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


To: Leslie S. Feinberg who wrote (82)5/21/1998 11:32:00 AM
From: Roberts  Respond to of 164
 
Do you homework...read the 10-Q carefully.

Shares outstanding currently: 15,892,011
Plus the shares reserved for issuance:

At March 31, 1998, common stock was reserved for the following:

USPLC and CEI contingently issuable shares 4,573,686
Exercise of Series A and Series B Warrants 1,830,852
Conversion of Preferred Stock 1,537,102
Nonemployee stock options 575,790
Employee stock options 1,500,000
Shares and options contingently issuable under
earnout provisions 244,500
-----------
10,261,930
===========

So you get 26,153,941 shares outstanding. You can use the warrant and option proceeds to pay off the debt of the company.

26.2MM shares x $5 stock price = $131.8 million dollars

Look at the 10-Q. This company has $7.6 million of
net property plant and equipment. This is no internet company.
This is a manufacturing company.

Some may say, the PP&E isn't important because the company has
so much intellectual property that the company can use its
PP&E more efficiently. Let's see... cost of goods sold as a % of
sales = 79%!!! So the $7.7 million of sales translates into only
$1.6 million of gross profit. By the time you subtract the
operating expenses this company makes a $15,000 of profit (this is
before interest expense), otherwise they lose money.

I received a fax from the general counsel of the company telling me
that I was trying to smear the company. I'm just commenting on
the results in the 10-Q filed with the SEC. I would welcome the
company to make a rebuttal.

Brian Roberts, a former investor




To: Leslie S. Feinberg who wrote (82)5/29/1998 4:41:00 PM
From: Keiko  Read Replies (1) | Respond to of 164
 
Leslie,

Do your homework, read the 10-Q carefully and if the stock ever drops into the $ 4.00 range mortgage the farm.
Remenber what Dustin Hoffman was told in " The Graduate "

Hi Les !

Just returned from a long trip to the Holy Land and my annual pilgrimage to Trinity Biotech. As always, I enjoy my time in Ireland and the Leprechauns are delightful folks.

We seem to be awaiting some major news on the Plastic thingy and the stock has rebounded very nicely after a small S/H decided to dump his position into the market under $ 5.00 . With the volume we saw today, I presume news is very imminent.

'~~~ keep the faith ~~~'



To: Leslie S. Feinberg who wrote (82)5/29/1998 8:01:00 PM
From: Keiko  Respond to of 164
 
" FedEx Paks "

"This Pak is made of Dupont Tyvek(R) with 25% post-consumer recycled content
( from milk and water jugs )."

FedEx uses only non-toxic inks, varnishes, and adhesives.

If you happen to read the back of the FedEx mail pouch it is quite interesting to find the " Tyvek " lining which gives the pouch some water repellant properties is made from "recycled milk cartons." Dupont is now utilizing the plastic pellets from the Plastic Lumber plant in Waltham, Mass. Dupont Chemical has become very aware of recycled products in their product mix and has developed these Tyvek lined pouches with the cooperation of ECPL.

~~ very interesting ~~~