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Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (6833)	7/13/1999 2:15:00 PM
From: Mahatmabenfoo	Read Replies (2) \| Respond to of 7006

> the fact that a big chunk of their facilities has been sold and.... suggests that RECY is in the midst of completing their reorg plan... I question that. I don't think a bankrupcty trustee can go around selling off 3/4 of a company unless a plan is in place. But as usual, I am spinning theories in the vacuum created by RECY's silence.... - Charles

To: James Strauss who wrote (6833)	7/15/1999 12:24:00 PM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 7006

I haven't sent this, but there's no reason why you (any of you on this list) can't. The downside is you may do nothing more than cause poor RECY to incur legal costs for some 1st year associate to write back saying "thank you for your inquiry but we have the right to ignore you now, so we will" (the letter is addressed to RECY's lawyer for the bankruptcy). However, I think it will provoke a response. Another possibility is to just call Judge Brook's clerk and ask how you can find out the status of the case -- has a plan been filed? Is the Company still in Chapter 11 or the trustee arranged for it to dissolve? Probably the court papers are all a matter of public record -- including the plan, if any. - Charles ============================================== <your letterhead> RE: DEBTOR: Recycling Industries, Inc. Date of Bankruptcy: 2/26/99 Case: 99-12174 Filing District: Dist. of CO Judge: Sidney B. Brooks Mark K. Thomas Katten, Muchin & Davis Suite 1600 525 West Monroe Chicago, IL 60661 Dear Mr. Thomas, I write with reference to the above bankruptcy, and as a shareholder of the debtor. As you know, when and whether the debtor will emerge from bankruptcy is a material matter of great concern to its shareholders. Unfortunately, after apparently deliberately leaking to the internet information suggesting that the debtor will reorganize and continue as an ongoing concern, the debtor has gone silent. In any event, it has not to my knowledge issued any official public statement about the status of the bankruptcy, and I believe it has a duty to. Accordingly: - if there have been any press releases regarding the bankruptcy, I would appreciate if you could provide a copy of them; - I request the debtor to issue a new press release clarifying the state of the bankruptcy, in part to quiet the rumors that the debtor has itself been partly responsible for. Your best friend, &tc.