Post by PressRelease on Mar 26, 2024 6:00pm
New Press Release - Regenx Announces Rights Offering and Share Consolidation
Comment by
lscfa on Mar 26, 2024 7:16pm
A rights offering at $0.02 would have been do-able. Why $0.0075?. Mgmt bozos.
Comment by
lscfa on Mar 26, 2024 7:21pm
Management of the Corporation expects more than 75% of the Rights to be exercised and therefore expects that the available funds under the Offering will satisfy the Corporation’s anticipated expenses for more than the next 12 months.
Comment by
lscfa on Mar 26, 2024 7:28pm
Mgmt needs to take a pay cut.....
Comment by
lscfa on Mar 26, 2024 8:24pm
Maybe $0.0075 to entice debenture holders to convert at $0.05 and particpate in rights offering. ( $0.0075 + $0.05 ) / 2 = $0.02875 vs. current sh price of $0.025