Post by
bailey2 on Dec 09, 2023 7:17am
Agree with Iscfa
I agree with Iscfa on a few points for sure. At least there were no damn warrants. There will be no selling of shares to participate in any financing with attractive free warrants pinned to the pp. The selling pressure is absolutely warranted the past several months for various reasons, and it probably really snowballed with the failure of the "cash flow positive by end of June or early July" statement by management. Here we are purring towards the end of the year. with module one not operating properly, and with no revenue. We certainly have not "crossed the goal line." Almost 7 months with delays, delays and more delays, some warranted, and some perhaps due to failure of execution by management, in my opinion.
IF the pp can be filled quickly, (up to this date, nothing has been done quickly or on time.) and if RGX can start selling the pgm's and booking receivables ( payment is I think 60 to 90 days from the refiners) early 2024 can get off to a good start. I will be the first one to admit I was wrong. I probably said the same thing at the start of 2022 and 2023. This company has been the worst form of torture for long time shareholders both mentally and financiailly up to now. There are a few four letter words that I would like to include with this post especially towards the present management, but they probably would be censored, so I can only " HOPE" that between now and early 2024 they can finally close their " excuse" garbage bin, and man up and execute. Good Luck . We need it....IMHO