Soligenix Inc (SNGX)

[someday7]

Maps a private placement would be below market value and would require a process that the market wouldn't like. IE the whole uplist process dragged the stock from 8 to 3. This was the shelf. To activate the shelf u need volume. They used chat rooms to pump the orphan desg and sold millions of shares into the volume. Its actually the most efficent way to raise cash but illegal. Its the very reason they released earnings earlier this year than I can ever remember and I have followed for years.