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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: John S. Baker who wrote (7075)8/13/1998 8:49:00 AM
From: Lawrence Burg  Read Replies (1) of 14347
 
Thought I had said "yes" last night, musta been dreaming. I think that's a "no", as the share quantities are fixed. A real floorless would have the draw in a fixed dollar amount. That way $1M of stock buys more and more shares as the price drops, creating an incentive to short. Not the case here.

Also, It's been shown here often that the short position is insignificant. It should be, only an ignoramous would be unaware of the explosive upside on RNTK.

I'll register my vote that it's a bullish move. Holders are giving up their 9% to buy the common cheap.
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