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Looking at this stock after the news. Maybe late, buyt long term thinking it still might be a good play
But - I have a question for those who have been around this longer than me (everybody).
What about this? This seems like s kick in the groin to the average shareholder. Does it not?
"the current Bridge Warrant exercise price (the “Exercise Price”) of
$4.25 is amended for a period of ten (10) business days beginning
February 3, 2023 and ending February 16, 2023 (the “Limited
Period”), during which period the Exercise Price is set at $1.00,"
Allow the PP people to buy shares at $1 instead of $4.25, which they originally agreed to? How does this affect the ret of you guys? It's one of the yellow (maybe red) flags I see on this as I do my DD this weekend on the company. SO asking what you guys think of it. TIA.
Yes, there were two closings in Toronto. CLosed January 5 2022 through March 2022, with partial open on January 31 2022 but not enough.
The Ford government put those restrictions in place on Jan. 5 to slow the spread of the highly transmissible Omicron variant, which touched off a surge in COVID-19 cases, hospitalizations and deaths.
"Their OS a lot lower than ours"
irrelevant. I didn't talk of PPS. I talked of market cap. If we did a 1 for 5 reverse, our price would be 5 times higher, true? Our market cap? Exactly the same. When evaluating what a company is worth, the market cap many times is more important than the price. The price just is determined by any splits or reverses or whatever, The market cap takes that into account and gives the total value of the company. I look there often.
FLGC has a $53 million market cap. We are trying t get to $3 million. Question ... are they 18X the size we are as a company? Nope. Are their earnings going to be 18X ours this year? Nope. Tells me we are undervalued. And we too shall have a pop when the news hits. Maybe not to $53 million market cap, but a BIG move. Yeah ... I think I just convinced myself to buy some more tomorrow.
Once the plant goes live and revenues start coming in, I think this has a great shot for a big boost. Granted, I think they will need some more money, so they shall dilute some, but even with that the gains should outweigh the dilution and I see a LARGE increase coming. Hopefully.
I'll take all I can in the low 5's. As will others. So it won't stay that low when it goes there. Like today.
Good job. Now .... with your buying done, the sellers that made today already a flat day will look and see it start to drop, and I bet there is a rush to the door. Drops us back into the 6s from the 8s. But long term your buys will be good. For now, might see a pull back as people take profits based on your moving the stock up. Already saw one or two saying they are looking for exit points. I still don't think they will exit below 6s though, so don't see it going lower than that. Hopefully.
"Could someone have gotten a “Hint” a"
Read the board first. We had someone say he was going to buy and buy a lot, and right after that he started buying and every time he said he was not done and buying more it would happen. So I think he was honest. So we had a buyer. That's all. NO "gold". NO insider information on earnings. Just a buyer. That's what makes stocks go up when there are no sellers.
The way I see it, this is a stock with good and growing revenue, and a net PROFIT, and even after today's rise it has a market cap of only 3.6 million. WAY undervalued even at this closing price. I kick myself for not buying more the last few days. I was keeping it at $.005 for much of November and then $.004 and $.0045 for much of December (that was me on the bid for a lot of that) and then I let it drop and said I'd buy it after some good buys early this year, the first few weeks. Missed it. But glad for what I bought, and NOT selling since as I said, the market cap is still WAY low compared to the growth and POSITIVE NET earnings they are showing. Way low!
Thanks Fly. Good to have you adding today. I think it is a smart move, and the price is (was) right,
Me too.
True longs will invest for the increase down the road, as the co pay grows. Flippers are concerned about the now only. And investors are mostly more concerned about the company growing g and succeeding, moreso than just a spurt in stock price so "they" can sell at a profit. Focused on the success of the company. In true terms, instead of the stock price "by any means". But we can agree to disagree. gotta run, so let's both hope for the price to go up. GLTY. Merry Christmas.
"Bill's only job is to produce an increase in the share price."
"Bill's only job is to increase the share price BY ANY MEANS POSSIBLE."
Sorry, but that's what a scammer does. He pumps things that aren't true, raises the stock price "by any means possible", and ignores business as he focuses on the stock instead.
