Regenx Tech Corp. RGXTD

800,000 shs on the ask

[lscfa]

Someone subscribes for $0.015 (2 x $0.0075) and now sells for $0.03 for a crummy $12,000 flip. RGX needs to find better long term shareholders and not trader scum.

[calerxx]

I'm not even sure what the gain is on 800,000. They would of had 800,000 shares pre-RO valued at 1-2 cents already. Then to buy the rights their average cost would have increased potentially approaching 3 cents, so might even just be breaking even without profit at 3 cents.

[KevinOleary]

"Someone subscribes for $0.015 (2 x $0.0075) and now sells for $0.03 for a crummy $12,000 flip. " You stole bailey's post after the 2022 rights closed. Try to be more original with your fake news.

[BrandNewGuy2]

People sure lack investment imagination on this forum. How do you think average every day people that dont have all of the money in the world subscribed to this latest rights offering?  Some people actually used their LOC to buy oversubscribed shares hoping that they would get a double which then would pay for both the original and additional rights offering shares. Besides, the way this

[calerxx]

This is somewhat true. An investor could oversubscribe say 3x there initial investment and double there original investment. They would have to leverage 4x their original investment to do this, which is very risky unless the company is nearly gaurenteed to bounce back, such as in RGX's situation. However since RGX is positioned to bounce back, most long-term shareholders would look at this as

[BrandNewGuy2]

Two issues with this analysis: 1. The original investment is a sunk cost it is historical.  My comment related to the rights offering in which case for the original shares, the costs of excersising those rights was only .75 cents. 2. Redu this scenario for a share price of 3 cents per share incorporating the comments from #1 above and you will see what I mean.