Regenx Tech Corp. C.RGX

RE:RE RIGHTS OFFERING

[People585]

Will this be the last straw this company uses to suck more money out of us especially since all we   have seen is a lot of so called 'potential"........please tell me we will see some return on our investment...please ..this is painful and i don't want to bailout..the wound is too deep and i'm certainly sure i'm not alone...Greg better have something of substance in his next CHAT...revenues might be a good place to start....i'm pi****ed...thoughts people ?

[djstone56]

I'm not thrilled about the Rights Offering, but I understand the need for money and at this share price, it would have taken a pp of more than 100 million shares @ 0.04 or 0.045 (discount to current s/p) plus attached warrants to raise the required funds. That amount of dilution, (+30%), would have crippled the Company moving forward and limited any chance of creating value for shareholders

[canuck1326]

I am not afraid of the offering for the same reasons.  If they can execute the plan from the last presentation and the letter to shareholders today then we are in a good position. As a result I am trying to figure out how to best leverarge the situation having never been through a rights offering before.

[bailey2]

Looking forward to the webinar. I guess the other way to look at this. I doubt that the RO will not be fully subscribed. If it is, the company has working capital and no share dilution. The flip side of the equation. Another scenario. If it is not fully subscribed, in the end, not as much cash, however share count goes down. Maybe even significantly. Then they release news everyone has been

[BigGrayCat]

I'm trying to figure out what happens to the stock price after the 01/28 "Record Date" for the Rights.  If I'm interpreting this correctly, the MWX stock continues to trade and the Rights start trading as symbol MWXRT.  If 1 Right represents the ability to buy 1 share at 1.5 cents, then it seems that either Mineworx stock will drop or the Rights will trade higher or

[canuck1326]

Does buying a mwx.rt equate to exercising the right? Essentially buying the right and share or do you have to buy the right (mwx.rt) then still pay to exercise/subscribe? I know its a rookie question but I've never been through a rights offering before. As for your thought experiment that is how I've been thinking about it as well.  I've been contemplating dumping and buying