VYNE Therapeutics Inc (VYNE)

[jugs]

Interesting, what you're saying.

You see, I'm hoping to sell a portion of my holdings in MNLO before August 9th which will get me past the wash-rule 30 day period. My last purchase was on July 9th.

This is meaningful as I'm underwater although not by a huge amount. Because of this it would be wise of me to position my buy sensibly.

My plan is to sell some shares between the date of an official declaration of the reverse split and August 9th. I hold 214,000 shares at present and intend on selling something between 14,000 and 64,000 shares. The reason? ---more often than not, reverse splits result in very significant share-price drops. My wish is to reposition myself so as to enable the re-purchase of shares at a price significantly lower than my sell point. I believe we could witness a drop of 20% to 25%. We may see shares dropping to $1.30 (pre-split) if not slightly lower.

Frankly, I think it would be insane to be adding now. It's not only about the proposed reverse split but also the ongoing pandemic.

Acne sufferers can effectively hide behind Covid-19 masking, something I don't believe will stand a chance of changing meaningfully any time soon. Considering probably more than half of acne sufferers are adolescents and it's the adolescent group testing positive these days more so than other age groups. Too, Covid-19 stands to impact more heavily on MNLO sales
than the death rate brought about by the pandemic.

Please do me a favor and go to the IHUB board for RCEL. This morning I wrote a lengthy detailed post explaining some things I'm realizing of late. My hope is that you'll reconsider what you're thinking of doing.

I don't want you to lose money and I strongly believe you will if you invest further in MNLO now. At least give things a week or two to settle, assuming the Board's proposal to declare the reverse split becomes effective.

Please let me know what you decide to do, won't you?

Len

P.S. If the split occurs before my wash-rule date of August 9th, I will do a partial liquidation anyway as the gains thru money saved will likely exceed any tax advantage. But I'm not a tax expert by any means so proceed with extreme caution.