Bill has tripled our planting acreage, is working on expanding the brand, signed nice contracts to distribute the product, and done ... BUSINESS things. Not pumping the stock. And you think because the stock price is down he should get no compensation??? Your priorities are out of whack. He needs to be building the company. And finally that looks like what he is doing. IN the meantime, until the price finally reflects what he is doing, the cheap shares are a blessing to someone picking them up. The rest of us, who own higher? yes we have to wait. But he is growing the COMPANY, not the stock price, and the stock price should follow. Should already be higher, but it is where it is, so I'll wait. And let him grow the company bigger. Profits bigger. And hopefully stop growing the OS bigger. HA. Then the stock will follow.
By the way - for a CEO to do things to move the "stock" price up, instead of the "business, the SEC calls that manipulation. Granted, they don't ENFORCE it, as seen by all the pumps out there, but still, it's not Bill's job to manipulate the stock. Just grow the company.
Not even close.
<< a CEO's main responsibility is to promote enthusiasm for his business plan.
>>
Reality?
"CEOs are responsible for managing a company's overall operations. This may include delegating and directing agendas, driving profitability, managing company organizational structure, strategy, and communicating with the board."
And they don't mean "this" board when they say communicating with the board. LOL.
No, just Facebook. I'm old.
And one more put out Dec 5.
DECEMBER 5, 2022
REGENX TECH CORP (TSX.V : RGX | OTCQB : RGXTF | FSE : YRS)
Despite the need to accelerate the circular economy, only a relatively small percentage of precious metals come from the secondary market. Now Regenx Tech Corp (TSX.V: RGX) (OTCQB: RGXTF) , with its new processing technology has an opportunity to change the game as it commissions its commercial-scale plant to extract platinum, palladium and rhodium from diesel catalysts.
Each year, about 90 tonnes of platinum, 300 tonnes of palladium and 30 tonnes of rhodium are used globally for catalytic converters – both diesel and gasoline. But only 30-to-50 percent of this comes from recycling.
Extracting precious metals from spent diesel catalysts in particular is by no means a clean business. Smelters started getting a bad rap with the result that they began refusing to take in diesel catalytic converters. This has opened massive opportunities for companies like Regenx Tech Corp’s (TSX.V: RGX) (OTCQB: RGXTF). Their new processing plant is a fantastic example of CleanTech that aims to make the recycling of platinum and palladium more efficient.
With carbon emissions and ESG standards now regarded as major risks for new mining companies, the recycling of end-products and re-mining of old tailings dams and mining dumps are looking more and more attractive for new start-up companies.
Exploration and the establishment of new mines are certainly no longer the only way to extract minerals and metals. Greenfield exploration and mining projects have become more expensive, a lot riskier and its environmental footprint is expanding as more projects come online to satisfy increased global demand.
On the other hand, recycling projects in Europe, North America and Canada, and re-mining operations, especially of PGM’s and gold in South Africa, have ensured a steady flow of dividends to its shareholders, while, at the same time, have not burnt holes in the pockets of its owners in terms of operational costs.
What has become known as CleanTech products, are a lot more environmentally friendly than traditional mining, while being a pivot around which the circular economy operates.
The costs of finding new deposits and mining them have increased exponentially over the years. At the same time improved mining methods and new technology made it possible for recycling companies to extract the same minerals and metals at a fraction of what big extractive companies have to dish out to keep their projects operational.
The problem with recycling minerals, metals and waste items like tires until very recently, was not only the amount of carbon the smelters and processing plants spewed out in the recycling process, but also their insatiable demand for a steady supply of energy. Technology has addressed this problem to a large extent.
Regenx well positioned in circular economy
Regenx is positioned for growth in the CleanTech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters with its business partner Davis Recycling.
Close to 80% of the world’s palladium and 50% of the world’s platinum are used in catalytic converters annually. Worldwide, catalytic converters require more than 13 million oz of platinum and palladium per year to meet the exhaust emission regulations for gasoline.
According to Pendura, there will be a mind boggling twenty-seven million spent diesel catalytic converters per year in the USA alone. Even more outrageous, is that only 30% of those converters will eventually be recycled.
It means that there are unthinkable amounts of platinum and palladium locked up in these catalytic converters. Pendura says that close to 50% of the annual global platinum and palladium production is used in diesel catalytic converters.
