RECY Looking Good... A Message Board

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Non-Tech : RECY Looking Good... A

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To: James Strauss who wrote (3687)	1/4/1998 6:21:00 PM
From: Tim Oliver	Read Replies (2) of 7006

Can I take popcorn on the rollercoaster ride? RECY filed an SEC 8K in December on their unprecedented financing. We already know the average interest rate between the sub. notes and the credit facility works out to somewhere around 10% currently. Many RECY investors may not be aware that they also sold 1.67 million shares of common stock in connection to with that placement.....at almost exactly $6 a share to "accredited investors." It's reasonable to me that, in order to get $200 million in financing in December, someone must have at least peeked at RECY's books and knows A LOT more than is generally made public. It makes sense that they not only know what happened in the Sept. quarter that caused a negative operating income, but also know what happened in October and November as well. If "accredited investors", after knowing a lot more than I do, buy 1.67 million shares of RECY (this is not just some hype IPO) at $6, I feel that anything under $6 is a bargain. In fact, it's reasonable to expect that these investors with $10 million of $6 RECY stock in December (now January) expect to make "a little bit" of a profit, don't you?

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