Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Howard Williams who wrote (6063)	7/10/1998 8:29:00 AM
From: Micropicker	Read Replies (1) \| Respond to of 14347

Another thought on the 500,000 shares. Maybe it wasn't RNTK that approached ITN/ES about the deal. Perhaps it was ITN/ES (which has better connections to RNTK management than we do) which approached RNTK. ITN/ES may have offered RNTK a chance to get in on the solar technology, otherwise they would go somewhere else. ITN/ES may view RNTK stock as having a great chance for near term appreciation and thus want more of it. Or, RNTK and ITN/ES may have been working on this deal for several months. The dollar value may have been worked out months ago, and it was based on a variable number of shares depending on RNTK's stock price. ITN/ES may have placed a deadline on the deal (June 30th). RNTK may have assumed the TX deal would be done by now, and their stock would have gone up. Since it hasn't, RNTK had to issue more shares than they would have liked. I also see some merit in the slightly negative arguments previously mentioned. I would sleep better knowing if the shares are in any way restricted, so that we don't get half a million dumped into the open market.