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

To: Saverio who wrote (567)	12/22/1998 2:59:00 PM
From: Edward W. Richmond	Read Replies (1) \| Respond to of 1208

Saverio, I understand that the new facility was fully equipped in anticipation of the financing. Financing has been a little more difficult to raise than had been anticipated and the amount of the bond issue was reduced. The bond issue has not yet been floated. I understand that at least some of the proceed from the issue will go to pay for the equipment already in place. My concern is the complications if the issue were delayed or, due to time pressure, the yield on the issue were raised to expedite placement and meet our accounts payable. Even if my concerns become fact, I do not see this as a disaster for TCT, but it would take a bit of the edge off investor sentiment, I think. Regards, ed