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Re: markrhead post# 825

Wednesday, 01/05/2005 10:24:30 AM

Wednesday, January 05, 2005 10:24:30 AM

Post# of 173781
FOR CPTC believers - markrhead

Resin Systems may have a superior resin, but it has had so many production problems that it can't make enough utility poles to currently pay its bills.

Since it has no national distribution deals with for its sports division, nobody is buying its hockey sticks either.

The company currently trades for 85 cents Canadian, but is burning through its cash so fast that it will need another private placement in the next two months. That will probably be done at around 50 cents.

A more likely scenario is bankruptcy, followed by CPTC buying them (or their technology & patents) up for almost nothing.

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