Synaptogenix Inc (SNPX)

[InTheTrenches]

RE: registration of shares from the private placement 18-nov-2016.

http://www.prnewswire.com/news-releases/neurotrope-announces-private-placement-of-20-million-300365721.html

"The securities to be sold in the private placement will not have been registered under the Securities Act of 1933, as amended, or state securities laws as of the time of issuance and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (SEC) or an applicable exemption from such registration requirements. Neurotrope has agreed to file one or more registration statements with the SEC registering the resale of the shares of common stock underlying the warrants purchased in the private placement."

That is, NTRP was required to register the private placement shares and warrants for resale, or face penalties (probably more shares issued) for failure to register in a timely manner. Standard operating procedure to list all owners/shares/warrants.

In other words, after the shares were registered, the owners of the shares/warrants MAY sell their shares at any time, but they don't have to. They may look at the Phase 2b data and decide to hold for a much higher price.