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

To: James Strauss who wrote (5933)	10/2/1998 4:05:00 PM
From: ed doell	Read Replies (1) \| Respond to of 7006

>>RECY just made a 3 million dollar interest and principal payment... Not something a company that is about to default does... RECY has now consolidated all their payroll and accounts payable procedures... RECY has also more favorably renegotiated some of their Acquisition deals... RECY is now selling at less than 1/2 book value... There is a rumor about a large waste company that's looking for a synergistic Acquisition... Republic comes to mind... RECY has just initiated a 401k program for its employees... To have shares available RECY will be setting aside one million shares for their employees... This plus the remaining 500,000 to 600,000 shares still to be bought back should reduce the number of shares outstanding... Certainly not the actions of a company about to go out of business... I bought more below 1.50...<< **** So then, what's the compelling reason for someone (like you) to buy RECY (since clearly you say you did) rather than wait for the technicals to present an an established uptrend? Another words, what's the reward for taking such a risk as buying into this downtrend? I don't see it, unless the buy is seen as similar to buying a very speculative option. Ed

To: James Strauss who wrote (5933)	10/2/1998 4:25:00 PM
From: Siber	Read Replies (2) \| Respond to of 7006

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.