d paul cohen president telephone 415 454 6985 21 manzanita avenue 1000 fax 455 0295 san rafael ca 94901 e mail cohenresearch com www dpaulco aol this report may not be reproduced page 1 of 72 resin systems inc otc bb rssyf canada tsx v rs buy us 20 c 51 august 5 2005 target price 50 7 10 444 targets for 3 scenarios vs long term growth rate 0 2 4 6 8 12 14 optimistic 9 11 base pes s imis tic 13 15 18 23 based on our case forecast and a canadian to exchange 30 eps estimates 2004 2006 mar 05 00 jun 02 sep 03