Post by
riggedmrkt on Mar 06, 2019 9:03am
dilution
Enough with the dilution already !!!
There are more than 3 times and a half outstanding shares in the past 3 years and all bought at next to nothing. 3, 4 or 5 cents
At this rate, it will take 10 joint ventures to get anywhere.
Comment by
Ontario1 on Mar 06, 2019 1:17pm
Most "dilution" results from the assumption of unpaid payments in 2016 by the CEO and others in the environment. Another part results, from working without pay since middle of 2016!!.
Comment by
TITANIUMJOE on Mar 06, 2019 3:33pm
It did say third and final, so let’s hope the signatures hit the contracts in a couple of weeks and then RGX can get financing for the pilot plant.
Comment by
billr861 on Mar 06, 2019 5:51pm
Unless a pilot plant is required by the Viet contract, I doubt they will build one. Why do so if they're on course to build a full scale plant...waste of capital.
Comment by
sim_1 on Mar 07, 2019 1:12pm
I agree My guess is given the Viet JV plans have changed with the pilot plant. doesn’t make sense anymore...
Comment by
sim_1 on Mar 07, 2019 1:37pm
Oh I sure want to see them build their own plant... but why go with a pilot plant first? what remains to be proven if you are already going with a full production plant in Vietnam? I say the pilot plant becomes a useless step; go with the production plant right away!
Comment by
TITANIUMJOE on Mar 07, 2019 1:54pm
Yes. Of course I agree the full JV plant first.
Comment by
TITANIUMJOE on Mar 07, 2019 1:57pm
Yes this was my understanding. I did not consider the geographic locations though. Good point!