Phio Pharmaceuticals Corp (PHIO)

[sabaidii2]

Nothole,

I see you're a new investor to this company. I, unfortunately, am an "old" investor who is well underwater (ie, a bagholder). Every "old" shareholder has lost 90+% of their investment.

Note that i am not some nefarious big-time evil short from Wallstreet.

Now that I've established my bona fides, allow me to opine.

1) PHIO / RXII has diluted (quickly followed by reverse splits) at least 5 or 6 times - I've lost track. But just look at the long time chart as that tells the same story.

2) As TheOtherGuy posted, RXI most likely changed its name to PHIO in order to hide their dismal track record. The dermal and opthamology pipelines have been halted and shopped around for 1-2 years by now. But, alas, no takers.

The dermal "franchise" includes a miracle skin-lightener "cosmeceutical". A very big deal in Asia with a $200 billion market. Only minor problem is that the product obviously doesn't work well enough to interest any cosmetic company. Not that PHIO will say that.

3) I guarantee that yet more (as in, multiple!) dilutions and reverse splits lies in the future as each dilution only results in about 12 - 18 months' worth of money. And any positive research results are literally some number years away.

It's your money, so do what you wish. But don't say you weren't warned.