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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 PinkCowon Oct 26, 2023 11:33am
138 Views
Post# 35702209

RE:RE:RE:RE:RE:Anonomous

RE:RE:RE:RE:RE:AnonomousYou never know why someone is selling, but in this case I would bet that the majority of the selling pressure over the past few months is coming from people who participated in the convertible debenture. It is always easier to sell this type of thing to exisiting shareholders than find new ones. Participants get benefit of upside returns plus a 15% coupon while they wait. The issuance equates to somelthing like 25-30 million shares and it makes sense to sell down your existing equity posiiton to pay for your debenture position.
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