US Plastic Lumber Corp (USPL) Message Board

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

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To: Leslie S. Feinberg who wrote (48)	1/30/1998 12:12:00 AM
From: Roberts	Read Replies (1) of 164

Most of the original investors (plus management) do not have publicly registered shares (i.e., this company does not file 10-K, 10-Q's yet with the SEC. They are currently registering warrants issued in connection with their reverse merger (the backdoor IPO). Once they are declared effective they will begin to file documents with the SEC. Anyway, only the original shares and those shares used in acquisitions (that have survived the lock-up) are currently trading (i.e., thin float). I don't want to sound alarmist about this company. I just want people to be careful to do their due diligence. Figure out the total fully-diluted shares outstanding (including the earn-out shares) and multiply by the current stock price. Now divide that by a reasonable P/E. You pick. Have the revenues even hit that level? - brian

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