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Gold/Mining/Energy : Gasification Technologies -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (516)8/12/2006 1:42:14 PM
From: junkets  Read Replies (1) | Respond to of 1740
 
The American Clean Coal Fuels' ceo is this guy Stephen who use to post on the Rentech board. He once stated that the Rentech subs were worth $4 a share (350-400 million marketcap at the time). RTK sold the paint company for a million of so, and gave away another sub, REN. RTK kept the mudlogging company because it generates their only income... I think about $600,000 a year.

He states that he ran a hedge fund, yet I have never seen any mention of how much money he controlled, or any record of performance.

American Clean Coal Fuels and Rentech may make it, but the leaders of these companies have no prior experience in the energy business, or prior record of accomplishments. The Rentech CEO ran a collision business that went bankrupt.



To: Dennis Roth who wrote (516)8/12/2006 5:52:10 PM
From: upanddown  Read Replies (1) | Respond to of 1740
 
Dennis

Sounds like promoters hooking up with promoters to do some promoting.

This line from the release about sums up RTK....
"We're going to be using technology by a company called Rentech up in Denver. They've basically taken the original technology and they've been doing research and development on it for probably going on 22-23 years now".

I think CTL is a wonderfully promising technology but when are we going to get some serious players with deep pockets involved? So far it has been mostly "all talk, no action" types.

John