Phio Pharmaceuticals Corp (PHIO)

[sabaidii2]

"Thinking about a starter position"

Allow me to give you more color - and the bearish view

1) RXI has been in start-up mode for > 6 years, financing itself via endless dilutions (5, 6? I gave up counting). Barring a deal (which RXI has been trying to get for years), yet another dilution will occur within 6 months. At the current market cap ($10 million) and an annual budget of $8 million, every dilution is devastating

One glance at its chart should scare you off.

2) This new push into immuno-oncology sounds great but be aware that RXI is literally abandoning all its previous pipelines:
a) dermal hypertrophic scarring treatment
b) Retinal scarring
c) Wart treatment (actually this one has gotten good phase 2 results)
d) Skin lightener: huge block buster potential is also being abandoned - which really pisses me off as I thought it would save RXI

3) Complete Phase 2 readout presentations for the dermal scarring and Skin Lightener will occur May 17-18. Major Red Flag if no photos shown

4) BEFORE investing, read the latest Conference Call transcript at
https://seekingalpha.com/symbol/RXII
Pay close attention to the Q&A section

If you're too lazy to at least read it then you deserve to lose your money