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: Charliss who wrote (10208)	10/7/1998 7:54:00 PM
From: Cytotekk	Read Replies (2) of 14347

Charliss - There is some potential action that I am not looking forward to. Here is a Yahoo Message Board post by BearsSake that I found interesting: ********************************************************************** <- Previous Next -> Message 7665 of 7666 Reply re: Delisting BearsSake Oct 7 1998 6:27PM EDT This is my take on the Nasdaq delisting issue: If a company needs $2M in net tangible assets or a market cap of $35M, RNTK would not meet either one of these requirements in order to maintain a Nasdaq listing. RNTK 10-Q filed with SEC on 8-12-98 shows total current assets of $1,305,472. Market cap would be $27.5M at todays closing price with a 40M share float. They don't meet either requirement. Also, if delisting can begin after 10 consecutive days after failing to meet the $1/share price, well, then delisting could begin as early as Monday if RNTK does not return to $1/share within the next two days. Today was the eighth consecutive trading day that RNTK failed to meet the $1/share minimum. I certainly don't expect their share price to return to $1/share within the next two days. To tell you the truth, I don't think a delisting could be avoided even with a reverse split because RNTK does not appear to be meeting the market cap and/or asset requirements. Not a pretty picture. Comments? RNTK: Quote \| Profile \| Research \| Insider This Is a Reply to: Msg 7643 by BearsSake

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