RE:RE:RE:Q2 on sedarYes, but at that point RGX still couldn't run the plant in a continuous manner. How many shipments of its black powder concentrate to a refiner from its Greeneville, Tennessee facility has RGX done since Feb 15 2024? Answer, I think none.
This is about when RGX, "Regenx Tech Announces Change in Senior Leadership"
https://stockhouse.com/news/press-releases/2024/08/01/regenx-tech-announces-change-in-senior-leadership 1) "After leading the Company for over 14 years, Greg Pendura has decided to step down from the role of Chief Executive Officer but has agreed to remain as the Chairman of the Board of Directors."
2) "Don Weatherbee has been named the Chief Executive Officer of Regenx" Don joined Regenx in 2015.
This is about the time RGX did a Rights Offering (R/O). RGX was broke. Without shareholders money from a (R/O) RGX would be dead now. The key point here is RGX couldn't get any loan because they needed proof of continuous mony earned. RGX didn't have this to show to get any kind of loan because RGX was havig too many problems with the plan. Thus the plant had so much down time.
RGX really ows a lot to its shareholders for keeping it running. I really don't think many shareholders will do another R/O thus I see RGX has only ONE more chance to prove they can run the plant 24/7 & make a record of making money in a contiuous time in about the next 8 months. or RGX is dead. (The money from the R/O was only for about one year.)
https://www.regenx.tech/news-releases/regenx-rights-offering-fully-subscribed 3) .Regenx Appoints Industry Veteran Bob Fair as Vice President
https://www.regenx.tech/news-releases/regenx-appoints-industry-veteran-bob-fair-as-vice-president-of-operations 4) This is also when RGX knew they couldn't run what the plant was made to do without a 2ND shift. RGX just got a 2ND shift.(I think all positions are filled). I don't think 2ND shift is running yet. It's a very new step by the company.
We should find out more about this and much more next week as Weatherbe said today that next week RGX will give a Full Presentation on production.