Rentech(RTK) - gas-to-liquids and cleaner fuel Message Board

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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel

RTK 0.200

+5.3%

Oct 13 5:00 PM EST

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To: Lord Smooth who wrote (1238)	2/19/1998 9:30:00 AM
From: Zeev Hed	Read Replies (2) of 14347

Schopenhauer, instead of going through the whole process of explaining the horrors of floorless instruments, go and read the following post: Message 2484375 on the CTYS thread, it was posted in mid October when the stock was 7. Now the stock is 1/2. I have made similar analysis in the case of EXSO in January of 1997 when the stock was 2 to see it decline to 1/8 or so, I gave similar warnings on CAFE and few other situations where floorless instruments were used to enrich a select few on the back of existing stockholders. RNTK sold its financial soul to the new breed of "financial engineers" on the street, they have found new imaginative ways to replace the Reg S shams with various floorless instruments and people see their equity in those stock diluted by factors of 10 or more. I do not know if this will happen here, in some rare cases catastrophe are avoided by management (like AIPN), but the danger is grave. All you need is one misstep or a failure to deliver on a promise by management, and the spiral down cannot be arrested. If you are really interested, read from that post on the dialogue between me and Sankar, and you will see the stubborness with which extremely educated people (and Sankar is a brilliant analyst and a professor of Finance at the University of Chicago) can hold to the hope that "it will not happen here", a white knight will appear, or whatever rationalization they chose. Zeev

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