Replies to post #6166 on The Tirex Corporation (TXMC)

[Until2020, formerly Until2017]

Excellent point. No argument from me.

I have been asserting Tirex incompetence, over the idea of illegality. Fraud is illegal, but incompetence is not even slightly illegal.

So, if you are convinced that there is no fraud afoot, are you confident enough to buy buy buy TXMC shares, at this price level ?

Or do allegations of 16 years ( since 1998 ) of utter and relentless incompetence, dissuade you from buying shares ?

Just curious, your business is your business. You don't need to answer the question.

I AM NOT BUYING SHARES, and wish I had sold a year ago. I have been badly hurt by Corporate incompetence. BADLY !

Until2017

[saratogaguy]

Simpro had agreements with Tirex in the early 2000's to manufacture the first TCS systems for Tirex. Those deals never materialized.

On December 10, 2013 Wanderport Corp signed a Letter of Intent to acquire tire recycler, ReGenesis Intercontinental NYC. ReGenesis has an agreement with Simpro to use their tire recycling technology.

On December 11, 2013, Tirex announced a renewed agreement with Simpro for them to manufacture TCS systems for Tirex and the non-exclusive right to sell TCS systems worldwide. Coincidence?

Simpro has nothing to lose in their agreement with Tirex. If they can sell a TCS system, they will generate some nice revenue on the sale and then again on the manufacturing of the system. They are not partners with Tirex and are involved only as far as what they might sell and manufacture. Any shady dealings that Tirex may or may not have been involved with does not involve of affect Simpro. Simpro only has an upside if a system actually gets sold and has no real downside other than possibly some wasted time and attorney fees for getting in and out of the agreement.

There have been numerous questionable deals by Tirex over the past several years that have been announced and then disappeared with no real explanation from Tirex's management. I will not go into details here. You can see those on the Tirex website and via postings on this board.

When deals are announced and the stock runs up, and then major sell-offs take place just before the communication is turned off from Tirex's management, "something is rotten in the state of Denmark". That has been the modus operandi of Tirex's management for several years now, and that is why questions are being asked. IMHO