Regenx Tech Corp. C.RGX

Very Important Questions for Rancher aka (Mineworx)

[BugsyMalone]

Vital Questions that need to be asked.
 

1. Assuming that MWX can legally sell the Spanish exploration target, why would they set such a high price ($20M) if it's simply a potential spinout to current shareholders? There are many highly advanced iron ore companies with billions of tons of proven reserves in Canada with market caps of around $10M. Comparatively, this would place a potential value on this project somewhere in the thousands of dollars.
2. If not, how is the $20M valuation established? The higher price simply implies value, where in reality, none exists. The higher the deemed disposition value, the more taxes the company (or likely shareholders) will have to pay.
3.  Why would someone pay $20M for an exploration target with an unqualified resource of only 7M tons, located in the middle of a tranquil tourist town? I understand the area is used for recreation and the old pits are now a lake.
4. Does each shareholder have to trade the equivalent value of their MWX shares to get the non-trading dividend shares? If not, is it a taxable event?
5. MWX admittedly will carve out $17M of value from its books, (63% of its current MCAP value) yet the only consideration it gets, is shares in a non-arms length, private company with an unknown cap structure. Shareholders might only own 1% of the private new company. What is the structure of the new company? before and after its financed and who is going to finance it?
6. There is no market for the shares of the new company, so will shareholders have to liquidate other positions to pay any taxes on the dividend value, which might be taxed as income?
7. Why did MWX never disclose last year's exploration drill results of the property? Is this some type of cover-up? Were the drill results good or bad? Do the principles of the new company know the drill results?
8. Where is the required disclosure of the results under NI 34-101? The securities Commission may demand disclosure or they may halt the stock.
9. Regarding converters, has anyone asked MWX how they plan on competing with Global Refining in Montana for raw goods? Mineworx can only process 50lbs (?) per day of catalytic converter material but Global has a current capacity of 150 tons per day and includes diesel-based converters. They and other refiners pay over 95% for platinum, palladium, and Rhodium. MWX admits they can only recover 90% of the platinum and palladium and none of the Rhodium?
10. How much can MWX realistically pay for raw goods? Assuming operating costs are only 10% (which is unlikely), that still leaves only 80% payable to buy material, pay commissions, and pay their partners. I would guess that 75% might remain to pay for raw goods. How does MWX expect to divert feedstock from Global’s massive supply network, or other refiners, if they pay 20% less and they don’t pay for Rhodium?
11. Why would Davis, or anyone else for that matter, sell product to MWX for 20% less than what they can get from Global or other refiners?

These are simple questions from a simple man.

I await Rancher's illuminating response.

Bugsy.

[BugsyMalone]

Rancher, That’s just the response I was expecting from you. Anyone that would simply dismiss or challenge those vital questions and critical observations without considering the merits and disasterous economic consequences, is either a fool, a company plant, or both. This latest immature and delusional rant finally exposes your true colors. If your actions and comments here are representative of

[BugsyMalone]

Rancher, you and your aliases continue to disappoint. I find your obvious apprehension of people asking intelligent questions quite disconcerting. The fact that your only response is to "attack, cancel, and change the subject", is a well-documented tactic used frequently in both politics and discussion forums. Pushing the Iron Bull fantasy is simplistic slight of hand. If the team is so

[BrandNewGuy]

Bugsy, I appreciate question when coming from a source of clarification.  Your attempts however are attempts to cause harm.  I would suggest now that you have posted the same questions twice (like you did last time when trying to achieve some unknown goal) that you wait until we all receive the package to vote on from the company.  Otherwise, I would fully expect Rancher to go onto

[justus434]

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