“Processing technology that will be able to extract precious metals like platinum and palladium in a CleanTech environment will be well received on North American soil,” says Pendura.
This is ground-breaking technology, and Regenx is first to the market. Their commercial plant, once in full swing, will produce approximately ten tonnes of spent converters per day and revenues are expected to exceed USD 100-million. These are phenomenal numbers from a business perspective, considering that the recycling of converters is currently (with old technology) worth more than USD 25-billion.
Not only that, but there is bound to be a great pile of spent diesel converters lying around with nowhere to go, and Regenx and Davis Recycling plans to mop these up.
PGMs are notoriously difficult and costly to mine, and extremely complex to process. Its environmental impacts are not always mitigated effectively. Unless, of course, it is recycled from used diesel convertors or reclaimed from historic mining waste dumps.
The green economy has opened-up numerous opportunities for innovative solutions to solve environmental problems. Regenx and Davis Recycling, its business partner, recently tested a 100L pilot plant, and has shipped it to Tennessee in the upper south of the USA.
Davis Recycling has put in place the required infrastructure to allow for a smooth transition to an operating facility. This has included the addition of more processing equipment that will convert the raw catalytic converters into the powdered feedstock required by the Regenx system. The new equipment allows Davis to process feedstock exceeding the commercial plant’s anticipated capacity.
Over the last decade, PGMs have been consistently short on supply. The world’s mining operations alone cannot meet or sustain global demand for PGMs. This has created space for recycling to help meet the shortfall.
With more focus on climate change, biodiversity, circularity, rehabilitation and ESG standards, research and development in the circular economy, especially in the recycling sector, will become critical in the economic transition.
Management is getting more outspoken. Been quiet a long time, but now putting thins out, as they get ready to start actually running their fist module.
From Dec 2.
The circular economy is fully underway, but often reuse and recycling requires a highly pollutant process, negating any sort of positive gains.
This is the current case with traditional methods of recycling autocatalysts where smelting is the dominant commercial process used to recover precious metals such as Palladium (Pd) and Platinum (Pt) from used catalytic converters.
Regenx has tackled this problem head on - and has come to the market with an environmentally friendly and efficient process to recover these precious metals.
Interested to learn more? Watch our video to see how Regenx is playing its part in bringing about environmental change.
AN update on events from Management 12/1
https://mcusercontent.com/b8b7ca1d0dd37dfb5a4aed93e/files/94083f28-e636-7fb9-f115-8eaa3d1ed8d9/Regenx_Tech_Corp_Shareholder_Update_November_29th_2022_2_.01.pdf
text here.
Shawn Mehler - Corporate Communications
shawn@regenx.tech
(403) 360-2238
The Future of Precious
Metal Recovery.
www.regenx.tech PO Box 23135 RPO Citadel
St. Albert, AB T8N 6Z9
Shareholder Inquiries
Corporate Structure
As most of you are probably aware, as of October 31, 2022, Mineworx Technologies has officially
become Regenx Tech Corp. and the trading symbol in Canada on the TSX-V is now RGX and in the U.S.
on the OTCQB it is RGXTF.
The name change reflects our on-going transition from a traditional exploration company to a mineral
processing technology company. Even though technology has been part of our business model the
name “Mineworx” created a confusion regarding our strategic focus of a clean-tech platform. The new
Regenx brand reflects our efforts to market ourselves in the technology sphere which is being well
received in the marketplace. With the disposal of our Spanish exploration property, it was the right
time to fully embrace our future in the eco-conscious sphere. The rationale for our new name and
logo was recently communicated to our shareholders here.
Along with this, we have recently announced changes to the Executive Management Team. Don
Weatherbee has been promoted to the role of President of Regenx and will be focusing more on the
day-to-day operations as we move from a development to an operational focus. Don has spent over 7
years with the Company and has contributed admirably beyond his CFO duties and responsibilities.
He has the proven skill set and leadership abilities to build the team to meet the Company’s
expansion goals and objectives.
www.regenx.tech
Emily Richardson CPA, CMA joined our team as CFO. She brings a broad range of experiences and
skillsets that will support our expansion and growth initiatives. Financial controls along with system
formulation and implementation will be a large part of her responsibilities that are paramount in
successfully graduating to a commercial operation and expanding beyond that.
