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

To: Mahatmabenfoo who wrote (6747)	5/19/1999 3:49:00 PM
From: Jack Ucci	Read Replies (2) \| Respond to of 7006

> Um, downgrading from expectations of its current 1 cent a share, to what? To future backing by analysts or banks, security houses or any entity that could drive the stock price and/or the company higher EVEN WITH A RECOVERY IN THEIR BUSINESS. Bluntly, why would any financial entity in good standing back a management that attempted to make an end run around the sec filing requirements? I don't know that this is going to be the final assessment, but nothing has surfaced during this interim period to provide any other rational explanation. My own guess (and that is all it is) is that recy was promoting itself to the investment community after a dramatic rise above $5 when the logic of its business plan suffered a shocking reverse AND THE COMPANY DID NOT REACT CORRECTLY (this last word could be replaced with a choice of many others) because it did not want to jeopardize its rising star-status with the investment community. Maybe a timely 10-Q would have exposed the problem to shareholders and to the analysts and the game would have been over. This brings to mind the possibility of shareholder legal action when the truth is on the table. Jack