Replies to post #85 on RDX Technologies Corporation (RGDEQ)

[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.