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

To: The Street who wrote (10789)	10/11/1998 8:44:00 PM
From: ChrisJP	Read Replies (1) \| Respond to of 14347

Hi The Street, I believe after the conversion activity 2 weeks ago, RNTK has about 40M shares. It will be a while, like 9 months or more before they hit 50M shares. Hopefully by then earnings from acquisitions and the Texaco deal, and maybe even news of a new deal will more than offset the effect of the additional shares. If there are less that 500,000 prefered shares to be converted, and the stock price stays near or above $1, and there are no more prefered shares sold, then we will not see 50M shares. That was 3 "ifs". Ss long as you're doing DD, why not call RNTK and find out how many prefered shares they have sold that have yet to be converted ? The answer will let us know where we stand regarding any near term dilution. Regards, Chris