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

To: ChrisJP who wrote (11135)	10/21/1998 7:53:00 PM
From: Andrew H	Respond to of 14347

>>WHY IS IT SO TOUGH TO GET A STRAIGHT ANSWER TO THESE QUESTIONS ?????<< Chris, I don't know what you expect. RNTK most likely has no way of knowing for sure what shareholders do with the common they receive for when they convert their convertibles. Even if they did, that is personal information. The 3M came from selling the convertibles. RNTK gets no money from the sale of the common shares. However many convertibles were sold, we know the total shares outstanding now that the convertibles have all been converted is about 41.5 million. That is all we can know and all we are going to know, altho it is possible to figure out how many preferreds have been sold from the total number of commons. Chances are very good that those preferred shares which have been converted into common but not yet sold will be held for the longer term and higher prices. Hope this makes sense.