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: Zeev Hed who wrote (1248)	2/19/1998 11:25:00 AM
From: Little Joe	Read Replies (1) of 14347

Zeev and all on this thread: This sounds remarkably like the situation in another stock that I am following CASMYN Symbol CMYN. What happened there was that a combination of events and I suspect shorting by the preferred shareholders drove the price down and the preferred shareholders were able to convert to common stock resulting in incredible dilution of the company the company which at one point had over $1.00 in cash per share and a very viable mining project has traded as low as .10 and is now trading at about .50 per share. It was a real learning experience for me and if RNTK has a similar arrangement, I would strongly suggest that anyone who has a large position in RNTK look closely at the posts for the last month on the Casmyn thread. I don't know the date or note number but there is a copy of an article which appeared in Barrons which explained what happened quite well and if you can find it will be very instructive. Live long and prosper, Little joe

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