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Regenx Tech Corp. C.RGX

Alternate Symbol(s):  RGXTF

Regenx Tech Corp. is a cleantech company. The Company is engaged in the development and commercialization of its processing technologies for the recovery of precious metals. The Company’s initial focus is the extraction of platinum and palladium from diesel catalytic converters. Its technology produces a sustainable PGM concentrate without the need for smelting or mining. It provides an alternative from environmentally harsh smelters to modern technology to recover precious metals. Its products are used in various industries, including electronics, medical, transportation, emissions, jewelry, and pharmaceuticals. The Company’s subsidiaries include Mineworx Technologies Inc., Regenx USA Inc., MWX Espana, S.A.U., and Iron Bull Mining Inc.


CSE:RGX - Post by User

Comment by BrandNewGuyon Sep 22, 2022 10:53am
179 Views
Post# 34978940

RE:RE:RE:RE:RE:RE:RE:RE:Rights

RE:RE:RE:RE:RE:RE:RE:RE:RightsAdditional rights are calculated by taking all requests for additional rights / total additional shares available (# of shares less Numbers of hares excercised).

It isnt that simple however.  So if there are 9,000,000 additional rights available and 10,000,000 are requested then people get 91% of what they requested.  This is supposed to go further and should also be compared to the original number of shares they owned.

The company siad that the rights were oversubscribed but I dont believe it was by much.  In some accounts I subscribed for the cash I had avaialable, ie another 25%, and in others I oversubscribed 300% and I had the same ratio on each account and the one that was oversubscribed by 300% was one of the largest.

So in the chain above if you asked for 900% more but only had 10,000 shares I could see that possibly happening as they needed to sell overallocation of over 100,000,000 shares.

In any event, 3.5 cents now that more than a 100% gain for any overallocations granted, so thank you to the 100m+ shares that did not excercise their rights.
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