RDX Technologies Corporation (RGDEQ)

[Renee]

RGDEF changed to RGDEQ, bankruptcy.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[mahalo182]

Someone smarter than me help out, is this anything? Danzik is now pushing QEGY ie.energy is their website. Does that mean they’re abandoning rgdef? Will they try to merge? I know a few on here we’re thinking that he’d try and use this ticker for a venture in AZ? Thoughts?

[bigbasslur]

It looks like someone is slowly accumulating stock but doesnt want to pay up for it. Thats just an observation.

[mahalo182]

Any new updates? Been watching the bid/ask and not much movement. Want to get in if something is in the works.

[Sobek]

Ridgeline Energy Services alive and well... watch for filings to hit

BK Done and dismissed
Shares still intact
AZ SOS Business License Reinstated and ACTIVE

Report here released yesterday

https://nysenewstimes.com/water-management-services-for-the-oil-and-gas-market-2020-top-countries-data-global-analysis-size-growth-defination-opportunities-and-2026-forecast/

The key players covered in this study, GreenHunter Resources, Nuverra Environmental Solutions, Ovivo, Schlumberger, Veolia, Aquatech, Layne, Ridgeline Energy Services, Severn Trent Services

[Sobek]

Yeah that video is from 2013.

[Sobek]

I don't know how accurate this is but if it is, means they reinstated the Calgary, Alberta Business license as well

https://beta.canadasbusinessregistries.ca/search/results?search=%7Brdx%20technologies%7D&status=All

[Sobek]

I been digging in and the Ridgeline family of businesses was thriving before the oil crash and the RGDEF bum deal Dennis signed off on.

It took a couple years for most smaller companies to pull out of the crash but with the CWT deal it took RGDEF longer

All DD points to its free and clear of debt now and imo I really don't see Tony letting RGDEF go by any means.

IMO it would be foolish to bring RGDEF so far after 2014 and just wash it all away and he doesn't come across as a fool by any means

[bigbasslur]

Yea you may be right this looks old judging from the youtu video.

[Sobek]

I don't think so because the day the volume spiked was the same day Tony got the AZ state license active

[bigbasslur]

I saw this but didnt get it. It may be MAYBE that this freight collector agency has something to do with this stock uptick?? Just guessing here, Im trying to get back up to speed on this one that I thought was XXXX.

http://referral.aviva.co.uk/renewable_environmental_solutions_llc.pdf

[Sobek]

Sorry for the last post, just very aggravated because I can't access my trading platform today... it's a worldwide issue because of the coronavirus bum rush to the market

[bigbasslur]

CDEL is on the bid, Citadel I think.

[Sobek]

What mm is on the bid? Friggin L2 down on my end

[demonsmith]

Everyone might want to pick up some and put theme away

[demonsmith]

It will move fast when merger news comes

[Sobek]

Seems like only 3-400k shares floating around, there was 93k at .075 Friday, after that if ppl hold, yeah, it could move very fast imo

[demonsmith]

It really thin float 100k shares can move it fast

[demonsmith]

Big things are coming here

[Sobek]

That was 6 years ago

[swanlinbar]

RGDEF one for 6 reverse split: Be Careful Screwed Shareholders last time around!

http://www.otcbb.com/asp/dailylist_detail.asp?d=10/09/2014&mkt_ctg=NON-OTCBB

[Sobek]

If you look at the financials from 2014 back to 2009, they always had millions in assets, revenues, and shareholder equity.

The pps always traded in dollars and the o/s was never less than 29 million, right where it was last reported and hopefully still there.

Point is Tony knows what he's doing and imo he's ready to do it again.

[Sobek]

I have to agree. Tony didn't put in 5 years and 2 BK's to clean it up just to walk away.

[demonsmith]

I'm sure merger is coming

[Sobek]

It went active on January 17 this year.

[Sobek]

Yes, I read it was $33 million. I also saw the latest case filing with Dennis was filed just last October and I caught up on the main parts of the whole case.

Personally I think Dennis walked into a bad deal because CWT saw the oil crash coming and he didn't. Then he figured it out and got pissed and it's snowballed into what it is now.

On one hand Dennis may have been negligent, on the other hand maybe CWT entered the deal with ulterior motive, maybe both. But it's been over half a decade and that's besides the point for RGDEF.

Forget about the plant, it's gone. Forget about Dennis, he's gone. Dennis even referred to RDX in a CWT case filing from just 2 years ago as "a now-defunct corporation" and on a separate occasion made a statement himself that RDX fired him in 2015.


So what matters now is this. In Nov 2018 RGDEF's last BK was dismissed with prejudice. In April 2019 the case was terminated and ordered to be closed and released from the trustee.

The last balance sheet filed with the courts the same time the case was dismissed was signed by Tony Ker as CEO.

It states zero assets and only $47k in reorganization expenses as liabilities. Tony's comments are

What steps have been taken to remedy the problems which brought on the chapter 11 filing?

"RDX has and is lining up clients."

"While one agreement has been approved by the court the length of time it took for approval gave the client cause pause until the PLAN has been fully approved...citing potential for continuity."

"The other main reasons are; Improving Oil and Gas market and strength of clients, current negotiations with clients ongoing."

His next step was to get the state business license active, which he did last month, and ACTIVE status finally showed up. This means they can legally do business again.

