Replies to post #189 on Rubber Technology International (fka RTEK)

[KauaiPI]

Bill~ I saw your post on RB and I contacted Babs directly "begging" for something to save me the efforts of composing a group letter... she complimented you on your good taste in *writers* but indicated they were concerned, and such a letter would not have much bearing (my interpretation of what she emailed me)

...so, I don't think there is any good to come of it.

I also sent to her a Pitch post from RB to make sure she was reading the growing negative sentiment from the posters there and she responded that she passed it directly to TW and Tom and that management thought the SEC filings were adequate and that (again) they (too) were concerned with the faltering share price etc., etc. FWIW

Of course, I, like Babs am sounding like a broken record... I think UncleMike hit it on the head with his post today on RB (declining my offer of a free premium membership) when he said that he felt that management would tell us something when they were darn good and ready... I wonder if before the Q3 is out?

good luck to all,
kp

[timhyma]

billpr- here is a cut/paste for you

By: billpr $$$
Reply To: None Wednesday, 8 Aug 2001 at 5:11 PM EDT
Post # of 23521


OT: To All:
It has become apparent, at least to me, that we are not going to get any info regarding the SANDPIT..This acquisition became final in January 2001 and was projected to add 2.6M to revenue this fiscal year. A short footnote in the last 10Q mentioned that we are in some sort of litigation, but RTI does not expect this to adversely affect the overall business..We on the RB Board control millions of shares of RTI. While we may, as a group, not be the largest bloc, we are definitly significant...Therefore I am asking all of you who are interested, and agree, to sign on to a group e-mail to RTI asking the following questions:
1. Have we begun operations at the Sandpit? If not why not?
2. If the litigation is the problem, what is the status?
3. How much $'s have been spent on the Sandpit to date?
4. How much $'s have been spent on the litigation to date?
5. What is the short term business plan for the Sandpit?
I would further suggest that we ask KP to compose the e-mail,since he is our most gifted writer..If he agrees , we could get it done this weekend.. AND MOST IMPORTANT..if you agree that this is a proper approach you can authorize you RB alias to be signed on by posting your authorization for this action on the board..Pros@Cons are expected,please be gentle..EOM