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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: Gerald L. Kerr who wrote (11065)10/20/1998 11:14:00 PM
From: Bradpalm1  Read Replies (1) of 14347
 
Thanks, Gerry. I'd always presumed that trying to apply TA to stocks at this price range was sort of like attempting to read one's future in tea leaves. I hope that there is some significance to this 'discordance' between the BOP and MoneyStream and the stock's recent price drift. We could use a price surge about now.

I sort of feel like we've just all gone through a near-death experience with the 11th-hour announcement of the TX deal as RNTK's stock price was spiraling below $0.50. It doesn't get much closer than that and NOW we're faced with the remote prospects of a RS and/or delisting as the stock languishes once again below $1. In truth, I've never been happier about the long-term prospects of the company as has been so elegantly outlined by several posters on Raging Bull. It's the near-term that I'm having a problem with.

The lack of real communication from the company since the TX deal has made it difficult for us shareholders to understand how they intend to get from point B to C in the grand scheme of things. If it weren't for some negative hype and unfortunate timing we would be looking at a $3-4 stock right now and poised to be picked up on the radar screens of analysts and money managers seeking fresh new opportunities for their portfolios. Instead we're foundering in a sea of wild speculation and recrimination.

If RNTK is unwilling or unable to reveal any further details concerning the TX deal at this time, what will it take to move the stock from the Reverse Split Zone to safer waters? An announced acquisition? Positive earnings? Leaked details hinting of planned projects and revenue projections? Can this stock survive at this level waiting for news until next Feb. 15th without resorting to the dreaded RS?

I've already purchased all the shares below $1 that I wish to purchase and hope to brag to my grandkids in the future that I bought RNTK when it was under a buck but enough is enough. I'm ready to transition from a speculative company to a promising company now. Any ideas on what it'll take from this point forward?

Bradpalm1
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