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(IRS) and the purchase price paid by F & G to ECI Corp. probably
will be challenged as being in excess of fair market value; (2)
the Partnerships have no prior operating history; (3) the general
partner has no prior experience in marketing recycling or similar
equipment; (4) the limited partners have no control over the
conduct of the Partnerships' business; (5) there is no
established market for the Sentinel EPE recyclers; (6) there are
no assurances that market prices for virgin resin will remain at
their current costs per pound or that the recycled pellets will
be as marketable as virgin pellets; and (7) certain potential
conflicts of interest exist.
C. Stuart Becker, Steven Leicht, and Noel Tucker
Becker does not have an engineering background, and he is
not an expert in plastics materials or plastics recycling. He
received a B.S. degree in accounting from New York University in
1964 and an M.B.A. in taxation from New York University Graduate
School of Business Administration in 1973. Becker passed the
certified public accountancy test in 1967 and was the winner of
the gold medal, awarded for achieving the highest score on the
examination for that year. Since early 1966, Becker has
practiced as an accountant exclusively in the tax area. From
1964 until 1972 he worked for the accounting firm of Touche Ross
& Co., and in 1972 he joined the accounting firm of Richard A.
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