... 2) Just wonder if these guys made a multi year cash flow forecast before entering a 25 year lease at those rates...Anyway, it's water under the bridge now...! 3) Can anybody give me the exact location and time of the December 9 shareholders meeting? (I don't hold shares anymore, but still have debentures). Thanks. Saverio