Bio Path Holdings Inc (BPTH)

[SJSTOCKSHARK]

My new theory of collusion.

I have been combing through the documents related to the warrant issue to Sabby. I have been unable to find any benefit to BPTH. If anyone can explain the benefit please advise. Why would our Board approve an agreement that provides no benefit to the shareholders? In fact, it may allow Sabby to short our stock in the future.

This morning it occurred to me I was looking at this issue from the wrong perspective. The question I should have asked is how does this arrangement benefit PN.

My theory is PN and the Board agreed to give away the recasting these warrants for free in exchange for Sabby's positive votes on the ballot initiatives. If I read the warrant perspective correctly they have roughly 8 million shares or at least 4 million shares. If you combine their votes and the Board of Directors it presents an impressive block.

Please realize this is only a theory but I cannot find any other reason why to grant a known potential shorter a way to cover their shorted stock for free.