Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[thegoldenstrand]

Maxm and bondholders are shorting, selling before company issues them stock. This is even though stock is to be issued at 20% discount to low price when company pays with stock in lieu of cash. There have been no filings showing stock was issued since May 16th. Due to short selling stock price fell below minimum price, so stock could not be used to pay until or unless it rises in price or there is a reverse split. However, since Maxim and or convertible bond holders caused violation of low price by themselves breaching prohibition of shorting as well as best efforts to obtain best price when selling, this should put an end to the deal once company sues. My guess is they should and may do this soon, which will open up more traditional funding options.