Bio Path Holdings Inc (BPTH)

[SJSTOCKSHARK]

PN claims he wants long term investors. He must believe a higher share price will attract those type of investors? Actually most of investors who bought in by private placements are forced to be long term investors due to the registration requirements. I suspect most private placement investors still hold some BPTH stock, so PN's reason for the reverse split makes no sense.

The stock price went to above a buck (over $10 post R/S) while on the OTC. That was well over a $100 million market cap. The high over $5.00 PPS (over $50 post split) was reached on the NASDAQ but it was short lived. We will never see a $500+ million market cap without FDA approval. With another 1-20 reverse split we will be lucky to hit a $100 million market cap at the present share structure EVER ($200 per share)! However the anticipated dilution you can expect after the 1-20 reverse split will help the market cap but hurt anyone presently invested . Only investors buying after the reverse split will make money here. IMO that is how PN rewards shareholder loyalty.

I suspect PN will suffer no loss in his percentage share of BPTH stock compared to the market cap. I expect this BOD to grant continued performance related grants of stock to equalize any dilution.