Regenx Tech Corp. C.RGX

Alternate Symbol(s): RGXTF

Metals & Mining Industrial Metals & Minerals

Regenx Tech Corp. is a Canada-based company, which is engaged in development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. It has two operating segments, exploration, and development of mineral properties in Spain and mineral extraction through use of its equipment in North America. It is focused on the extraction of platinum and palladium from diesel catalytic converters. It provides an alternative from environmentally harsh smelters to modern technology to recover the precious metals. Its industries using catalytic converters include generators, industrial, automotive, light trucks, commercial vehicles, and heavy equipment. The Company’s subsidiaries include SME Resources Ltd., Mineworx Technologies Inc., Regenx USA Inc., and MWX Espana, S.A.U.

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Regenx Tech Corp. > I think it takes a few days, not weeks

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Comment by Drywallon Jun 09, 2024 12:22pm

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Post# 36079939

RE:I think it takes a few days, not weeks

Doesn't it make more sense to fill all of the subscriptions, which would then have a certain amount of rights left over. Add up all the oversubscriptions and do simple division, with the remaining rights, to calculate what percentage of the remaining rights is allocated to them ?

eg. 300 million rights, of which 200 million are subscribed, leaving 100 million available. 200 million in oversubscriptions which means everyone who oversubscribed gets 50% of what they requested ?

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