SiNtx Technologies Inc (SINT)

[OhManIDied]

Excellent observation, I somehow missed this as I was trying to figure out the exact terms of the warrants.

By definition, the Series A and C warrants will not exert a "physical" trading force against the share price (at least they won't add selling pressure) as they are private placements, not registered with the SEC, and therefore will be restricted for 1 year after they are converted to commons. The recent price-crushing is only to get a low conversion price for A and C so that the company will be able to find a buyer on them - which they already have done.

This bodes well for the share price this week, I think we will see a major recovery. Technically it is set to fly.

I made a nice flip from .11 to .14+ today.. I sold because the terms of the adjustment price of the warrants call for low closing consolidated bids for 3 of 5 prior days. I will reload at some point today or tomorrow (probably at the EOD) and ride this back up.

I think the automatic exercise date is now Nov 17th as the series B will be terminated and converted to cashless series D warrants at the appropriate adjusted "market price" -- the auto conversion failed as the minimum dollar trading volume requirement was not met.

Adjustment
The Series B Warrants are exercisable initially for 13,123,360 shares of Common Stock. Immediately following the close of business on the trading day immediately prior to the Series B Automatic Exercise (the “Series B Adjustment Time”), if the exercise price of the Series B Warrants then in effect is more than 75% of the Market Price (as defined below) then in effect (the “Series B Adjustment Price”), on such date the exercise price of the Series B Warrant will be adjusted downward to the Series B Adjustment Price and the number of shares of Common Stock issuable upon exercise of the Series B Warrants shall be increased such that the gross proceeds from exercise of the Series B Warrants shall equal $5 million.
The term “Market Price” means the quotient of (i) the sum of the three (3) lowest closing consolidated bid prices (as used by The Nasdaq Stock Market) of the Common Stock for any trading day during the five (5) trading day period commencing and including the Series B Trigger Date and ending and including the trading day with a close of business ended immediately prior to the Series B Adjustment Time, divided by (ii) three (3).

AMDA