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

To: Ie Coan Bie who wrote (1322)	2/20/1998 9:42:00 PM
From: routzm	Respond to of 14347

Excellent post.........Thanks.........

To: Ie Coan Bie who wrote (1322)	2/20/1998 9:57:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 14347

Rentech's Presentation Outline for the Conference: March 5, 1998 9.00 Chairman's opening remarks ECONOMIC PROSPECTS 9.15 Case Study : Design and Cost Impact of Rentech's GTL Plant in India * Project definition and history * Process description and end products * Project economics * Economic impact locally and in-country The subject project is the conversion to liquids of associated gas currently being flared in north-east India by the utilisation of Rentech's patented and proprietary Gas-to-Liquids technology. Dennis L. Yakobson, President and CEO Rentech, Inc., USA

To: Ie Coan Bie who wrote (1322)	2/21/1998 11:57:00 AM
From: John Hanzl	Read Replies (1) \| Respond to of 14347

le Coan Bie - Damn, you stole my thunder! <g> My prediction is for March 4th - the date of the GTL Convention in Singapore I am another happy TAVAer who is very interested in investing in this company. However, I do have a few items I would like clarified first: From the Form 10-KSB/A... " At present the Company has fifteen full-time employees, eight of whom are employed by Okon" So seven people comprise Rentech, Inc. " The Company had no expenses for research and development during the twelve-month period ended September 30, 1997, and none during the 9-month fiscal period ended September 30, 1996." No R&D since before the end of 1995? " The Company has a working capital deficit of $675,630 and has incurred losses since its inception that raise substantial doubt about its ability to continue as a going concern" further... " The decrease in working capital is primarily due to the addition of $1,250,500 in debt that comes due within one year, partially offset by the working capital of Okon." Ok, now with that said, this is my take... The primaries in this company all have solid technical / business backgrounds that I respect. They have refined a Gas-To-Liquids process developed in the 1930s (Fischer-Tropsch conversion) to enable greater efficiency and ecologically friendly catalysts (iron), which enables them to patent many portions of their process. They are going up against some industry giants with much deeper pockets and tremendous R&D power, such as Shell, Exxon, and South African Synthetic Oil, Ltd. They have no current licenses for their technology, though they did have a small one with Donyi-Polo Petrochemicals of India, and one that fell through for the Henan Plant in China. However, about a year ago they entered into discussions with Texaco and a resolution is hoped for soon. (Once again, I say March 4th ;-) ) To keep the doors open while license deals are worked on they acquired a manufacturer of water based stains, sealers and such, Okon. While Okon kept working capital flowing, Rentech is still operating at a net loss. To further strengthen the bottom line, as well as to introduce new marketing strategies for their GTL process, Rentech entered into a partnership with Advanced Technologies. Among other things, they hope to utilize the hydrogen produced by the GTL process in fuel cell technologies which could further enhance the benefits of the GTL process to refineries. Rentech has yet to realize any revenue from this partnership, but expects to do so in 1998. I have read on this thread that the company has assured the posters that even if the Texaco deal falls through then there are other licenses on the table. However, I am worried about the dire cash flow problem, as well as the lack of funds for R&D to further enhance the process. I believe that the company is attempting to develop cash through the sale of restricted shares in a variety of (to me) confusing methods. I see this as a very temporary stop-gap measure and am concerned about what the loss of the Texaco deal could mean... Once again - I am very interested in this company and would appreciate any thoughts and comments. regards, JohnnyH