Regenx Tech Corp. C.RGX

MWX private placement

[dieseldave]

https://www.globenewswire.com/news-release/2021/03/09/2189993/0/en/Mineworx-Provides-Update-on-Rights-Offering-and-Announces-Proposed-Private-Placement.html

[dieseldave]

Didn't see that coming

[BigGrayCat]

Wow, I don't like that...  Let's just dilute the stock further at this low low price.  If they had "the goods", then why wouldn't they do this later when the stock price is higher.   A 100% subscription was supposed to give them enough money for the foreseeable future. One day into this thing and I'm already questioning my wisdom to go in 100% on my

[Therancher]

Trying to get a "why"?? RR

[raiderlance]

So let me get this straight.  They took half my shares during the rights offering because they wanted to do a rights offering so as not to cause share dilution.  Then the very next day they do a private placement which will cause diluation of the new common shares... Got it.  

[Eagleseeker]

Absolutely troubling.   We reluctantly provide overwhelming support to the raising of requested funds amd when given the opportunity to pick up excess shares at 1.5 cents we oversubscribe.  Knowing that there is about $1.5 million sitting in our accounts willing to buy shares at 1.5 cents which means any shares we pick up would be a net cost of 3 cents post consolidation they want to

[canuck1326]

Wow!! This is unbelievable! Heck I don't even know yet if I was granted my entire oversubscription ask and they're opening a private placement.  Coming across as pure greed play because they got some overwhelming support for the rights offering. I get the idea of trying to get more money while the interest is hot but this is just a slap in the face. Why not wait until they release