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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 (648)	2/18/1999 8:22:00 PM
From: Tupulak	Read Replies (1) \| Respond to of 1208

Mike, They way I see it is a stock is priced on what you know (good news is higher than bad news) and what the investing sheep think is hot right now. TCT is trading around 8 times earnings which is low where EBAY is 35000 times earnings (or some stupid number like that). The only difference is EBAY is the hot stock right now until some one comes out with a better site. I would rather have TCT if only because they won't be as easily replaced (it takes more capital investment, knowledge, ect.). Everyone is different but I will not put my money in ANY internet play as they will be good until someone comes out with a better site. It may never happen but chances are good that it will. What I am saying is some stocks are undervalued like TCT and others are over valued like EBAY. Just my opinion. Curtis

To: mike wood who wrote (648)	2/18/1999 9:58:00 PM
From: Edward W. Richmond	Respond to of 1208

Mike, I am beginning to come a little toward your point of view about the financing. In investigating the options for TCT, it does appear that the sale and then leasing the building back is definitely viable. This would take considerable pressure off the company's financial situation. The question is what would be the appraised value of the building, excluding equipment, and would it be enough to get us totally back on a solid financial footing. Hopefully, management has learned some valuable lessons about MANAGING a company. Regards, Ed