There's no question this is speculative play right now but, this pps is where the real money can be made trading pink sheets because there's material events that makes stocks like this soar.

In this case it's starting with a BK dismissal, business license reinstatement, knowing the company is staying in the business they are well seasoned in with a proven track record (Tony's comment on the improving oil and gas market and Q's filed pre 2013), and they already are lining up clients.

A little more speculative is Tony is the CFO of Ridgeline Canada. Doesn't necessarily mean they will merge in but it is a possibility. But even if not we know Tony knows this business and has huge connections in it.

Already to our advantage is the ticker is considered current because of international status. Also because they're incorporated in Canada the shares stay intact, they don't get washed out after the BK.

What all this means is Tony just needs to bring in the merging company.

The only thing I'm waiting for is the updated share structure. They did the r/s after the CWT deal went south. Smart because it squeezed a lot of shares from them if they even still have them and it also got the o/s way down. Bad for previous holders, great for new investors imo.

But I'd like to know where the shares are now. If the o/s is still only 29 million, that would be nice, especially if he brings in something doing say $25 million a year in revenues and growing.

So that's my point. I know you said you been here for a while and I know that sucks. But in my opinion it does indeed look like things are about to change.

[bigbasslur]

RDX did acquire the CWT facility for I think 30 million. Which was cash and stock. Once they acquired it, Danzik said that the place was not producing like it was marketed to be. GEM said it was. The CWT plant was due to receive money from the federal govt under the renewable fuel act. Danzik was supposed to give the money to GEM but he didnt because he said the plant was not producing a renewable fuel that met federal guidelines. So the whole thing went to court, and has been there since.

Tony Ker was always there as a board member and officer. If he is keeping the name active it has to be for a reason. If this stock is going up in price its possible that Ker is going to try to take over RDX and get it up and going again. There are shares out there and there are assets associated with those shares.

Just some random thoughts and my opinion on stuff. Im not a finacial advisor either, so please do your own due diligence.

[demonsmith]

I was trying to find update did he do it January of 2020 or January of 2019

[Sobek]

Looks like Danzik tried to take it over hostilely in 2013 right after they aquired it, got sued, never showed up to court, and the judge finally recalled and vacated the case in Sept 2018

Who has it now... anyone's guess but I'd think RDX still owns it

Appears Danzik is in WY now working for Inductance Energy

[bigbasslur]

Here is the link to the website.

https://www.changingworldtech.com/

[Sobek]

If you dig it up let us know

[bigbasslur]

What about the CWT plant in Carthage they paid 30 million for? They updated the website a couple years ago but then I heard nothing.

[Sobek]

Volume nearing 100k again, I think it's starting to catch on

https://ecorp.azcc.gov/EntitySearch/Index

[Sobek]

What we know is RGDEF, Ridgeline Energy, and Ridgeline Canada were all related companies

Of the three Ridgeline Canada is still in business and doing somewhere in the neighborhood of $20-$25 million a year and has 5 locations and as of right now is privately held

https://ca.linkedin.com/company/ridgeline-energy-services-inc-

Tony Ker is the chairman of RGDEF and also the CFO of Ridgeline Canada

https://ca.linkedin.com/in/tony-ker-63274332?trk=people-guest_people_search-card

After being inactive for like 4 or 5 years, last January Tony Ker reinstated the AZ SOS business license...

So the speculation based on the volume over the last month, the bids reluctant to drop below .03, and the AZ reinstatement is that it appears very possible they may be taking Ridgeline Canada public through the RGDEF shell

It makes sense imo because they already own the shell, Tony Ker is the chairman of RGDEF, and he also sits as CFO of Ridgeline Canada

Hope this helps. It is a speculative play but the pieces line up pretty darn good imo.

[bigbasslur]

So what are they worth is the question?

[demonsmith]

Yes

[bigbasslur]

Are we suspecting a merger here?

[swanlinbar]

Older company board page https://investorshub.advfn.com/RDX-Technologies-Corp-RGDE-27224/

[demonsmith]

I'm surprised more people have not found thos one

[Sobek]

Yep and you're right, dollars easy if this pans out

[demonsmith]

In due time we find out

[Sobek]

I dug around on Ridgeline Canada and they and Ridgeline Services keep popping up in market performance reports released as early as just a few days ago... again, don't know how substantial this is but I did run across RL Canada's revs and they were well into the $20m range

[demonsmith]

Could be big merger coming soon we found out if does happen I could see this one going to dollors with the float and that company moving in

[Sobek]

Don't know how substantial this is but, RGDEF's OTC's company profile has a logo that says Ridgeline Energy Services Inc

Ridgeline Canada has the same logo

When I did a search on Ridgeline Services, I ran across the profile on Manta, the link on there links directly to Ridgeline Canada's website

It's right under the company Contact plus the address match RGDEF

https://www.manta.com/d/mb4tgsb/ridgeline-energy-services-usa-inc

[Sobek]

I just snagged a few moving the bid up but sm1 loaded more, I'll wait for them to get tired and sell, still time here imo

[demonsmith]

I have couple bids in

[Sobek]

Lots of small ask blocks and AON's above best bid... been like that for a while

[demonsmith]

It seem like something is coming

[Sobek]

Yeah, I just joined the bid @ .0199

[demonsmith]

Ok so about month ago