LadRx Corp (LADXD)

[pfort1]

wise - why do you say Soon's 3,000,000 warrants are exercisable at $1.10 pre or post RS? On page 9 of the 14A Filing it says the following under the caption: "Principal Effects of the Reverse Stock Split":

"based on the Reverse Stock Split ratio, proportionate adjustments will be made to the per share exercise price and the number of shares issuable upon the exercise of all outstanding options and warrants to purchase shares of our Common Stock, which will result in approximately the same aggregate exercise price being required to be paid upon exercise of such options and warrants after the Reverse Stock Split as immediately before the Reverse Stock Split;"

Reads to me like Soon's warrants are subject to the same treatment as common stock.

As of now, I'll vote NO on the RS proxy because the authorized common shares (250,000,000) are not subject to RS and I don't trust management with the power to dilute any further than they have now (approximately 50,000,000).