Phio Pharmaceuticals Corp (PHIO): The big Q is just how low Tang is willin...

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Re: oldtimerr post# 1815

Thursday, 04/23/2015 11:42:50 PM

Thursday, April 23, 2015 11:42:50 PM

The big Q is just how low Tang is willing to sell those remaining shares to the market-- 60 cents? 40 cents? Thus far it appears that he has been willing to sell all the way down to these prices. He's simply overwhelming the amount of shares willing to be bought by buyers, so if he keeps whacking the bid, the s/price will have no place to go but down.

> Tang now only owns 16 % of RXI. Nobody really knows if it/he/they will keep selling but if he/it/they do the shares will be absorb by the market.

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