Regenx Tech Corp. C.RGX

Any update?

[Ballsofire]

It sure would be nice to receive a damn update now that us shareholders gave the company another 3 million! Anything! Any production, I assume Davis is competent to acquire feedstock do we have any? If so is the first shift running? Is anyone hired for the 2nd shift? I'm sure everyone continues to get paid, and I want to know for WHAT!

[on-target]

Ballsofire, I think our company said end of summer (late September), is when 1st and 2nd shift will be set to run. Why so long to set this up? I think it's why we love our company's management so very much.    At least they could have told us why it takes them a whole 2.5 months to hire and teach 2nd shift to do this, mostly manual labour job. Don't you think

[on-target]

Filed 2024-07-10 18:55 Tx date 2024-07-09   Fair, Robert J 5 - Senior Officer of Issuer Direct Ownership        RGX's   new   Vice President, Operations just spent his own money on RGX   $37,500 +750,000 vol $0.05 each Then can we take it that Bob Fair spending $37,500 of his own money on RGX is him saying he has a

[lscfa]

Wrong. Fair was granted 750,000 5-yr options with exercise price $0.05

[on-target]

Iscfa, just saying "Wrong" is a broad statement, what do you think I am i wrong about? https://www.regenx.tech/news-releases/regenx-appoints-industry-veteran-bob-fair-as-vice-president-of-operations "On commencement of employment Bob will be granted 750,000 stock options with an exercise price of $0.05. The options will have a life of 5 years and 25% will vest immediately and the

[djstone56]

I think what he meant was that Bob Fair was granted 750k options at a 0.05 exercise price, as part of his hiring package.  He hasn't paid a cent for them yet and in all likelihood, won't exercise them until the s/p is greater than 0.05.  Options are a low risk incentive bonus for management and board members.  In this case, they're good for 5 years.  If the s/p

[on-target]

djstone56, Then what was tthe $37,500 for +750,000 vol $0.05 each listed on "SEDI Insider filing browser" as of, Filed 2024-07-10 18:55 Tx date 2024-07-09 Looks to me that he already already exercise 750,000 of his stock options for $37,500. https://ceo.ca/RGX What does the $37,500 for + 750,000 VOLUME  next to his options on SEDI Insider filing mean, as seen on CEO.CA ?

[on-target]

Just talked do Greg. I was wrong. Bob Fair didn't exercise his options. Greg doesn't know if BOb will buy any common shares. If he did it would give us confidence. BTW, Greg said Bob has been giving info to RGX for some time now. But he still didn't buy any RGX stock. He's a really bad confidence maker. Makes me think he doesn't have confidence in the plant. He's just

[bailey2]

Don't know the circumstances of Bob Fair leaving a multi-billion dollar company, to take a job at Regenx. However, taking emotion out of the equation, he was issued 700k shares and also 700k options. (sedar) Probably not neccessary to buy any shares after one week on the job. Maybe he did, who knows. One would think that Regenx did due diligence for months before hiring him, and could have

[bailey2]

Don't know if Robert Fair was given the 700k common shares but Sedar lists them as Direct Ownership along with 750,000 options granted.  It was nice to see all management and BOD participating in the RO.  A member of the BOD also participated in the last debenture and also management.  Weatherbee with the debenture ( sedar filings Jan 30/24 - 230,000 and the recent RO has put in

[djstone56]

On-target.  I'm not arguing with you but I believe that the $37,500 is the value of the 750k options that he was granted.  If he exercises those options, it will cost him $37,500.  Why would he pay 0.05/share now when he could buy those same shares for 0.025 or 0.03 on the open market?  dj

[on-target]

Good point djstone56. I did the math too. You're right. Until now I didn't know how stock options worked.

[lscfa]

Just had one on June 24.... 2 to 3 weeks to acquire feedstock. 

[Ballsofire]

Thanks iscfa, where did you find this info? Thanks

[lscfa]

https://stockhouse.com/companies/bullboard/c.rgx/regenx-tech-corp?postid=36104261