RE:RE:Post-RTO valuation and RegTech AssetsConfirmed Regtech sold the RadMax assets in Feb. 2017:
The Board of Directors of RegTechnologies Inc. (“Reg Tech”) and REGI U.S., Inc. (“REGI”) are pleased to announce that the TSX-Venture Exchange(“TSX.V”) has approved the sale of all of Reg Tech’s assets to REGI in exchange for 50,591,350 common shares of REGI, as approved by Reg Tech’s Special Shareholder Meeting onNovember 18th, 2016. RegTech’s common shares will be voluntarily delisted from the TSX.V on or about February 21, 2017. RegTech’s common shares will also be voluntarily delisted from the OTC.
So, the presumed valuation of $39MM seems very high. I thought maybe there were some of RegTech's assest involved in the valuation but no.
So back to square one... how do they arrive at $39MM?
MSGTicker wrote: As far as I know Reg Tech has sold all assets and is a shell company ready for RTO by GBC, so no assets from Reg Tech are involved nor does the business of Reg Tech have anything to do with GBC.... just a vehicle for RTO.