The 10k...
>>>are we talking about Jacobson and Grossman Bros here? I'm having a hard time understanding how those two aquistitions resulted in a $700K charge. There has to be more thrown-in to account for this. What about the Warrenton GA plant? I didn't see any start-up charges there yet. Depreciation maybe? Any hints from Alex? Also, I just want to make sure I have this right... the filing must be made on or before January 15th now, correct?<<<
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Brad:
I'm not clear on this myself... The 10k mentioned two Acquisitions... So, I would assume that the most recent four Acquisitions are not included...
Here are all six Acquisitions:
ENGLEWOOD, Colo., Dec. 9 /PRNewswire/ -- Recycling Industries, Inc., (Nasdaq: RECY - news), a company engaged in the acquisition and consolidation of metals recycling companies and a major national raw materials supplier to the mini-mill sector of the steel industry, announced today that it has completed the acquisitions of Jacobson Metal Company, letter of intent (LOI) announced September 3, 1997; Grossman Brothers Company and Milwaukee Briquetting Company, LOI announced September 12, 1997; United Metal Recyclers, LOI announced October 9, 1997; Brenner Companies, LOI announced October 13, 1997; William Lans Sons Company, LOI announced November 3, 1997; and Central Metals Company, LOI announced November 4, 1997.
I think we'll have to wait for the 10q... It should be filed no later than Jan 12th... I'll also try to see if RECY will discuss this before the 10q filing...
Jim |
