I guess I am a geek for posting on Thanksgiving, but I have some exciting news for RNTK holders. As of 9/30/97 Bankers Trust Company owns 245,000 shares of RNTK, or 1% of the shares outstanding. The portfolio is called Bankers Trust New York Corporation. You can confirm this for yourself by calling them or a broker. Interestingly, the same portfolio bought SLH Corporation, I think around 150,000 shares, but I do not recall that exact figure.
In my view this "legitamizes" RNTK as a "real" investment vehicle for some major institutional holders. Moreover, I believe that we will perhaps see more filings of institutional holders over the next few weeks ended 9/30/97. If not 9/30, then perhaps 12/31. Just speculation on my part.
However, also keep in mind that Bankers Trust probably scooped up the shares at $0.50 or less (before 9/30). Also keep in mind that there are much smarter and larger players out there (the institutions) who probably already know all the other institutions that own RNTK. This probably means that the current price of RNTK has "built-in" this knowledge into the stock price. Also keep in mind that RNTK is but one of literally hundreds of stocks that makes up this portfolio. The key word here is diversification.
In my opinion RNTK will eventually prove itself. Over what time frame I don't know. Of course a JV deal is an important step in that direction.
LesX, as for your brokers information I would take it with a grain of salt. I never trust anything a broker has to tell me unless he is reading verbatim from an analyst's report. Brokers are terrible rumor mongers. Personally I would not be surprised if it takes another six months or longer. The danger of posting such rumors is that the stock could rise on false hopes and then tank if it does not pass, causing unecessary negative investor sentiment.
I am very excited by RNTK now because of Bankers Trust investment. I am inexperienced so perhaps this excitement on my part is unfounded. I bought a large number of shares yesterday (for me, probably not for others here). I am not predicting any stock price movement over the next several weeks. For all I know it can go down to $0.00, $0.50 or $1.50 over the short term. However, I am confident that over the long run RNTK will prove itself.
I have made mistakes before. Confirm all this for yourself. Make your own investment case. Don't listen to me. I just wanted to share my excitement.
Off to see the relatives..
|Schopenhauer |