Shawn Mehler has also joined Regenx and will be managing all the communications between the
company’s corporate management and its investors. He will be responsible for releasing information,
handling inquiries and meetings and providing feedback to management. He can be reached at
shawn@regenx.tech or 403-360-2238. This appointment is part of our effort to initiate new programs
to expand the viewership of our corporate story as we move closer towards commercial production. I
believe our focus on these dedicated marketing initiatives will result in new energized shareholders,
both nationally and internationally, who will want to be part of our corporate story and share it with
others.
On a personal note, the past few years have taught me and many others the importance of a work/life
balance. Being a healthy, proud Grandpa has made this even more apparent. With the elevation of
Don and additional new team members, this will allow me to better achieve this new balance in my
personal life, while I remain fully engaged and committed to the future success of the organization.
The corporate infrastructure within the Company is going to continually increase as we build the team
to meet our objectives for Module 1 commercialization and transition into a 4-Module facility. Our
next large step will be growth within the North American marketplace and to set the stage for
international expansion. Each of these stages requires specific skill sets being added to the team to
ensure we are on the path to maximizing shareholder value.
Our background in technology development within the mining industry, including equipment
development, patents and know-how has brought us to where we are today. Without this experience
and technology development we could not have accomplished what we have to date within the
catalytic converter industry. We have come to a point where we had to decide where was best to
devote our resources and made the decision that we should exit the mining sector and focus
exclusively on the Clean-Tech opportunity.
www.regenx.tech
Operations
Our R&D and technical teams have done exceptional work from the onset in our journey to
commercializing the recovery of platinum group metals from diesel catalytic converters. This journey
started at the beginning of 2020 when we began investigating the potential of the catalytic convertor
market by hiring Fabricio Maia P. Eng., M. Sc. to lead our research team. In a period of less than two
years we have taken the concept through successful lab scale research, successful pilot plant
fabrication and operation, to completion of the commercial plant design.
This should be viewed as a tremendous accomplishment in normal times, but our group has done this
during a worldwide pandemic that had negative effects on both the ability to get work done and
secure parts and supplies due to supply chain disruptions.
As we move closer to the goal of commercial production, Rick Purdy, President Regenx USA, will
continue to add individuals to his operations team in Tennessee. We are now preparing our new
20,000 sq. ft. location for the installation of Module 1. This location will eventually become our first
facility housing a complete 4-Module operation. To date we have been successful in fast tracking the
permitting process for Module 1 while also supporting our long-term strategy for a 4-Module facility.
www.regenx.tech
All major components for the fabrication of Module 1 are scheduled to be delivered by the end of
2022 which will allow for construction and commissioning to occur in Q1 of 2023. Based on our start
up experience with the pilot plant, we project initial commercial production to commence in Q2 2022.
Future expansion and growth plans are currently underway and will be disclosed upon the successful
confirmation of results from Module 1. Our growing team is positioning us to fully scale this business
and significantly impact shareholder value. Understanding and planning for our projected growth is
paramount in maximizing this value.
There are questions regarding more detailed information on our projected economics that we are not
currently releasing publicly. The rationale behind this unpopular strategy is that the largest factor
contributing to plant profitability is the price we pay to purchase feedstock. Our partner has
requested that we keep information regarding potential margins initially out of the public domain
allowing them increased leverage in negotiating supply agreements for anticipated needs.
Pilot Plant
Very early into pilot plant operations it was decided not to try to make it a revenue source but solely
as an information gathering tool to better prepare us for the design and operation of Module 1. We
have focused on enhanced recoveries and improved efficiencies within the overall operation of the
system. The process that is planned for Module 1 is substantially different than the original design of
the pilot plant. The learnings from operating the pilot plant and being able to engage in batch testing
new concepts from the research team has allowed for robust stress testing of the design and
processes. This is saving us time and money.
