RE:RE:RE:RE:RE:RE:PLEASE PLEASE COMMENT lscfa, I apologize for being negative, but please mark my words and check back in a year to see if I was right. Here are my points:
- There will never be more than one module in the Regenx factory
- The one module does not work, and it will never work so long as Regenx management is in charge. There are some serious problems with the design that management is hiding from us. My guess is the problem has something to do with sediment clogging the system. Regenx management has proven that they are incompetent, so they will never be able to fix the problems.
- The quarterly report shows the company is losing around $2M per quarter while producing pretty much nothing. This is the fixed cost until they can prove otherwise. Some of that loss has been covered by printing shares instead of spending cash. If you are just looking at cash, you are not seeing the whole picture. This company has a bloated payroll and bloated expenses. They are wasting shareholder money on a process that does not even work. What are all these people actually doing? They sure as heck are not working to fix the process.
- The company is broke, and the stock is not even trading anymore. The rights offering money is not going to last more than a month. Given their incompetence so far, they are not going to accomplish anything in that month. This thing is dead.
bailey2, as for the carbon credits, that has always been a pipe dream. No one just magically hands you carbon credits because you run a process that takes less energy than some other process. There is a long, bureaucratic process to apply for carbon credits. Notice that Regenx has not even been talking about carbon credits lately. They know it will never happen.
You are right that Regenx needs a change at the top. In fact, they need a whole new company to take over the technology after Regenx is bankrupt. Maybe a competent team can actually make this technology work.