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

To: TokyoMex who wrote (1157)	2/17/1998 5:47:00 PM
From: Lord Smooth	Read Replies (1) \| Respond to of 14347

It looks like RNTK got a good deal with the private placement of 200,000 preferred shares for net proceeds of around $1.8 million. Each preferred is convertible for one common stock at a slightly lower price of common stock. It pays 9% interest. Looks like a very good deal for RNTK indeed. Really no dilution, and a great interest rate. I wonder how they managed to pull that off. I was expecting something really ugly like millions of warrants way below market price. So as a common shareholder I am very happy about this. RNTK is working capital positive again. OKON should get better after seasonal slow quarter. Feet of clay are becoming feet of cement. I am looking forward to even stronger feet. Yay.