Regenx Tech Corp. C.RGX

On target?

[bailey2]

Newco shares supposedly end of March? Not one target has been met for over a year--------- Is the arrow bent/ Or will it hit the Iron Bull's-eye?

The original agreement with AAJ included a deadline of February 28, 2023 to complete the transaction, both companies have agreed to extend this date due to the length of time the regulatory board is taking to approve the transaction. All the companies involved in this transaction remain committed to the completion of the process which will result in the public listing of Iron Bull. The process timeline is now determined by the Venture regulators,  Iron Bull along with its legal counsel has been providing the supplemental information as soon as it receives any queries from the regulator. The companies believe the transaction will be completed before the end of March.

As soon as the regulator approves the transaction Regenx will announce the date of record for the planned 20 to 1 distribution of the Iron Bull shares currently held by the company.  To have brokerage accounts accept the distribution of Iron Bull shares it must be a publicly traded entity.

The Regenx Team

[djstone56]

IB/Bull Metals may finally get their listing this week and RGX shareholders may finally get their IB shares...but neither the current s/p nor the trading volume seem to support that.  A 20k purchase of RGX at the current 0.085 ask price would cost you $1,700 today...$1,600 if you can pick them up for 0.08.  That would also net you 1,000 Iron Bull/Bull Metals shares, nominally valued @ 0

[Capricorne28]

If I have 50,000 shares would I get 2500 (Iron bull) 20/1 is my calculation correct and did you say .40 cents. Or 4 cents ??? Thank u 

[djstone56]

You are correct.  The deal for the sale of the Cehegin iron ore asset to the Iron Bull guys, (Cory Hunt and Peter Lacey) was for 20 million Iron Bull shares with a nominal value of $1.00/sh, pending them getting a listing on a Canadian Exchange.  Of the 20 million shares, shareholders were to receive 1 new Iron Bull (Bull Metals) share for every RGX share they held on the date of record,

[Capricorne28]

Yes it does thank you if your saying close too 1 $ a share that's one heck of a nice gift too all shareholders grateful  

[djstone56]

Capricorne28, that's not exactly what I said.  The original  deal was for 20 million shares with a nominal value of $1/sh, as assigned by Iron Bull.  That's the way it was explained to shareholders.  Shortly thereafter, Iron Bull tried to close a private placement to raise funds.  The pp was offered at 0.40/sh, although RGX shareholders weren't told of that by

[djstone56]

Sorry, I hit "post" before I answered the last part of your question.  Yes, I said 0.40 for the IB shares, but that's based on what they were offering their private placement for.  That could end up being less or more, depending on what the shares open at once they start trading.  The market will eventually determine the shareprice.

[BigGrayCat]

All along I have not understood why Regenx would distribute the shares they will obtain for the Cehegin sale.  So, they distribute the shares, then go to the market for money for modules 2-4.  They should have kept the IB shares and monetized them for future needs...

[smallcapstocker]

Through the lens of present day I don't disagree with that logic BGC.  But I presume the line of thinking at the time was to unlock value that was not being reflected in the share price and create value for shareholders.  Basically the same play book as we did with spinning out ETI.  Personally I believe our share price is significantly undervalued and does not remotely reflect

[lscfa]

co. was not distributing all the IB shares. Mgmt probably assumed the shares it retained could be sold at the deemed $1.00 generating $2.64 million for recycling project. If the IB shares are now worth only $0.40 then maybe co. distributes only 13,397,333 shares, not 17,358,929.   "MWX intends to distribute approximately 17,358,929 of the 20,000,000 Iron Bull Shares that it

[Usnotu]

I'd be pleasantly surprised if we get the shares in the next month . I just don't see the exchange being that efficient in processing the updated paperwork , but hoping for the best .  I realize that it's not uncommon for the Exchange to ask for more credentials, But excuse that IB submitted the paperwork not using the company's present name really seems like a rookie move