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

To: Starfish* who wrote (7063)	8/12/1998 4:19:00 PM
From: TokyoMex	Read Replies (2) \| Respond to of 14347

CEO out of town ,, till Thursday ..

To: Starfish* who wrote (7063)	8/12/1998 6:21:00 PM
From: John S. Baker	Read Replies (1) \| Respond to of 14347

The Series A Preferred Stock pays a dividend of 9% per year and is convertible over 18 months into common stock at the lesser of the average closing bid price of the common stock for the five trading days preceding the sale of the preferred shares, or at 82.5% of the average closing bid for the five trading days preceding the conversion of the Series A Preferred Stock into common stock. Sounds sort of like a floorless convertible, doesn't it? JSb.