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


To: chirodoc who wrote (3686)4/11/1998 8:36:00 AM
From: ChrisJP  Read Replies (2) | Respond to of 14347
 
Hey guys, help me out with some logic here.

Recent conversations with Mark indicate the deal is 1 - 2 months away at the latest. Not the best news, but not bad either.

The TX deal will be non-exclusive. I figured this out when I heard about the "road show". If they agreed to be exclusive with TX, there would be no road show. Does this mean no S-3 ? Is this good or bad for RNTK stock price ? I personally would like them to work multiple contracts and therefore earn multiple $ rather than be tied to the strategic plans of 1 company. Strategic plans sometimes have a way of becoming non-strategic.

The "gag order" seems positive. RNTK is too cheap to short and I'm sure there are no puts. That probably means the gag order is intended to prevent insider buying. However, it could just be prudent precautions by both companies. Think if insiders leaked the news of a deal and then the deal fell through or changed or was delayed. Lots of people would get burned.

I'm one of those guys who sold in the 3's and had a buy order which triggered at the close for 2 1/2. Based on the sentiment here and on Yahoo, I don't think 2 1/2 is the bottom. However, I thought I read one of TM's posts which said MMs are waiting to buy at 2 1/2.

Any thoughts ?
Chris