Regarding the REGDEX filing on 12/8/03 (Monday). I've been doing a little research and found out that sometimes companies use this vehicle to provide free shares to stock promoters, especially after issuing dilutive financing.
Form D must be filed within 15 days of the issuance of REGDEX shares. Note that there was a REGDEX issuance within 15 days of the announcement of the Series D and within 15 days of the Series E financings. Coincidence?
If you do a search for REGDEX on iHub's public messages, you'll see that most investors/traders find them to be a very bad thing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.