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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTF

Regenx Tech Corp. is a Canada-based company, which is engaged in development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. It has two operating segments, exploration, and development of mineral properties in Spain and mineral extraction through use of its equipment in North America. It is focused on the extraction of platinum and palladium from diesel catalytic converters. It provides an alternative from environmentally harsh smelters to modern technology to recover the precious metals. Its industries using catalytic converters include generators, industrial, automotive, light trucks, commercial vehicles, and heavy equipment. The Company’s subsidiaries include SME Resources Ltd., Mineworx Technologies Inc., Regenx USA Inc., and MWX Espana, S.A.U.


CSE:RGX - Post by User

Comment by AlfTanneron Sep 28, 2023 2:17pm
162 Views
Post# 35659958

RE:RE:Reverse split

RE:RE:Reverse splitcanuck, I think you have just highlighted the problem.  If everything goes perfectly over the next 2-3 years, this could be a 1000% winner or a 10 bagger.  That would take the stock price all the way to $1.00.  In my opinion, $1.00 would not attract very many institutional or large investors.  Those guys usually need at least a $5.00 stock price.  So a 10 bagger would be great, but the stock would likely languish after that with a low P/E.

Say instead there was a 1:10 reverse split.  The stock price over the next 2-3 years goes from $1.00 to $10.00.  At $10.00, the stock is attractive to institutions.  At $10.00, the stock would be easy to list on a U.S. exchange.  With big money and U.S. money flowing in, a technology stock like this could easily reach a P/E of 20, 30, or maybe a lot more.  Support from big money could make expansion, including international expansion much easier.  The stock price could have room to run to somewhere in the $30 to $70 range.  There is just a lot more potential for future appreciation with a stock price that says "growth investment" rather than "penny stock flip".

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