Speaking of EuroAg, back in march 2017, RGI announced a 240 order to be finalised within 12 months, so by March 2018. The share price spiked from 20c 13 days prior to the announcement to 56c 10 days after the announcement. They also agreed to draw down 60 units per Quarter.
As evidenced in the financial reports, this has not happened!
MPX's listing statement says EuroAg is RGI's US distributor
MPX also have exclusive rights to use Roto-Gro in Arizona & Nevada.
My reading of this, is that RGI have renegotiated a better yet to be released deal. Roto-Gro is all over MPX's presentations, the CEO's interviews, etc as previously linked. I believe the EuroAg agreement is on hold, to be replaced by a much bigger contract. Otherwise why would RGI tolerate a break of contract?
RGI Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