As mentioned previously, the pilot plant will continue to operate even once we are in commercial
production. We are constantly evaluating and attempting to improve multiple factors such as
chemistry enhancements, operational efficiencies including cycle times and so on. The benefit of a
modular design is that we can make adjustments on various areas without the necessity of a complete
facility change.
The experience with the pilot plant showed us that we are able to begin the construction of the
commercial facility in a modular manner. This modular design reduces upfront capital requirements
and expedites the construction process. Once fully operational, the modular design will enhance the
mechanical availability and operational efficiency of the plant.
www.regenx.tech
Iron Bull Mining
The Iron Bull Mining team reached two important milestones recently. First, they completed the
purchase of the Okohongo Copper Project in Namibia from Thunder Gold, previously known as White
Metals. Completing this transaction allows for Iron Bull to list as a stronger company with ownership
confirmed for both the strategic assets the company was pursuing. The second milestone is that Iron
Bull has finalized the method and exchange for listing the Company. They have entered into an
agreement with AAJ Capital 3 Corp. to list the company on the TSX-V through a qualifying transaction
byway of what is commonly called a reverse takeover (RTO).
The Okohongo deposit sits on the western limb of a shallow synclinal structure that outcrops to the
west and east in Namibia. The Cu-Ag deposit is considered analogous with the stratiform sedimenthosted Central African Copper belt deposits of Zambia and the Democratic Republic of the Congo.
TECT Geological Services has been appointed to undertake modelling of the basin architecture,
remodel the current deposit, and generate targets for immediate testing. TECT has extensive
experience servicing majors in the DRC/Zambia copper belt and concurs that the Kaokoland shares
significant similarities to the African Copper Basin. In collaboration with Dr. Niel Pendock, TECT has
confirmed a significant target of approximately 10 km of potential bornite and chalcocite
mineralization along the eastern limb of the Okohongo syncline.
www.regenx.tech
The shallow occurrence of the copper deposit (up to depth of 250m) provides a rapid and costeffective drilling confirmation, which Iron Bull will be pursuing. Iron Bull will also pursue the
development of a small-scale mining operation targeting an initial production throughput of 30 ktpm.
Using a cut-off grade of 0.30% Cu and assuming 10% geological loss, the inferred Mineral Resources
(“MRE”) are reported as approximately 7.7 Mt grading 1.55% Cu and 26.77 g/t Ag with a calculated
copper equivalent (CuEq) of 1.82% Cu. The effective date of the Mineral Resource Estimate is August
11, 2021. The MRE was prepared by Caracle Creek International Consulting MINRES (Pty) Ltd. (“CCIC
MINRES”), South Africa, in accordance with current (2014) CIM Definition Standards on Mineral
Resources and Reserves.
On October 28, 2022, an Iron Bull transaction was announced with AAJ Capital 3 Corp a capital pool
company here. A capital pool company is a publicly traded entity that is basically a “shell” but is
financed and is looking for a viable business, known as a “Qualifying Transaction”. Basically, AAJ
Capital 3 Corp is providing the vehicle to list the company along with a cash consideration in exchange
for a percentage ownership of Iron Bull.
This transaction must be undertaken to meet Exchange requirements. Once all regulatory conditions
are met, the board of directors of the resulting issuer will be comprised of five nominees from Iron
Bull Mining.
The shares will be distributed to Regenx shareholders on a planned 20 to 1 distribution at the time of
listing. For Regenx to distribute the shares as a return of capital distribution, these shares must be
publicly listed for brokerage firms to accept delivery of them. Iron Bull/AAJ Capital are now in the
process of filing information with the Exchange regulators to obtain approvals for the transaction.
www.regenx.tech
This will impact Regenx shareholders. The record date will be set just prior to the completion of the
transaction, which is required to occur by February 28, 2023 or sooner. Any Regenx shareholder as of
the record date will be part of the Company’s distribution of shares by way of a return of capital on a
pro rata basis to the number of Regenx shares they own at the record date.
This is an in-depth summarization of the Iron Bull transaction, but necessary for our shareholders to
understand the significance and potential of this project. Their portfolio presently holds mineral
projects in Spain and Namibia and project financing has already been acquired for the copper project
in Namibia. There are aggressive work programs in place for the copper project which will continually
add value to the company. Iron Bull provides diversification with two high growth opportunities and
the true shareholder value will begin to emerge as work programs begin.
