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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 PinkCowon Oct 26, 2023 11:33am
122 Views
Post# 35702209

RE:RE:RE:RE:RE:Anonomous

RE:RE:RE:RE:RE:AnonomousYou never know why someone is selling, but in this case I would bet that the majority of the selling pressure over the past few months is coming from people who participated in the convertible debenture. It is always easier to sell this type of thing to exisiting shareholders than find new ones. Participants get benefit of upside returns plus a 15% coupon while they wait. The issuance equates to somelthing like 25-30 million shares and it makes sense to sell down your existing equity posiiton to pay for your debenture position.
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