RE:RE:Existing ShareholdersTotally disagree with Burcon. There are 2 distinct phases. First is issuance of Rights with each right convertible to 1 share of stock at the published price of $0.0075. If fully subscribed, it will double the number of RGX shares. The 2nd phase is a consolidation of RGX shares which reduces the number of shares in half.
If a shareholder holds 1,000,000 shares today, and does not participate, they will have 500,000 shares afterwards. The shareholder owns less shares and a smaller percentage of the company. Clearly a consolidation.
And YES, I am a very long-time shareholder who has gone through 2 ROs previously and DO NOT WANT another one. It may sound good to newer shareholders, but the long-term shareholders have been burned over and over by this management team. It's hard to believe anything they say now.