Regenx Tech Corp. C.RGX

Existing Shareholders

[BrandNewGuy2]

Are existing shareholders really going to give these guys $3.3m?
Like Baily said, what happened to the Debenture money
How is our burn rate so high now
If we are breakeven in 3 months then why ask shareholders for 1 year of funds, why not only 6 months?
Do the numbers even work anymore?
I have no idea anymore whether or not this is another ETI or something real.
Why not have some shareholders visit the site to report back to the shareholder base?
And what really frustrates me are the leaks in the company, before the debenture there was a ton of selling, so someone knew something and now before this latest fiasco someone was dumping tonnes of shares again.
I really really dont know anymore, I have lost all faith.

[djstone56]

BNG2...For what it's worth, I'm a long time shareholder with a decent-sized position.  I was in Tennessee last week and arranged with Greg to tour the facility.  Rick spent close to an hour with me explaining the process and answering my questions.  I also spent some time with the plant supervisor.  There was an issue with the auto feed system a few weeks ago, that

[BrandNewGuy2]

Thanks for the update DJ

[lscfa]

Rights circular says w/c at Feb 29 is $252,777. Where did the Dec/jan financing money go? I think they increased staff to train and operate plant and spent money on equipment additions/modifications. Now they will hire and train a second shift of employees. Mgmt should be more transparent if they want participation in rights offering.      

[lscfa]

My guess...   W/c sep30/23 (135,352) Financing proceeds 3,266,623 Dec qtr cash burn (1,200,000) Jan/feb cash burn (1,000,000) Equip Oct to Feb  (678,494) W

[BurconNutriFan]

You and bailey can't figure out that a rights offering is not really a consolidation. You end up with the same number of shares after. Isn't bailey the same guy who thought the refineries would subsidize rgx if it couldn't make money? Pathetic. And he posted on CEO last month that rgx should have hired a pitchman, so he still doesn't understand there is nothing to pitch until the

[canuck1326]

THe RO and consolidation are two separate events. In this case they decided to do an RO followed by a consolidation.  Therefore if someone doesn't particpate in the RO they will see their position consolidate on a 1 for 2 basis.

[BrandNewGuy2]

There was already one post stating that this was two seperate events and besides that it still requires existing shareholders to pony up $3.3m.  Maybe your the senile one if you are ok with all of this.

[BurconNutriFan]

You have the wrong idea of what a consolidation is, but I'll explain it after the rights closes in May. I was hoping to have 5 more years of peace but will have to wait until then to be able to forget this board.

[Therancher]

And ok then Nutty Fan................your right about one thing........this board is driving us all to drink!!! I brought BATMAN to these guys 2.5 years ago and he was way too smart for Greg and Don and he scared the living h e l l out of them. Had BATMAN been kept around.................we would be at $100M revenue and min $1.00 share price.  Its funny because I just talked to BATMAN last

[canuck1326]

don't think this was in reply to my comment but the other guy because I am definitely not ok with the RO.  It is a very coercive way to raise capital in my opinion If, hypothetically, no one took part in the RO they wouldn't raise the money.  They then likely wouldn't proceed with the consolidation (at that point in this hypothetical situation there are host of other issues)

[Therancher]

Hey bud.................I have 7,000,000 shares!! You gonna lend me $55,000 to keep all 7M of them???? All we need is money and.............read the board and listen, a 3 rd RO is not acceptable to MOST here. Check your facts .......I doubt very much that was the intent of baileys remarks. i suppose you think managent is equal to Batman as well. Talk about senile................ RR i have many

[BigGrayCat]

Totally disagree with Burcon. There are 2 distinct phases. First is issuance of Rights with each right convertible to 1 share of stock at the published price of $0.0075. If fully subscribed, it will double the number of RGX shares. The 2nd phase is a consolidation of RGX shares which reduces the number of shares in half. If a shareholder holds 1,000,000 shares today, and does not participate

[Chrysteria]

Nailed it BGC, we have been burned by these clowns one too many times now and all I see is that we have a ETI number 2 on our hands.  The fact that the liar Pendura would even suggest this just shows that he could care less about the shareholders.