Substantitive Yahoo RNTK post. BTW Charliss, I would characterize Charles as derisively smirking at us pathetic souls rather than overtly taunting (is this splitting hairs or what?).
Reality check arch_stanton_
(42/M/Boca Raton, FL) Oct 1 199 2:14AM EDT
Well, I am not the suspicious type, but some of this is starting to wave some "red flags", so here's to some facts. I believe it is in order. I have as much frustration in RNTK as the next person, yet the constant recitation of "RNTK is a disaster" is
conveniently supplied at this time. Do your own thinking and investing, just consider what is fact versus, uh, opinion?
1) RNTK revenues are increasing due mostly to its OKON acquisition(92% over same 3 qrtrs. '97), although such increases have slowed. There are no earnings, only losses, roughly 9 cents a share annually. Losses have increased, and the company is spending large amounts on "administrative" and public relation costs.
2) Book value, since bv is directly related to the "booked" value of asets, and since RNTK's few assets that are "booked" are also depreciable, BV is falling. Using BV to value most equities is a flawed approach, for a company in the information or knowledge business, as RNTK undoubtedly is for GTL, is amazingly misguided.
3)Dilution/conversion has been ongoing for over a year in terms of dilution and conversion for several months. Funny the focus on that now.
4)Delisting, hardly. At this point RNTK has had a closing bid of Cancel Changes
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