It has been a long journey from our junior mining beginnings to where we are today. The sale of one
of our mining assets in Spain years ago has given us the capital to begin the pursuit of
environmentally friendly metal processing technologies. Our initial pursuit was in the mining sector
and was primarily focused on developing environmentally friendly mobile equipment for gold
recovery from end of life or abandoned alluvial gold deposits. The necessity for a finer grinding
capability led to our development of a mobile patented grinding technology known as the X-Mill which
led us to the pursuit of recovering precious metals from the urban mining sector.
Looking back, each step taken by the Company has led us to where we are today. Without one step
the next one would not have occurred. Hindsight is always easy, but it does show that the decisions
made when forks in the road appear are the determining factors in the ultimate success or failure of
projects.
Thank you for your continued support and interest in Regenx Tech Corp.
greg@regenx.tech
Greg Pendura CEO
recent comments from management
Behind the Regenx Rebrand (name and symbol change)
"We have the ability to grow a large international business which will bring significant benefits to our shareholders and create a meaningful environmental impact.
Our business model has a strong competitive edge given the complex logistical requirements and the proprietary technology required.
Not only is this an immense economic opportunity, it will also create a lasting positive environmental impact on a growing global industry.
We are grateful for our shareholders investment and trust in our leadership team. I can assure you that our growing team is working diligently to create and grow shareholder value and steward our resources.
Put simply, this is an exciting time for the company and we wanted our rebranding effort to reflect that. Please click the link below to learn more about how we chose the new name, brand and logo."
- Greg Pendura, CEO of Regenx Tech Corp.
Just because a company is real doesn't mean it can't be used as a pump and dump. This company has some things happening that are positive. But .. a group of people saw the ASU deal, decided it was worth their time, bought a bunch of shares cheap, then pumped the stock. It went to 10 cents a share off their pump, then they sold. ANd it dropped from 10 cents to 3 cents in a WEEK.
That is the CLASSIC definition of a pump and dump. No one is saying the company did it. But yes, it was pumped. Look at the one month chart. Sitting at 2 cents. Then they start their campaign. Goes to ten cents fast. Then down fast. It absolutely was used. ANd you know what? most of those posters who were screaming it is going to the moon are GONE. Not posting any more. Well, not here. They are on the next one. They get in, exaggerate some real positive piece of news (like saying Walton's $61 billion is now behind the company. When ASU is giving ZERO money towards the deal. Only helping and consulting. the COMPANY has to come up with all the money) push it with excitement (Called hype) and then sell the hype they created.
Volume for past ten days? 23 million a day. We won't get near that, and soon will be back down to where it used to be. Look at the same 30 day chart. Volume has the same inverted V shape to it.
I'm saying that this IS a real company, it DOES have potential, and the future may or may not make gains. But the move from 2 cents to 10 cents back to 3 cents all in 2 weeks?? That's a pump and dump. And now that they are gone, the company can get back to normal business, at their normal price (or a little higher, because some new shareholders are here based on the posts of the past week, and they are not selling) and the names you saw posting 4 days ago? They finished another one already yesterday and are working the third one. Just reality. NOT a dig on the company. they had no part in the pump. But yes, this was used as a pump and dump.
I was a few days early, but yep, I thought so ...
"Is this the handoff from the pumps to the bagholders? The next few days will tell us"
Went higher than I thought, but now down over 50% since. Handoff almost complete.
Is this the handoff from the pumps to the bagholders? Or a breather with more to come.
The next few days will tell us. Pivotal point and time right now ....
"So you agree, a REVERSE SPLIT is needed to get the outstanding shares in line with the market cap?"
Dude - a reverse split does NOTHING to a market cap.
Look ... it's like this (but much bigger, of course)
100 shares of a stock at $1 = $100 market cap. do a 1 for 2 reverse. Now, it is
50 shares of a stock at $2. Market cap?? Yep, the SAME $100.
A revers would change the number of shares outstanding, plus change the price. But has nothing to do with market cap.
ANother way to put it. What company is worth more in market cap. ONe at $2 or one at $5?
