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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: CoffeePot who wrote (10503)10/9/1998 9:39:00 AM
From: Zeev Hed  Read Replies (3) of 14347
 
Coffee, if you would go back into the ctys thread, you would notice that the reasoning for my bearishness was not just the death spiral effect of a floorless instrument, but the fact that a company needs to resort to such an instrument indicates its financial strength. Any business model needs financial resources to be executed correctly, the presence of a floorless serves as a "warning signal" that such resources might not be available. So far, using this indicator for determining the long term viability of a going enterprise has worked pretty well for me in the last two years, avoiding disaster such as AKSEF, CTYS, TTRIF, CHTL, EXSO, CAFE, AIPN, HEC, GATE to name just a few. RNTK might be the exception that proves the rule.

Zeev
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