I would be very interested in where you are getting your information.
As for book value, that is from unaudited financial reports, I would prefer to wait for audited financail before I conclude that the company is selling for less than book value.
Setting up a 401K program does not mean that RECY stock is the only funded security the 401K plan will hold. Further, usually a 401K plan has a custodian that offers many investments and they are usually mutual funds.
The only retirement plan that I know of that allows employees to purchase shares of the company from the company is an ESOP and RECY has not done that and I doubt that they would.
However, I am happy that RECY has consolidated all of it's payroll and payables, I hope they have also consolidated their receivables, sales, cost of sales and inventory valuations. In any case if their accounting system is so great, how come they can't get timely financial reports issued.
Also, I would like to know why it has been over a year since they had a shareholders meeting and why we haven't had any annoucements from the company since Aug.
Sorry, but in my mind, this company has a lot to prove, I don't buy into hype so I ask again, so that we may all learn where do you get your information.
My information comes from due diligence and previous announce information from the company and factual information like looking at when the quarterly reports are issued in relation to the quarter end date. |