Well, if the one at $2 has 100 shares outstanding, that give it a market cap of $200. If the one at $5 has 30 shares outstanding, that gives it a makret cap of $150, or LESS than the $2 stock. Market cap is both sides. Shares times price. Changing the share with a split or reverse changes the price reversely, and the market cap remains the same.
A reverse can help a stock at times. Most of the time though it hurts. Better would be to keep earning positive earnings, expand the company, get the earnings even higher, than do a share buyback or a reverse that allows the stock to get to a new level of market. Not right now though. I see a reverse right now as a negative. And no, it would not increase OR decrease the market cap.
I took dilution into consideration. Notice I didn't say the price is LOWER now than in 2013. It IS, but because Of the dilution, I used the market cap of the company. Mentioned it is HIGHER than back then, even with a lower price. And the market cap has not kept up with the value rise of the company, IMHO. That's why I said now it seems worth buying. Not the price, but the valuation. That includes dilution.
I think it is GREAT to compare where we are today to back then ...
<<
From the 2012 10k
Sales $148,034
General and administrative costs $1,605,766
Cash and cash equivalents $2,110
Total assets $68,947
Total liabilities $959,976
At .03 per share the company is valued at over $2,000,000, assuming no additional shares were issued since end of 2012. Ask yourself a question. If you had the money, would you pay $2mil for this company??>>
Nope. But now?
<<
During the nine months that ended September 30, 2022, revenues amounted to $1,250,351,>>
Ten times back then. For 9 months.
Assets an liabilities? You showed how bad it was in 2013. And it was! Now? Asserts are NOT $69K, and liabilities do NOT come in at 15X assets. IN fact ...
<<At the end of September 30, 2022, assets increased to $5,672,255, an increase of $1,151,378 compared to December 30, 2021. Our assets exceeded our liabilities by $1,512,470.>>
Almost 100 times the assets! And still growing. Again, just at 9 months, not the end of year.
<< We expect this trend to increase for Q4 of 2022 and even further during 2023.>>
Making a profit now too, for more than 1 quarter in a row.
<<Profit (Loss) from Operations. For the nine months ended September 30, 2022, net profit was $245,911 >>
Not close to $2 million in losses like back then. Infinitely better net profits. Quite the change. All that, and the company is now valued at $8 million, instead of $2 million. Only 4 times more in value, for 100 times more assets and 10 times more revenue and a POSITIVE earnings.
Do I think it was worth $2 million back then? Nope. It was overvalued, IMHO
Do I think it is worth $8 million now? Nope. It is UNDERvalued now, IMHO
So although I didn't own it in 2013, I DO own it now, and since Bill is saying things will be better in 2023, I shall hold on.
Oh, and with these changes, it actually has a PE now. About 40. Which is pretty decent, and if 2023 comes in significantly higher, as I think it WILL, that PE will contract. Although in reality, the price should rise, and the PE shall hopefully go even higher. I'd love to see it "overvalued" again in the future. I'd even sell it if it get there. But that's a LOT higher than where it is right now. SO for now I own it. Thanks to the poster who showed this from the past. it shows how much the company has accomplished, and how little it really has gone up in value compared to that progress.
The reason companies compare versus a year ago and not a quarter ago is because the business is cyclical. the same things happen in the same approximate time each year, so you can see if you are growing or not. But they do not happen every quarter. Some seasons you plant, some seasons you water and some seasons you harvest. As an example, you can't take a harvest season and compare it the next quarter where new plants are planted and say things are going backwards, because not every season is harvest season. But if you compare that new planting to the prior year planting and see that more plants are in the ground, more acreage is being used and more harvest will be coming the following harvest season, that is a positive. Even is quarter versus quarter is a revenue decrease.
That was a pretty good report in almost all ways. I dont know if it will move us tomorrow or not, but with the guidance going forward and the increase of spread between assets and liabilities, the future looks very good in my eyes.
Actually, the 10-Q for September 30 2022 were due Monday November 14th. That was today.
FYI.
"Non-Accelerated Filers:
10-Q: Due Monday, November 14, 2022 for Quarterly Period Ended 09/30/22
"
ANother question for you.
