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Re: bluejacket6 post# 6634

Wednesday, 10/26/2016 10:07:45 PM

Wednesday, October 26, 2016 10:07:45 PM

Post# of 9772
So, I see that you really don't understand how toxic funding occurs...

the 5% limit on ownership by the toxic funder occurs because the toxic funder has been selling its SNGX stock into the market soon after it is issued the stock by SNGX, diluting current stockholders over and over and over again...

and say, how is that "ramping up of the price" turning out for you?

hint: the stock price is down about 50% since the reverse split




So a company such as SNGX with little to no debt and a great pipeline for many years decided to make a deal with Lincoln that enables them to buy for less and keep selling at a higher price point. Why aren't you figuring in the restrictions? 5% ownership is the max allowed to own, rather they buy and sell the stock, with daily restrictions in place, is up to them and their right! Not understanding how you believe this will dilute the stock anymore than what the initial agreement states! To me this allows Lincoln the benefit of turning a profit at different stages per agreement at the same time limiting the dilution as the price ramps up over time. I would think if anything it's more of a upward spiral.

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