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DiGiovanna did not have any education or experience in
engineering, plastics materials, or plastics recycling.
The only independent person having any connection with the
plastics industry with whom Becker spoke was Canno. A client of
Becker Co., Canno was a part owner and the production manager of
Equitable Bag Co., a manufacturer of paper and plastic bags.
Becker spoke to Canno about the recyclers and PI, but did not
hire or pay him for any advice. Canno did not visit PI's plant
in Hyannis, see or test a Sentinel EPE recycler, or see or test
any of the output from a Sentinel EPE recycler or the recycled
resin pellets after they were further processed by PI. According
to Becker, Canno endorsed the Plastics Recycling transactions
after reviewing the offering materials. Asked at trial if Canno
had done any type of comparables analysis, Becker replied, "I
don't know what Mr. Canno did."
Becker visited the PI plant in Hyannis, toured the facility,
viewed a Sentinel EPE recycler in operation, and saw products
that were produced from recycled plastic. During his visit he
was told that the recycler was unique and that it was the only
machine of its type. In fact, the Sentinel EPE recycler was not
unique; instead, several machines capable of densifying low
density materials were already on the market. Other plastics
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