Regenicin Inc (RGIN)

[Jesse411]

I couldn't even tell you who works there anymore. I would guess a typical day is Randy tries to raise money, that's about 99% of his time, and he gets a call once a week or so from a lawyer, updating him on the Lonza lawsuit. So it is a race against time. They will continue to issue stock. (issued another 10M shares last qtr) Almost 10% increase in stock!!!!!!!!!!! We as current shareholders can't make any money here.. The new money gets stock in warrants, preferred etc, at basically free, so selling here at .01 is still good for them. Hard to buy here at .013 or so when a guy is getting it for much less. So have 130M outstanding, 200M authorized need about 15M for convertible. So once issue 55M more shares will probably just increase share count and continue to do that until can't or lawsuit finalized. If they lose, then all initial investors will file suit, since were told they are buying the rights, APPARANTLY they were not. Would like to see initial contract. Having said that, product works, but looks like Randy running out of time. I sold 1/2 position at .0375, felt that was low, but made money. Now long 1m shares at average of .025 cents, Still don't feel like averaging down.