Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: M. Merriam who wrote (1194)	2/2/2000 8:08:00 PM
From: farmerBill	Read Replies (1) \| Respond to of 1208

Nathan, if you are out there, and would like to make some money back on TCT, who don't you reorganize, giving shares at 20 cents to the $10 million in debt, this would give us a debt free company with 65-70 million shares o/s. Then deal yourself and some promoters mgmt options on 6.5 million shares, which would be the permissible 10%. Then get some other manufacturer to make Charge Air Coolers and pay TCT a royalty. This would pay your salary and rent while you turned the company into an Internet play. I believe that the 50 million shares issued in return for debt could be freely traded, and for the ones I as one debenture holder would receive, I certainly would be very willing to give an option to a promoter. Most current holders of debt would probably do it too. Could be a great shell.