Arch Therapeutics Inc (ARTH)

[Regis999]

Sorry it is a registration of shares to remove restrictions from sale and it does not mean they will be hitting the market anytime soon. When they did the private placement Arch agreed to register the shares and warrants (shares issued upon exercise of the warrants).


The S-1 is boilerplate and it assumes a holder will sell. Those private placement investors are long term holders. I have followed all their holdings from day one. They are not in this for a nickel.

What is true is the private placement holders agree to what is called a "blocker provision" which means they agree not to go over 5%. So if they decide to exercise their Series E warrants (or any other warrants held) they would sell shares to stay below the 5%. However the Series E warrants run to 2021. They can waive the blocker provision and go over 5% and do the appropriate SEC filings.

Gobblygook nonsense.