Regenx Tech Corp. C.RGX

Consolidation

[theq_fez]

If the consolidation doesn't get majority vote, the company will have almost $5 million cash if the Rights Offering is completely filled   -  and the shares outstanding will double to about 646 million shares outstanding.  The shareholders will have their original amount of shares plus whatever they exercise in the Rights Offering.  Am I understanding this right?

Is it better to consolidate and end up with 1/2 the amount of shares and 322, 765,080 outstanding  - or not to consolidate and end up with our original amount of shares plus the shares we choose to exercise in the Rights Offering and 645,530,160 shares outstanding?

Any thoughts

[bailey2]

It is pretty obvious if all or a majority of the rights are exercised, that there will be the consolidation of shares afterwards. The number of shares could actually be reduced fairly substantially if the rights offering is not fully subscribed, but a majority is needed to carry the consolidation vote forward. They may not get the whole funds, but the float could be substantially lower than 322