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

To: Zeev Hed who wrote (7315)	8/15/1998 11:08:00 AM
From: TokyoMex	Read Replies (2) \| Respond to of 14347

Zeev,, we are going in circles again ,, a discussion we've had ,, eeons ago ,, RNTK needs the funds for acquisition, in order to have a cash flow... as for it being a floorless convertible,, if you knew the people who were involved in owning those Ps.. I believe you will change your mind,if you wish I will be very happy to put you in contact with some of them ,,, as for comparing RNTK with TTRIF,, reflects also an agenda in your part,, I suggest you either ,, call those people ,, or do not speculate ,, and use one mode of example on another,, you will be proven wrong.. In conclusion ,, RNTK's current earnings looks more promising than I originally thought ,, by 50% ,, Joe

To: Zeev Hed who wrote (7315)	8/15/1998 11:08:00 AM
From: Bradpalm1	Read Replies (2) \| Respond to of 14347

Boy, what a relief! We're only conditionally screwed...... Bradpalm1

To: Zeev Hed who wrote (7315)	8/15/1998 10:11:00 PM
From: ChrisJP	Respond to of 14347

Hi Zeev, Thanks for looking at RNTK's 10QSB. I'm sure you knew that by posting here you would generate some "on topic" discussion. I figured you were used to the kind of attacks you receive when posting something as simple as an explanation of the preferred issues. After all, you're just reporting the news -- you didn't issue the shares. For the record, I PM'ed Zeev for his opinion on the RBTK 10QSB when the discussion on the "preferred stock" started here. To my knowledge, his only "agenda" was to report his assessment of the risks of owning RNTK stock given the that these shares are hanging over the float. Investor relations informed us that 155,000 of the 200,000 Series A have been converted in June and July. I'm guessing that more were converted in August. Don't know about the first 200,000 Series B. But if the stock manages to stay above 1 (the BIG if), the most they can add to the float is maybe 6M - 7M shares. This of course would only occur if the deal is not signed anytime soon and at their burn rate, over several years. It also appears RNTK did not issue enough stock to enable the owners to convert and sell in sufficient quantity to drive the price down for sustained amounts of time. One thing I should point out is that it is really unfair to say this stock went from 2 to 1 purely from dilution. RNTK was in the low 1's in Jan - Mar after (I think) the float went from 15M to 33M. Profit taking as well as dilution (or shorting) are to blame for the stock's recent decline from 3+ to 1+, during which time the outstanding shares increased by 2M shares. There still seems to be a lot of support for RNTK in the low 1's due to the earnings potential if they JV with Texaco. I think this will remain the case unless RNTK's fundamentals change. BTW, if the fundamentals change anytime soon, the last thing I'm worried about affecting the stock price is floorless conversion. The stampede to the exits will do more damage to the stock price than the conversions will. Having said all this, I should also mention that I'm not oblivious to the dangers of the floorless issues and I appreciate your looking at RNTK's financial statement. I think it is important for all of us to monitor RNTK's outstanding share count and short interest (as of July 1998 a measly 7,104 shares !!!!!) to determine if RNTK's stock price is eroding from unnatural causes. Regards, Chris