US Plastic Lumber Corp (USPL) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : US Plastic Lumber Corp (USPL)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Leslie S. Feinberg who wrote (45)	1/28/1998 9:15:00 PM
From: Roberts	Read Replies (1) of 164

Understand the risks of investing in ECPL. I was one of the original investors in the company via a bridge loan in 1994. This is well before they did their backdoor IPO (i.e., merged into a public empty shell with no assets). While their growth has been impressive, much of it has been achieved through acquisitions with their "paper". I recommend people really study the S-3 they filed way back when. They are still dealing with comments from the SEC. There are a lot more shares outstanding then people realize. Take a look at the earn-out due to the original investors (there is some pretty heavy dilution coming your way) It took the company a while to sell my shares privately... this is when the company was trading at $4.50... the price... $2.65. I get nervous when there is a 50% discount between the private and public price. Next time you talk to the company, try to get a sense of how many shares are currently floating vs. the total number of shares outstanding (including the earn-out.). I'm not saying that this won't turn out to be a great investment. I am saying investigate all of the details before you leap. Happy investing. - Brian

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next