Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (1272)	2/19/1998 10:09:00 PM
From: TokyoMex	Read Replies (1) \| Respond to of 14347

Relax Zeeve,, either do more DD,, talk to the management and ask your self why all these MMs are buying RNTK ,, or if you have an agenda ,, state it,,, like Les X ,, at least.. he wants this cheap or he is short,, probably he represents the 100,000 puny shares that shows up as a short as of Jan 15, 98 ... Make your case man ! ... dont keep dribbling about the prefereds,, why the hell you think its trading at 1 and a change ?? I like intellegent people Zeev,, I hate dribblers for the sake of dribbling .....

To: Zeev Hed who wrote (1272)	2/19/1998 11:06:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 14347

Zeev, you are, of course, entitled to your opinion and your interpretation. Regarding the Series A, yes there is no floor. Meanwhile the 2 million dollars in question has a value of about 1.45 million shares at current prices. Of course you are free to concoct a horror scenario in which the shares will go to 1/8 and we will be looking at 11 times that number. However, the company does have a signed agreement with the preferred holders not to short the stock. If you choose to dispute this further, please call the company and do some research first so you know what you are talking about. As far as the Series B, technically there is no floor, but effectively there is. Since you have carefully read the passage below, you know that the company has no obligation to sell any of these shares if the common shares do not average $1 in price over the 10 days prior to the sale. Sure the company still could sell the shares, but those of us who have some familiarity with managemnt understand they will not. One of the reasons is that they have no desire to dilute their own future wealth since they are substantial shareholders. Finally, it is well understood by those familiar with the company that there are risks involved here. If the company already had a few deals, they would have a market capitalization similar to SLHO and be selling for $15-20/share rather than a buck thirty-eight. Meanwhile, I wish you the best with your light therapies. A thousand points! >> The Company does not have to sell any of the 800,000 shares of Series 1998-B Preferred Stock to the purchasers if certain conditions occur, primarily related to volume and the price of the common stock in the market. The Company has no obligation to sell any of the 800,000 shares of Series 1998-B Preferred Stock if the average daily share price for the common stock for the 10 trading days prior to the sale is less than $1.00 per share. <<