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

To: bill still who wrote (456)	7/7/1998 5:37:00 PM
From: Edward W. Richmond	Respond to of 1208

Bill, I tried to purchase some of the private placement units which would have given me one share at $1.60 and a warrant to purchase another share at $2.00 within one year. It appears that Wood Gundy stopped the small private placement and scooped it up for their clients. My good fortune as I bought in at an average of $1.57. In my opinion, Wood Gundy had to see considerable upside potential in promoting this issue. In my opinion, it would be folly for them to promote a stock just to get the commission. Got to run as the World Cup is going to shootout. More later. Regards, Ed

To: bill still who wrote (456)	7/7/1998 6:29:00 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 1208

Bill, I am back and disappointed. Brazil knocked out Holland in the shootout. I did a considerable amount of due diligence before I purchased Redux, now TCT. Sales are growing and the company is making a profit. Q4 and the annual report will give the whole story. However, I don't see that the fundamentals that were in place when I purchased TCT have changed. Therefore, I'm happily holding my position, regardless of the stock price disappointments over the shorter term. I think the plant in Prescott is probably a brilliant strategic move. The cost of labour, construction, taxes, licence fees etc. make Arizona a very business friendly place to be. Also, it is located in the USA which could be positive for sales south of the border. No shipping across the line problems etc. I am reasonably happy with the business decisions of the company and I do expect the stock price to reflect the real value of the company. Regards, Ed