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Microcap & Penny Stocks : Rotonics Manufacturing(RMI)

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To: Arthur Tang who wrote (103)8/20/2000 5:04:13 PM
From: Arthur Tang  Read Replies (1) of 112
 
Fundamentally, a plastic container company should have its fortunes riding up and down inverse of crude oil price? Not so, any more!

First Dupont found out that crops altered will become plastic fibers in nature. Then, alcohol is replacing crude oil in gasoline with the same MTBE added as normal. Most of the gasoline is now water added like the fully cooked ham you buy in the supermarket. With crude oil futures selling just over $30/barrel, the government revealed that they did not want to budget $5/barrel crude oil purchase (stock 500,000 barrels for national security reasons) from Mexico. It is because most crude oil producers are asking between $5 to $8/barrel. That sweet crude is water added and inexhaustible, is the way nature makes it. Why stock water, is the way our government thinks and they are smart?

Futures of crude oil is a laugh; because no one has ever delivered any to the contract buyers in the commodity exchanges. So, RMI just coasts along and raw material is not a factor in their cost. Recycling plastic, is a pain in the neck.
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