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

To: Starduster who wrote (5421)	6/16/1998 12:48:00 AM
From: SC Anderson	Read Replies (2) \| Respond to of 14347

To all longs...I was told today (now yesterday) by IR that RNTK is exploring acquisition possibilities of at least 2 companies, both of which are said to be more profitable than the company's Okon subsidiary. Revenues via Okon of $393,182 and $795,349 were recognized during the three months and six months ended March 31, 1998. For the three and six months ended March 31, 1998 RNTK recorded losses of $529,019 and $1,040,067. IMO, if they land a couple of profitable acquisitions with numbers better than Okon and hold the line on expenses, they should be in a position to be in the black in the foreseeable future. It may not seem like it at times, but things are looking up. No change with TX and they're still talking with about a half dozen other smaller oils. The feeling is that once the TX deal is done the others will jump on the band wagon, probably rather quickly. Good luck all. Steve