Phio Pharmaceuticals Corp (PHIO)

[Inoviorulez]

About the dilution you are right it will bring down the stock even more then where it is now. Look at this SEC filing as of March 31, 2017:

"We had cash of 10.2 million as of March 31, 2017, compared with cash of $12.9 million as of December 31, 2016. We believe that our existing cash should be sufficient to fund our operations for at least the next twelve months"

They say enough cash for 12 months from that date they filed that means they will have to dilute in the next one to 2 months for more cash. Unless they find a partnership which is doubtful after all the presentations Geert has done.

source: http://investors.rxipharma.com/node/6431/html