Post by
bailey2 on Mar 27, 2024 8:13am
RO + Consolidation
The RO price could have been worse. The consolidation could have been worse. As far as the presentation last week and the statement "no consolidation," it just isn't surprising to me anymore. Again on the backs of shareholders for the third time, and of course anyone who participated in the 2 debentures.
If the next 3 months mirror the past 3 months,, this raise which will close in early June is a hope and a prayer, in a perfect world in Pendura's mind that it will get us to 2 shifts and 2.5 tons of continually processing product. It is NOT enough to get us over the " finish line" . (90 to 120 days for payment from the refiner") I am sick of him saying that there will be other alternatives to fund by then.
Pendura needs to resign(stay on the Board of Directors so he keeps his options etc etc. as a thank you for getting us this far, and HIRE a NEW CEO( or interim ceo) with his fat pay-cheque. No-one in house. They just can't be believed anymore. Rancher has connections to extremely knowledgable and very wealthy people that would certainly in one way or the other, through funding and/or their expertise in comparable fields, could actually get us over the finish line, and potentially a lot quicker. Perhaps fly them down to Greeneville, see if the operation actually has potential for these savvy business people to jump on board one way or the other. Maybe shareholders should set up a go-fund me page if the company can't afford a few plane fares and hotel rooms?
THE SHARE-PRICE is 2 CENTS! What is the harm in doing this? Pretty close to zero, isn't it? An introductory phone call to these businessmen is actually free. Maybe they might be interested.
Pendura needs to come clean, with what exactly is going on down in Greeneville. He needs to come clean as to WHY he is inept at attracting funds from elsewhere? He needs to do a conference call, no webinar or stupid presentation like last week. A real-time telephone conference call, before he resigns.
We need a third party assessment of the Greeneville operation, perhaps by one of Rancher's friends who, believe it or not, with their qualifications, could give us the real truth, if our company is even on the right track. He also needs to explain where all the money went the past 3 months. A pp and 2 debentures. I would like to hear it from the CFO. Emily Richardson. In what world does he expect to have shareholders pony up more money, to prevent their cost per shares doubling? He has to prove that the company is even worth .0075 cents for one RIGHT, There is such a lack of trust with this CEO, no need to rewind all the presentations from the past year or two, to nauseate those that drank his koolaid for the past several years......
Regenx will need more money. We need a new face at the top. Even an interim CEO, no promotions from in-house. Someone who can actually open doors, and get us over the finish line, if there actually is a finish line. One always has to remember it is the shareholders that own the company. Is this all just a bad dream? It certainly seems that way....