Back in February, they had a big annoucnement. Have they DONE what they were setting out to do witht hat deal? Or did they annoucne it as some future thing and then never follow through?
<<
Clean Vision has optioned the fuel cell technology from Kingsberry Power, which has spent 12 years developing and patenting the technology financed largely by $10 million in US and state Government sponsored research grants (DARPA, DOE, etc.). Following its preliminary R&D, and collaboration with Kingsberry to adapt the fuel cell for electricity generated by its pyrolysis plant, the Company expects to convert its option into a license agreement.>>
Specifically ...
<<
today announced that it has optioned a state-of-the-art hydrogen fuel cell technology as a pivotal next step toward demonstrating its ability to store its clean hydrogen -- AquaHTM produced from its pilot pyrolysis plant - anticipated to lead to full scale commercialization.
>>
did they build the pilot plant? is it in the process of being built right now? Or was it announced and then left at that? I'm looking for the pilot pyrolysis plant. Where was it built? Or is it being built?
I've seen companies talk about options and MOUs and then never Do anything. Notice it was an option then and an MOU now. Not a contract then or a contract now. ANd no, an MOU is NOT the same as a contract. Many MOUs never lead to finalized contracts. SO did the February deal lead to a pilot plant?
Thanks for letting me know. I'm interested, but find I can get more information here quicker than looking through piles of DD - because people here have already had the same questions I had and gotten those answers, so no use reinventing the wheel. Reall y look forward to your answer.
thank you
Why? Give me a good reason (to buy now). thanks.
Tel me this ...
"We are making minimal revenue, and I don't see us making lots of revenue until we either scale up or Bill buys back shares,"
how does Bill spending money to buy back shares increase "revenue"?? LOLOL
Off a decimal. Sorry. Was $.073, not $.73. So opening at $5.40ish, not $54ish. Same story, just different number.
Let's see who sees it at $5.40 and thinks it is a better company now, because of the price, and how many sell because they think it went up.
Let's see how fast it now drops. People will see it at a "high" price and sell. That's my bet. it closed at $0.73 or so. Reverse 1 for 75 puts it at $54.75 per share. Tomorrow lots of people will think they hit it big - until they see the share count in their account.
Bets on it going down to $40 or lower?? (that's only $0.53 per share, so not that low ... yet)
Might even buy it after a dip, but been waiting for this reverse to even consider it. I just know most reverses drop the share count on existing shareholders, and then new shares are issued, and the old shareholders are diluted out of the game. And the price suffers. Low market cap on this one intrigues me, but I want to watch a bit first.
New symbol.
So yesterday the stock was MWXRF and the bid was $.017. Today, after the 1 for 2 reverse split, shareholders own half as many shares. But of course, at a higher price. twice as high? Nahhh. The bid is at ... $.0189.
Yesterday
100,000 shares at $.017 = $1,700
Today
50,000 shares after reverse at $.0189 = $945
Tell me again how lowering the outstanding shares and doing a reverse was a good thing!
If they own the harvest, yes. But they are a weed related PROPERTY owner, and if all they do is lease the land out to producers, then they have nothing ot sell.
Strange that we can't even figure out if we own the harvest or not. Seems very fundamental to what our BUSINESS is. Right?
NEWS. From me.
At noon EDT on June 30th, I RETIRED from the job that I created on July 1, 1991. A long but profitable 31 years, but now it is time to put the proverbial rocking chair on the porch and start a new chapter in my life.
As I retire from my work, I am also relinquishing my positions elsewhere. This means I am ending my affiliations with the companies that I was assisting over the past few years or decades, including this one. My full retirement taking effect. Therefore, I give you all a fair adieu, and shall fade into the sunset. It’s been fun most of the time, and challenging some of the time, but now it is time to go crawfishing instead of watching the markets. Time to go hiking instead of answering phone calls. Time to go dove hunting instead of deal hunting (when dove is in season, of course). Time to go to … well, just time to GO. Thank you to all whom I worked with these past 31 years. I’m officially outta here. ??
Thank you
still no return call from tristan. Left him another message. Wondering if he is paid for IR, and if so why he does not return calls .....
Mostly tgst he doesn't return phone calls timely. I'll try again tomorrow afternoon if I don't hear back.