RE:RE:webinarFound a great quote on CEO.CA
"FibonacciMike Just early in the presentation but don’t like the choice of words…… we “reached” 2500 … and then “we are in production “… ok then tell us how much you are producing NOT what you reached. I don’t care what you reached tell me what you are producing."
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I agree with this and I'll add to it by saying to the company, STOP the spin talk and give us the straight talk. Answer our question of "What amount of PGMs are we producing?"
Think about this. Don Weatherbee even says it in the video. He said RGX looked at other ways to get funding. Don then said, at this point the Rights Offering is-the-only -thing-RGX-can-do-to-get-funding.
Let me break this down a bit more. Most of the R/O comes from us, the shareholders.
The truth is that without shareholders doing the R/O, RGX in no way could make their dream happen. Yes, RGX is totally dependant upon us, or RGX would stop now.
I'm not using clever talk. No, what I just said , is a fact. RGX needs us, but, they can't just answer our questions in a straight talk way.
One of my question would be, "Why will it take till 1H 2025 to be cash flow positive from module one?"
They'll get R/O funds in what? July 2024? R/O pays for 2nd shift and product to run. So far this is all what Don said in video. So Don is telling us, everthing is set product,(check), People, (check), (running product,(check).
So how long does RGX have to run to be cash flow positive from modlel one? A year?? Why??
Tell us. But do not go round and round with their answer. Just answer us with straight talk. And they should keep in mind when they answer us, ... they need us. In other words, RGX, stop the BS.