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: BAXTERBOO who wrote (1619)	3/5/1998 11:33:00 AM
From: pressboxjr	Read Replies (1) of 14347

This from Yahoo. Part 1 Subj: Wrong S-3 on Yahoo By: dblumoney Date: Mar 5 1998 7:00 A.M PST Reply To: Msg. 715 by rmueller The recent S-3 mentioned on Yahoo is not the most recent one. The one here is the one that restricted the preferreds, the more recent one, mentioned on SI, is for the sale of 18 million shares of stock by a whole slew of shareholders. Some over there say that this was planned as a secondary since last November. Huh? It includes shares from the preferreds, which weren't even issued last November. I'm confused. The negative spin is that the rats are filing in to sell so that they can get off the sinking ship. But how can they hope to sell 18 million shares without the stock dropping like a rock? The last 16 million would be worthless. The only way the rats could leave is if a few hundred thousand were to be sold by a select few and the others are just a smoke screen. But I just can't see it. Maybe we are going to get ready for a secondary offering. Or..... The positive spin is that the new HR guy arrived on the scene and nailed down the last points to the TX deal. I suspect this is more likely, and I suspect that part of that deal is for TX to take a large stake in Rentech (like 18 million shares). Thus it is necessary to get those shares from somewhere. In particular, TX would not want the messy convertible notes or preferreds to hang around. So they are going to buy them up. In order to sell the shares to TX, Rentech has to file an S-3 to do so. This is my most likely scenario. Those shares will be safely tucked away in the TX vault fro all time. Thus we get the deal and we get fewer Rentech shares in the float! The best of all worlds!!!!!! Any other ideas?

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