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To: JoeinIowa who wrote (1439)5/11/1998 1:37:00 PM
From: James Strauss  Read Replies (3) | Respond to of 13094
 
RENT... Getting Evicted?

Joe:

Rent has support at 6 5/8 and 5 3/4... You're looking for it to bounce off one of these two price areas... The MoneyFlow is positive, and the chart is generally positive...

This snipit from a press release show RENT forgiving over 1 million in debt... This could explain the recent price drop...
~~~~~~~~~~~~~~~~~~~~~~''
In connection with the previously reported $1,500,000 partially convertible debt
financing of BlowOut provided by Culture Convenience Club Co., Ltd. (''CCC''), a
24.9 percent stockholder of the Company, Rentrak Corporation (Nasdaq: RENT -
news), the former parent Company of BlowOut, agreed to forgive notes payable
by BlowOut as the Company reduces Rentrak's exposure on the Company's lines
of credit. In the first quarter of 1998, the Company recorded a gain of
$1,133,365 from this debt forgiveness.

Jim