LadRx Corp (LADXD)

[pfort1]

On May 12 the company filed with the SEC notice of the July 12 Annual Meeting. Only shareholders of record on May 12 were eligible to vote. On April 28 the company announced the pricing of the 30 million share offering. On May 1st Sabby Management filed a 13G stating they had increased their holding by 10,410,000 shares. I don't know where the other shares were placed but the company reported at the June ASCO conference that the May equity financing had netted $13.9 million. IMO the 30 million shares were placed in "friendly" hands because in all likelihood management had to know what they were planning. What transactions the Tutes may have undertaken between 4/1 and 5/10 I have no idea.