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

To: Dan O. who wrote (10842)	10/12/1998 3:36:00 PM
From: Andrew H	Respond to of 14347

Dan, I spoke with Mark last week who confirmed that once all the preferreds had been converted there would be a total of about 40 million share O/S. At that time (before the announcement) he thought that there were perhaps 1 million shares left to be converted. These were from Series B, I believe, and thus had a floor of something like 85% of $1, which was the minimum price allowed for conversion. He also said he thought that if the TX deal was signed, there would be no need to issue more Series B preferred as there would be other monies available. However, it would be good to double check all this out with the company, since Captain Midnight's info is usually pretty good. But I think he is wrong on this. I believe we have seen the end of RNTK's dilution and will remain at roughly 40 million shares O/S. BTW, I have found that Yahoo is notoriously slow (6 month or more, often) at updating its outstanding share figures and float figures. I would never trust the Yahoo figures.