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 (5068)	5/28/1998 2:03:00 PM
From: Lord Smooth	Read Replies (2) of 14347

Well, I figured out a good reason for the price decline. Share count is now at around 35 million versus 30 million in March, and most likely the brokerage firm that converted RNTK's long term convertible debt into $0.33 per warrant sold a lot at RNTK's 52-week high in April. Plus there was a large short position taken in April. The higher share count was expected, but I thought it would be a little bit later. So we were all diluted by about 16% rather quickly, and combined selling from small 2000 share holders and from the brokerage firm. We should have foreseen this. Lazy DD. Well, whatever, still holding because the big picture is warm and fuzzy. Schopenhauer

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