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: Andrew H who wrote (7129)	8/13/1998 10:15:00 AM
From: SnowShredder	Read Replies (2) \| Respond to of 14347

Is there a premium that preferred stock holders need to pay in order to convert or is it free? I would think that if there is no premium...holding on to it would be better...unless they wanted to unload some. Thanks. Best of Luck, Where'd He Go?

To: Andrew H who wrote (7129)	8/13/1998 10:36:00 AM
From: eric deaver	Read Replies (1) \| Respond to of 14347

Let's follow your conjecture with another - Do you think the fact that the volume has dropped off (at least temporarily) right after the 10-Q was filed has anything to do with these conversions? It is almost as if someone wanted to get all his selling done before it became public that he/she had converted. I don't know what this may mean - just an observation. Eric

To: Andrew H who wrote (7129)	8/13/1998 8:08:00 PM
From: LAWRENCE C.	Read Replies (1) \| Respond to of 14347

1. The notes were also paid off with stock. 2. Some services were paid for with stock. 3. Add to that the slide in price. 4. The converters would want to be able to convert for as many shares as they could at a price close to a bid of $1. But they would not want the price to fall below $1 since their newly acquired shares would drop in value if RNTK were delisted. 5. IMHO some preferred holders sold shares either short or long so they could convert the preferred shares at as close to the maximum number of shares as they felt they could get. That they are converting says they don't expect the stock to go significantly lower. Also some converters of the preferred probably did sell in the runup of up to 50%. Lucky Lawrence