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

To: mike wood who wrote (424)	6/16/1998 12:50:00 PM
From: Saverio	Read Replies (1) \| Respond to of 1208

Wood Gundy sells at any price that satisfies them. Their role has been to finance TCT in exchange for shares and/or debentures which they acquired at a relatively low price in view of their "volume purchase". For TCT, the benefit is that they obtained financing which they are now using to develop the business. As far as Wood Gundy is concerned, they have a pile of paper which they want to market, at a price equal or higher than their purchase price. If they want their money back in a hurry for whatever other purpose they may have, the lower the price, the faster they will get their money back. TCT shareholders are not and should not be of their concerns. In my opinion, there will be another 6 to 12 months before the shares get out of the current range. As a consolation, technical analysts (one of which I am not) will tell you that the longer a stock stays in a horizontal trading channel, the faster and steeper its rise will be once it decides to break out of the channel. Again, this stock is a patience play (as long as fundamentals are not altered). I must say that except for the stock price (and I am patient about it), I consider that this company is up until now evolving to my full satisfaction. Saverio