Resin Systems (fka RSSYF)

[resin]

analyst report out of new york giving rs close to a $3 canadian target , 2.16 u.s. for rssyf!!!!!!!!!!
http://www.howardgroupinc.com/clients/rsi/research/040427_spelman.pdf

info on analyst:

We are pleased to attach the Independent Investment Research Report by Spelman Research Associates Ltd dated April 27, 2004. The author is a senior research analyst with the firm and is highly regarded within the industry having received numerous awards for excellence. As a young company it is very difficult to obtain exposure to the institutional investment community without unbiased independent research coverage. Since Wall Street can no longer pay for research through investment banking you are probably going to see a significant reduction in companies having analyst coverage. Which leads to the question, “How do you get institutional investors evaluating a young company without any research coverage?”

Resin Systems paid $19,000 to Spelman Research to publish at least 4 quarterly independent research reports over the course of one year. We have absolutely no influence on the content of the report. The analysis is done by Spelman according to accepted valuation principles and the company is not informed of the contents of the report prior to publication.


I am pleased to see they recognize the company’s present merit and future growth potential. We believe we will outperform their projections considerably and as a result the markets will respond accordingly. In summary, it is important to obtain such independent coverage especially in our quest to broaden our corporate exposure in order to become an investment alternative within the Canadian, American and European financial communities. The Board and Management of Resin Systems will continue to work diligently in creating value for the shareholders of this company.


Yours truly

Greg Pendura

President and CEO