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

To: eric deaver who wrote (10907)	10/13/1998 9:53:00 AM
From: CYBERKEN	Respond to of 14347

I also noticed that error by Zeev. Okon is the first Rentech cash cow and appears to be a little more profitable than they expected. I am hoping that Yak has his eyes on one or more equivalent "cash cows" now that he has plenty of money in his pocket. I also wonder if Zeev doesn't make these mistakes on purpose??

To: eric deaver who wrote (10907)	10/13/1998 1:50:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 14347

Eric, I quoted the following from Yahoo's profile of RNTK: RNTK develops and exploits its technology for the conversion of low-value, carbon-bearing solids or gases into valuable liquid hydrocarbons, including premium diesel fuel, naphtas and waxes. For the nine months ended 6/30/98, revenues rose 92% to $1.4 million. Net loss rose 62% to $2.1 million. Revenues reflect sales of water-based paints, sealers and coatings. Higher loss reflects increased costs associated with Okon and public relations and higher interest expense. If you reads the details of your own quote fro their 10Q, I am sure you will have some big questions as to the total profitability of the OKON acquisition, so far. Gross profits in the last quarter (June 98) by some $22 K (327 vs 305), but G&A increased by more then $300 k (646 vs 328). Ad two more such acquisition, and you rapidly burn cash. Zeev