Phio Pharmaceuticals Corp (PHIO)

[sabaidii2]

If there is high short interest, it might just be part of the equity raise / dilution process:

1) First, RXI arranges with Big Money to purchase 'X' number of shares in the future at a price far below the current point.

2) Then, Big Money shorts shares equal to the number of new shares to be issued from RXI.

3) When the "future date" rolls around, Big Money buys the new shares, closing their positions.

So long as the shorted shares are above the new-to-be shares, it all works.

I won't go into detail as to what happens to shareholders as there might be children reading this thread.