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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: papazulu who wrote (424)	11/26/1997 12:21:00 PM
From: LesX	Read Replies (1) \| Respond to of 14347

This following comes from one of my brokers who supposedly spoke with Jim Samuals and Mark Koenig this week (caveat emptor): Texaco will be at the Rentech site on December 5 to finalize the contract. This is in preparation for the upcoming conference in Houston. A press realease will follow w/i 2 weeks. Don't know if its BS or not (haven't verified the info, don't have the time) but I did get back in with a small amount under $1. Happy Thanksgiving to all ! May the turkey gods shine brightly on your home.

To: papazulu who wrote (424)	11/27/1997 11:24:00 AM
From: TokyoMex	Respond to of 14347

Happy Thanksgiving say to you too ! I am running back and forth between the ekitchen and pc, guests will start arrving at 1 PM LOL........ Straight answer ??? Hell I wish I knew. All RNTK people will say is that it looks positive,,, I am also surpprised by Les-Xes brokers comment, since it is SEC violation if Mark Koenig indeed told him that. Hmmmmmmmmmmmmm Also knowing how conservative Mark and Dennis is I am very surprised. I will call the company tomorrow. Also people should realise, that RNTK is a company that will not make any profit till end 98 according to the company. Any signaificant revenue from GTL will be many many years away, to substantiate as a revenue growing company. As Bectel Chief Engineer has said at the Bloomberg conference, the GTL plant is a major task that takes several years to accomplish. Good example is SLHO at 50 bucks a share ,the current contract with Exxon is a probing plant at 350 some million dollars to build, will take several years to build and after all that will only pproduce 75 bbl a day. The BP(British Petroleum) model has in existaance 1981 at a cost of some 400 mill and still it only produces 70 bbl per day. Whelese, RNTKs ONGC (Indian national oil co,) plant will start in 18 mos and it has already produced 180 bbl per day. It was disassembled piece by piece then shipped to India. The plant is some 150 ft long 70 ft in certain places. Heavy pieces were may be 30 tons and it took some 500 flat bed trailer to ship the plant to New Orleans to be loaded on a heavy life vessel. I know what is involved, because as a house counsel for a large Korean conglomerate, my job was contract nego and management specialising in turn key plant and ship building sales. Weve done modules for Prudhoe Bay for ARCO and many others, ie Bouri Field, the worlds biggest offshore platform, Chevron Long Beach Jacket, Desalination plants for Yanbu, SA, Desalination for Misurata, Libya, petrochemical plant for Nigeria etc. Some of the pieces are 600 MT each, where we had to hire mostly Dutch (Weisjmuller or Mammoet Shipping)or Japanese ( Hitachi or Sankei) special vessels with 900MT lifts or submersibal barges up to 4000 MT piece that would sink like a sub half way and pick up the piece right off the dock by sliding or in the water. More and more this kind of plant manf will be done and RNTK is no exception. Client will license their tech, will have it built by a ship yard in USA, Japan or Korea and ship ot in pieces and assemble it at the site. The thing going for RNTK is that it has iron based catalyst that is more diversified. World supply of natural gas being wasted represents 25% of the current volume. The current vol will prolong world oil supply by 50 years. I get same story from RNTK as any one else. You either believe in the management or you dont. I am the wrong person to ask. I suggest you call RNTK and get the story your self, for I am not their employee, their PR, nor am I a market maker for them, just a bull. I invested in this co at 1/8th and 1/4 in April as well as many of my friends because I liked the story. I belive as I stated before in valuation of SLHO if and when RNTK gets adeal with Texaco its share price will increase drastically. Indeed have a good Thanksgiving Day. Joe