First, a comment on the RZX market yesterday. I received an observation from an experienced shareholder relative to the day's trading:
"Today RZX had 26 trades at a VWAP (Volume Weighted Average Price) as calculated by Bloomberg as $0.1795 per share multiplied by the 412,650 shares traded gives a total traded value of $74,070.67.
The last trade at 14 cents was at 15:52 ( 8 minutes to 4 ) and the closing BID was 16 cents. It appears to have been a small dollar amount of shares sold in a “thin” stock."
I do realize that the analytics do not always temper the emotion of investors, so I will continue:
There are no material changes that would give reason for the precipitous drop in the stock price yesterday. I do admit that there is much speculation relative to the various projects in Mexico, and the water division status in Canada.
I am preparing a full corporate update to shareholders, upon my return from the Toronto trip early next week. The anticipated update being prepared will include a discussion of pertinent details of the Mexico projects and the water division in Canada.
In closing, I want to thank the loyal shareholders for your patience as Robix develops from early stage to high-growth.
All the best, until next blog,