To: jwk who wrote (1849 ) 3/12/1998 10:07:00 AM From: Lord Smooth Read Replies (3) | Respond to of 14347
This is my humble opinion regarding valuation of TX announcement: Everytime SLHO has announced a licensing deal, it's market cap has increased around $100 million in market value. Given RNTK's 30 million shares outstanding, Perhaps a deal with a major oil/gas company would propel RNKT's stock at least $3 per share upward. So my minumum target price given a licensing agreement is $4.50. I see this as a minimum price increase, however, given that Wall Street already DOES know about RNTK (Bloomberg Conference, growing institutional, market maker interest) and are waiting to strike once the TX deal is announced. The little people like you and me aren't the only ones waiting for RNTK/TX news. The big guys are watching as well. If that is true, then the stock can go up much much higher than that. Somone here brough up GMGC's reaction to a recently announced deal. Though GMGC is a technology company, a situation occured very similar to what we are hoping to happen with RNTK -- a major player made an agreement/stake with a small, financially weak player. I don't think comparison to ENBC is relevant because its technology seems to have much more of a narrow application than RNTK's and does not even have GTL technology. Then again, if RNTK announces that talks have failed, this stock is going lower than its ever been before, though it will probably rebound. Whatever happens, this is going to be a very volatile stock in the next few months. This is a dangerous stock and if you don't have money to lose you should not be in it. That being said, I am very confident a deal with TX or someone else will take place. Good luck people. I am very excited about this company and I am glad we are all having this discussion and sharing ideas. Schopenhauer