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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 (619)	1/29/1999 12:53:00 PM
From: Far Side	Read Replies (1) \| Respond to of 1208

Hi Mike Looks like someone is really scared of this security, selling a lot at less than $.50. You do know that the $1.1M is classified as short term debt but is really money that can be moved over to stock if the price is right. This now means there are another 2.2M shares outstanding if the options are taken up now. What do you think? Is their a hidden agenda here? Are they taking advantage of the low demand and insecurity in the market. You know, leasing back the plant would certainly solve many of their problems.

To: mike wood who wrote (619)	1/31/1999 9:51:00 PM
From: Edward W. Richmond	Read Replies (2) \| Respond to of 1208

No, Mike, if TCT's price moves up smartly, I won't be left out in the cold. I already have a substantial position in the company. If I were confident of the financing, which I am not, at these prices, I would be a very aggressive buyer in the five accounts for which I have trading authorization. TCT is a great story. They have made, in my opinion, some solid decisions such as building in Prescott. However, getting into the financial mess we now find themselves is pretty scary. They have to get the fat out of the fire SOON. My prediction is that there will be no financing in place by February 8th and the deadline will be extended. Mike, I'm not prepared to sell at this price, but neither am I prepared to underestimate what as I see as a major overhanging problem for this company. Once the financing is closed, I believe we are off to the races. Regards, Ed