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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 (10136)	10/6/1998 5:09:00 PM
From: Eski	Read Replies (1) \| Respond to of 14347

Watch it Zeev, you might be called a Sewer Rat here. LOL Eski

To: Zeev Hed who wrote (10136)	10/6/1998 5:12:00 PM
From: eric deaver	Respond to of 14347

Can't sell anymore Preferred B if price in below $1. Right? Well maybe they can but they do not have to. Eric

To: Zeev Hed who wrote (10136)	10/6/1998 5:12:00 PM
From: ChrisJP	Read Replies (1) \| Respond to of 14347

RNTK is only authorized for 50M shares.

To: Zeev Hed who wrote (10136)	10/6/1998 5:16:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 14347

I appreciate your confirmation that I was right about all the sewer rats coming into the light today. Welcome, Zeev, lord of the rats!

To: Zeev Hed who wrote (10136)	10/6/1998 5:29:00 PM
From: Charles T. Russell	Respond to of 14347

I'm pretty sure that RNTK's float is approximately 38-40M. The 10Q for 6/30 lists 34.3M shares outstanding There was $2M of Series A Preferred stock ($10/share) that was issued in fiscal third Q. These were convertible at .85 X (the average closing price of the five prior trading days) If all shares convert here that adds about 2.25M - 2.5M shares to the float. I think we saw a lot of conversion and selling between 1.2 and 1. The series A purchasers also have the right during the next 15 months or so, to buy Class B preferred shares at $10/share. These are convertible at the same ratio. I'm just guessing here that this might add another 1-2M to the float. Estimated Yrly Rev: $1.9M from the June 30 10-Q. Remember though that the company doesn't have to issue any of the class B convertible if the share price falls below $1.00. (the magic number we hovered over for so long)