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

To: LAWRENCE C. who wrote (7217)	8/13/1998 9:09:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 14347

Lawrence, I was under the impression that RNTK actually has a "draw down" convertible issue, thus every time they need money they go back the the bandits get the money in the form of more floorless. The bandits surely know the cash situation of RNTK and what the constant dilution of the shares will do to the price, in their place, I would hedge my bet on the spot, and take the money from the short sale (or whatever hedging they manage) and deliver it to the company, that should over time cause some pressure on the stock, I would think. Sure, you are going to get rallies here and there, but the overall direction, IMHO is toward sub $1/share. Zeev