IntelGenx Technologies Corp (IGXT)

[mc67]

$IGXT DD (opinion) by Tim on Ya-00
The company reported 3Q20 revenues of $510,000 an increase of +736% yoy results. Licensing and R&D generating impressive revenue increases. Next week IGXT will report similar yoy quarterly results of well over +800% increase in revenues. Next week Horst and Andre will delivery the very best and most positive company report in the company's history. Peter Theil's ATAI wants to take a US$12M equity stage in IGXT purchasing 59 million shares at .35 cents each representing a 25% stake in the company. When/if ATAI exercises all their warrants they will control 35% of the company and have directors placed on the board.
This ship has been most excellently "righted" and we are now about to embark on a life changing journey.

Share structure will look something like this after ATAI's purchase:

IGXT
171M total shares outstanding
78M shares held by insiders (47% insider ownership)
96M shares in the float

Major holders:
ATAI 59M shares
Horst and Ingrid Zerbe 10.3M shares

Will ATAI's stake in IGXT legitimize our companies equity to other hedge funds and Wall Street in general?

Of course.

Congrats to all shares holders old and new. 2021 is going to be a life changing and rewarding year for the faithful and the timely.

My opinion only~