Argex Titanium Inc. ARGEF

RE:RE:RE:RE:RE:FOR REAL...

[Viosimiri]

If RGX are closing the doors what is happening with the patents? Who will own them and be able to use them and continue a deal with China? Is this a posibility?

Astrosmith wrote:

After a bit of thinking on this, and admittedly not knowing exactly what is going on, one thing we need to really keep in mind is that RGX is not proposing to shutter its doors. It is looking at restructuring, NOT ceaseing operations. 

If we get delisted from the TSX we will end up on a subordinate exchange, not lose shares entirely. Shares of the 'bankrupt' RGX will still be tradable as long as the company is active. If they shutter the doors, they lose it all. At this point that is not an option for them. If restructuring is unsucessful then we will lose it all. But if the restructuring is successful, RGX will be able to claw back onto the TSX-V (wher we honestly should have been since 2015) or eventually the TSX again. We will all still own our portions of this company. In order to go private, a management buyout or other sale would be required to be supported by sharholder through a vote. What they want will be to buy all shares for half a cent. 

This is not over yet. The signed 15 year development deal alone is worth much more than our current market cap. Cleaning up the share structure and debt notes, and subsequently the 10:1 reverse split will bring the SP to something much more attractive to venture capital (or China ;)).

We have already gone down with the ship. Expect zero. But if we get more than zero, expect a revival after restructuring. Between all of us on this board we probably own 20% or more of this company. Don't let them take it for half a cent. Let this play out, and lets look for a buyout or new financing package from China. We have patents, and technical information and partnerships worth quite a bit. All the work over the last few years has masively progressed this company. Let's not make a firesale easy.