Phio Pharmaceuticals Corp (PHIO)

[Full Contact Yoga]

Means nothing...could simply be more toxic notes, debt holders love to short and cover with discounted shares received from the company. But, either way, the market has clearly spoken and the perpetual downtrend remains set. Also, don't forget this it is failed company, printing shares at every turn, and, of course, they have no choice but to perform an RS on or before 1/19/18 (10 days prior to the second extension expiration) in order to remain on the Nasdaq. So, those are the actual facts, as a result of managements failure to deliver. Should someone short, it's solely due to the market realizing corporate weakness, nothing else. Maybe they'll have 10 consecutive days over $1 before the 19th of January, but, better start soon, only 21 trading days left...otherwise, might bounce post RS, wait for the drop following though, no hurry to catch a falling knife...