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

To: Zeev Hed who wrote (1243)	2/19/1998 10:50:00 AM
From: Lord Smooth	Read Replies (2) \| Respond to of 14347

Zeev, I've already read that paragraph many times. The language is unclear. I took it to mean that the 1 share of preferred is converted to 1 share of common. You interpret it as $10 of preferred is convertible to $10 of common. You are probably right, but I am still not entirely convinced one way or the other right now. If you are right, it's definitely a potentially suck-ass deal for common shareholders. In the mean time, I will try to confirm what this means with some one else... S

To: Zeev Hed who wrote (1243)	2/19/1998 10:51:00 AM
From: Terry Jackson	Read Replies (1) \| Respond to of 14347

ZH: for the benefit of me and my fellow ignoramusi, would you please explain "floorless" instruments/equities (whatever). TIA

To: Zeev Hed who wrote (1243)	2/19/1998 11:21:00 AM
From: TokyoMex	Read Replies (2) \| Respond to of 14347

Zeev,, Iwouldnt worry about it,, It was a means to raise capital for RNTK for upcoming acquisition ... This 10 million dollars will be eaten up very fast as soon as the license deal is announced,, RNTK at 1 and change will not be a risk with this over hang,, after all TAVA had 8 million share over hang... Further the price appreciation from 3/8 to 2 1/2 was due to people like Howard Weil buying ,,as an intitial poke... Yes Howard Weil ,, the biggest money investor in oil and gas,, they put up more money for oil industry then Morgan Stanley .. I am sure you had some bad experience with your past stocks,, but I believe we are in a different league here with some of your past picks,, I know you are very good at your DD and have admired your insight,, suggest you talk to the company Zeeve and see why I am so bullish in this company ... You will quickly grasp the reasons.. Joe TAVA / RNTK