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Gold/Mining/Energy : US Plastic Lumber Corp (USPL) -- Ignore unavailable to you. Want to Upgrade?

To: JB who wrote (147)	11/2/1999 4:52:00 PM
From: Keiko	Respond to of 164

Scared ? hehehe....yes we are up there in Nose Bleed territory huh as we bounced off 16 bucks. Both Plastic Lumber and Trex Lumber (TWP) had very good days today and Trex reported outstanding numbers today. Do you think the Investment community might be noticing the long term growth of this industry now ? Evidently the " Muck" business is moving along nicely with that last $ 48 million contract Truly a Win/Win situation using the gloop to entomb toxic strip mines. usplasticlumber.com Look for earnings out next week ?

To: JB who wrote (147)	11/9/1999 6:25:00 PM
From: Keiko	Respond to of 164

biz.yahoo.com michaelholigan.com Building a deck with Trex Plastic Lumber

To: JB who wrote (147)	11/16/1999 11:05:00 AM
From: JB	Read Replies (1) \| Respond to of 164

It looks worse then I thought!! I have a copy of "Short Alert" (704) 543 4880 They say this about USPL 1) Pl is poor subsitute for wood. Sags and retains heat, HD has picked up the product to make them look environmentally friendly. 2)The cost is two-and-one-half times a comparable structure made from wood 3)Market is extremely competitive with plastic/wood product a better product. Capacity is expanding rapidly. There is also imminent threat of low-price imports from Mexico. 4)Company trades at 55.6 estimated 1999 EPS and 17.2X tangible book value. After company sells its environmental unit multiple will be 16X trailing sales and 237X trailing earnings. 5)Company is cash flow negative. 6)Huge dilution from 11.9 million deep in the money options and warrants. 38% of shares outstanding. 7) Huge insider selling, including the complete liquidation of Chairman of the Board's position for $19 million. If these statements are true it looks bad for USPL. I think that in the money options and warrants are already in the diluted share count, any accounting experts out there who could comment on this? If PL is all USPL had I would be concerned with number #3, they also sell a composite. Any thoughts?