- 9 -
reviewing the Hyannis offering memorandum, Greenstein's primary
concern was whether the machines worked. He expressed this
concern to Zuck and was told that a group of investors would be
touring the Hyannis plant and viewing the recyclers. Greenstein
then introduced the Hyannis investment to petitioners Pace and
Berry. Petitioners Pace and Berry were each given a copy of the
Hyannis offering memorandum. Petitioner Pace wanted verification
of the existence of the Sentinel EPE recycler, so Greenstein
decided to visit the manufacturing plant in Hyannis.
On July 19th, 1981, Greenstein visited the Hyannis plant
with Zuck, a handful of other potential investors, and the
general partner of Hyannis, Richard Roberts. Greenstein and the
other visitors were required to sign nondisclosure agreements
before being allowed entry into the plant. Greenstein and the
others viewed five to six Sentinel EPE recyclers in operation at
the plant. The group also had lunch during the visit. Upon his
return from the plant, Greenstein told petitioners Pace and Berry
about the visit and recommended the investment. Greenstein was
never offered, nor did he receive, compensation from CCI.
Greenstein does not have any formal training or work
experience related to plastics recycling or plastics materials;
he is not an engineer. Greenstein is an environmental
enthusiast, but he is not knowledgeable with respect to recycling
or other environmental technology.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011