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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (70379)	11/7/2000 8:45:47 PM
From: myturn	Read Replies (1) \| Respond to of 150070

Hey Chris, I anted up to the voting booth and my votes were 50/50. I voted for Nader, the qualified candidate. LOL In the mean time check this out. No one following this story including myself. DYPR gets approval from the courts. This looms large for WEIR. Why? Compare the financials between WEIR and DYPR. No comparison WEIR beats DYPR hands down. DYPR, I see is starting to make a move to the upside. Once WEIR gets approval; we will see a dramatic move to the upside. JUST MY OPINION OF COURSE COUPLED WITH GLEAMINGLY OPTIMISM. LOL You could have picked up DYPR for less than .05 last week. Wednesday November 1, 11:42 am Eastern Time Press Release SOURCE: Drypers Corporation Drypers Corporation Receives Final Approval of DIP Financing and Settlement Plan With P&G HOUSTON, Nov. 1 /PRNewswire/ -- Drypers Corporation (OTC Bulletin Board: DYPR - news) today announced that it has received final approval from the Bankruptcy Court for its debtor-in-possession (DIP) financing. As previously announced, the DIP agreement calls for Fleet Capital Corporation to provide a $25.0 million credit facility to fund the Company's ongoing operating needs under Chapter 11 of the United States Bankruptcy Code. Additionally, the Bankruptcy Court gave final approval to the payment plan between the Company and The Procter & Gamble Company which resolves the outstanding disputes and litigation between the companies. ``We are pleased that the Court gave final approval to our post-petition financing and the payment plan with P&G,'' said Walter V. Klemp, chairman and chief executive officer of Drypers Corporation. ``This brings added clarity to our operations in and out of bankruptcy and allows us to focus even more intensely on customer service. Support from our customers and vendors has been tremendous. Demand for our product is ahead of expectations right now and our people are working hard to fill orders and rebuild inventory levels.'' Drypers also announced that Terry A. Tognietti, Co-Founder and former President of North American Operations, has stepped down from its board of directors. Mr. Klemp said, ``We greatly appreciate all that Terry has done for the Company.'' About Drypers Corporation Drypers Corporation manufactures and markets premium quality disposable diapers, training pants and pre-moistened wipes under the Drypers(TM) brand and is a major provider of private label disposable baby diapers and training pants. Drypers Corporation is committed to the development of value brands and to building lasting global brand equity through product innovation and differentiation in a vital category. Headquartered in Houston, Texas, the Company operates in North America, Latin America, Southeast Asia, and other international markets. Forward-Looking Statements: This news release contains, and any oral statements made by the Company concerning this release may contain, forward- looking statements that involve assumptions and uncertainties. The Company's actual results could differ materially. Some of the most significant factors that could cause or contribute to such differences include, but are not limited to, successful resolution of claims and other matters in the Company's bankruptcy, capacity allocation and utilization, timing of new distribution, successful turnaround of certain international operations, ability to expand US growth, leverage and debt service, covenant limitations, competitive industry, price changes by competitors, international operations and the effect of recessionary economies, currency fluctuations, currency devaluations, currency restrictions, intellectual property risks, the P&G lawsuits, dependence on key products and acceptance of product innovations, cost of certain raw materials, and technological changes. SOURCE: Drypers Corporation DISCLAIMER: THIS IS NO BUY OR SELL ON WEIR. IT IS JUST A CONFIRMATION ON MY PART THAT I BELIEVE IF DYPR GETS APPROVAL FROM THE COURTS, THEN THERE IS NO DOUBT IN MY MIND WEIR WILL GET APPROVAL ALSO. CHEERS RG