$Bob's and Jbem's Bitchin' Bios

[jbem777]

$SNGX....Based upon a number of requests, I wanted to take a moment and provide my thoughts into the recent SNGX trading pattern. When doing the DD on this company, the technical analysis indicated that there a 6 month period of healthy consolidation with subtle hints at accumulation.

This was viewed by myself as a healthy sign and an indication that the stock was ready to make its next leg up. From June 19-23rd, there was an indication that the company was going to break out of it’s consolidation pattern and this was fueled by the press release indicating their collaboration for one of their phase 3 studies. With this imminent breakout set to occur, the DD was released on June 24th. The subsequent spike over 50% was insane and I never expected such a reaction. As I mentioned in a previous email, this spike exposed this stock to short sellers, day traders, and other short term profit takers. In addition to this, the following day a paid promotion company began touting this stock. More info can be seen at the following links:

https://stockpromoters.com/news/pump-helps-soligenix-stock-to-jump-148.aspx

http://newsletter.hotstocked.com/newsletters/view/SNGX_Thursday_Thunder__-2114812

In the 2 links it is evident that a 3rd party had paid for a promotion of the company. Additionally, the company Stockapalooza.com claims responsibility for the spike due to their “underground” alert. In reality, they did not even release their paid “pump” until the following day, but still claim responsibility for the price action on the 24th. These types of paid promotions are typically done by shady firms who have accumulated shares and intend to sell them into the “pump” generated by these paid promotion campaigns.

At the time of the DD release, there was no indication that a paid promotion had been initiated. Unfortunately, it did not become evident until the day after the DD release. With the DD release came increased awareness into the stock by investors and the shaddy characters who had paid for the promotion were able to sell many, if not all the shares they had accumulated in the in the subsequent trading days. This is very likely why we have seen the unrelenting selling pressure and rapid share price decline. Despite all the new investors, there was not enough sustained buying pressure to counter the selling by this 3rd party.

At the present time, it does appear as if some of the selling pressure is residing. It can’t go on forever and the company has a number of value driving events lined up this quarter. I continue to hold a full position and have not sold one share. I plan on weathering this storm as I believe the fundamental picture of this company remains solid and their future bright. SNGX is on the OTC and as a result “paid promotions” come with the territory and continued volatility can be expected. As we have seen many times, these companies can run just as quickly as they can drop. I have scheduled a conference call with the CEO on Thursday and will provide everyone an update on any insights gleaned from our discussion. This company remains undervalued , fundamentally strong, and I anticipate share price appreciation in the comings days, weeks, and months.

Josh