Regenx Tech Corp. C.RGX

Bid down to CA$.07

[AlfTanner]

The market has lost faith in this company.  They have just taken too long, and they have not reached their production goals.  Back in Apr 21, 2023, Greg Pendura told investors that the "plant is up and running" and "the commissioning process will take approximately 90 days to go from 1 pound a day of throughput to get to 2.5 tons per day of throughput for module 1".

 

So the plant should have been running at full capacity in July 2023.  Here we are in October, 3 months later, and we still do not have full production, even after the "grand opening".  The boiler and gas line fiasco was obviously a big part of the delay.  After all the supposed testing, why did they not know that the process needed to be hot to work?  When they did finally figure that out, and they ordered the boiler, why did no one realize that the boiler would need a bigger gas line?  

 

Now we hear for the first time that some new pumps were needed.  What is going to be the next delay?  Can these vats of chemicals process 2.5 tons or not?  I am beginning to wonder if a continuous process is even possible.  Do the chemicals lose strength over time?  Does sludge build up in the system?  Do the pipes and vats corrode?

 

I think the stock price will continue to drift down until full production is reached.  If you extrapolate the recent rate of decline, the stock could be around CA$.045 by the end of the year.  If we still do not have full production by then, we will be looking at more financing and more changes to the process.  

 

[Halfblind]

I think the share price is shaking out weaker hands. Time to buy more before real cashflow ramps up and bigger fish take notice.

[AlfTanner]

Halfblind, I appreciate your optimism, but the company is creating those weak hands through lack of results.  In an October 6 interview on Watchlist, Greg was asked "Does this grand opening signify Regenx going into full commercial production?" Greg responded, "Right now we are scaling up towards [full] production.  Probably by the ribbon cutting we will be hopefully in

[Ballsofire]

I agree halfblind. I'm not worried at all. I was a process engineer, and everything needs adjustments to make things work, the potential money from this is enormous, as well as preventing more converters ending up in landfills! I'm adding to my position!

[Therancher]

Great move BALLS!!!! It's closer to an easy double at .07 than it was at .11 . Many of my friends are adding as well.  I'm already at a substantial % of the company many at .03 so I'm good ;);). Generational wealth could easily be made on this one! EASILY!! "When the plant goes to 2.5/3 tons a day the NDA's will be revealed!"  " Large companies don't

[lscfa]

Investors want to cash flow generation at this point. The sooner it happens the sooner the co. can borrow funds to build next 3 modules.