Regenx Tech Corp. C.RGX

Today's volume

[BrandNewGuy2]

My speculation is todays share price and volume is based on the fact that in his presentation Greg said that they will need to raise money again and that breakeven will only happen when they reach 5,000 lbs a day which wont be for another 3+ months.

[AlfTanner]

Only one more dilution and breakeven in 3 months would be a dream come true for investors!  Personally, I think that is a little optimistic.  I think they will need to get at least 2 modules running to achieve breakeven.  I think that will take until the end of 2024.  Just my opinion based on the presentation and the progress so far.

[lscfa]

Co. said at full capacity of 5000 lbs/day it will be cash flow positive.

[danrou]

May be I misunderstood but I think they said the system can produce 2500 lb in an 8 hours shift. So, they expect to hire people to get another 8 hours shift (16 hours / day = 5000 lb/day). Am I wrong on this?

[Investornot1]

That is what they said. So they just told us that their prosess only works half as good as they had hoped. Quite a let down.

[bailey2]

I don't totally agree with your assessment. I can remember way back when Pendura said that they would start with one shift and advance to 2 shifts per day. Therefore, at 2500 pounds presently and going to a second shift per day, they reach their objectives. As long as the recoveries are 95 per cent for one shift which they are aiming at. It was never planned to have 2 shifts and produce 10,000

[PinkCow]

Don't forget that they are sitting on a $2 million debenture (with no restrictions on early redemption according to the note) that they could use to fund the operation. I'm not sure why they ever lent the cash out in the first place but it seems like a questionable decision....unless they gave it to Davis to secure his participation.

[Investornot1]

Thank you baily2 I don't remeber ever hearing of a second shift being involved with reaching the quota. I feel much better now.

[Therancher]

Correct !  So why wouldn't they ramp up to 24/7?? Shutting that system down based on the type of material we are running (in my mind ) would run better if it never shut down. Only shut down every few days for a few hours for maintenance and cleaning. Does anyone with processing experience have an educated opinion on that ??? The revenue RGX could generate based on that would be amazing